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Aug 19 - PBOC injects $48bn into China Development Bank

EMOTION MOVING MARKETS NOW: 14/100 EXTREME FEAR

PREVIOUS CLOSE: 12/100 EXTREME FEAR

ONE WEEK AGO: 9/100 EXTREME FEAR

ONE MONTH AGO: 32/100 EXTREME FEAR

ONE YEAR AGO: 26/100 EXTREME FEAR

Put and Call Options: EXTREME FEAR During the last five trading days, volume in put options has lagged volume in call options by 29.04% as investors make bullish bets in their portfolios. However, this is still among the highest levels of put buying seen during the last two years, indicating extreme fear on the part of investors.
Market Volatility: NEUTRAL The CBOE Volatility Index (VIX) is at 13.79. This is a neutral reading and indicates that market risks appear low.

Stock Price Strength: EXTREME FEAR The number of stocks hitting 52-week lows is slightly greater than the number hitting highs and is at the lower end of its range, indicating extreme fear.

PIVOT POINTS

EURUSD | GBPUSD | USDJPY | USDCAD | AUDUSD | EURJPY | EURCHF | EURGBPGBPJPY | NZDUSD | USDCHF | EURAUD | AUDJPY 

S&P 500 (ES) | NASDAQ 100 (NQ) | DOW 30 (YM) | RUSSELL 2000 (TF) Euro (6E) |Pound (6B)

EUROSTOXX 50 (FESX) | DAX 30 (FDAX) | BOBL (FGBM) | SCHATZ (FGBS) | BUND (FGBL)

CRUDE OIL (CL) | GOLD (GC)

 

MEME OF THE DAY – NYSE GOES DOWN

 

UNUSUAL ACTIVITY

IDTI Vol weakness SEP 19 PUT ACTIVITY @$1.25 on offer 4500+ Contracts

SLB SEP 80 PUT ACTIVITY @$1.31 on offer 4000+ Contracts

PYPL SEP WEEKLY4 PUTS on the BID @$1.35 3700 Contracts

SPLS DEC 15 CALLS on the OFFER @$.90-.95 6000 Contracts

SEMI - CEO Purchased $300k+ total

AVHI Director Purchase 1,920 @$ 13.9989 Purchase 1,280 @$13.99

More Unusual Activity…

 

HEADLINES

 

PBOC injects $48bn into China Development Bank --Xinhua

Fitch Affirms Canada at 'AAA'; Outlook Stable

Fonterra GDT Price Index Rises +14.8% (prev -9.3%)

ECB balance sheet expanded by EUR 5.31bn in latest week

ECB lowers ELA cap for Greek banks to EUR89.7bn –Rtrs

Tsipras, Advisors Consider Delaying Call For Confidence Vote - kathimerini

Greek Finance Ministry Makes 7 Changes To Capital Controls - enikos

Merkel To Press Dissenting Lawmakers To Support Bailout – ekathimerini

IMF Calls On Saudi Arabia To Rely Less On Oil - MarketWatch

Walmart Cuts Full Year Earnings Guidance After Disappointing Results - FT

Home Depot Q2 EPS In-Line; Comps Outpace Expectations - Street Insider

Lindt Half-Year Results Helped By Russell Stover Buy - RTRS

Deutsche Bank AG 'BBB+/A-2' Ratings Affirmed; Outlook Stable - S&P

Austria, Spain parliaments approve Greek aid deal

56 Merkel lawmakers to reject bailout deal --BBG

GOVERNMENTS/CENTRAL BANKS

Atlanta Fed GDPnow (Q3): 1.3% (prev 0.7% on 13 August 2015)

Fitch Affirms Canada at 'AAA'; Outlook Stable

COMMENT: Hilsenrath: Dallas Fed Gets a Non-Economist with a Controversial Resume

ECB balance sheet expanded by EUR 5.31bn euros last week --Rtrs

BoE analyzes whether Twitter can help predict a bank run --WSJ

Irish cbank appoints advisers to beef up credit union regulation --Examiner

GREECE

ECB cuts Greek bank ELA cap to E89.7bn after Bank of Greece request --Rtrs

Austria, Spain parliaments approve Greek aid deal --Livesquawk

Greece eases capital controls for students and payments --Rtrs

Merkel to Press Dissenting Lawmakers to Back Greece Bailout --BBG

Dutch PM Rutte to Face Dutch Criticism Over Broken Greek-Aid Promise --BBG

EU Spokeswoman: ESM Will Cover Greek Aid Without 'New National Money' --Livesquawk

Greece Moves Forward With First Privatization Since Bailout Deal --BBG

GEOPOLITICS

Ukraine Says Separatist Attacks Ease for First Time in Week --BBG

Putin Escalates Again in Ukraine --WSJ

FIXED INCOME

European Bonds Decline After Global Economic Data Beat Forecasts --BBG

Corporate bond and equity market confidence diverging --FT

NTMA Cancels EUR500 Mln Of The Irish Floating Rate Treasury Bond 2038 --NTMA

High-grade leverage rose in Q2 --IFR

Russian domestic dollar debt binge prompts liquidity fears --IFR

Iraq Hires Banks Including Citigroup for $6bn bond Sale --BBG

FX

USD - Dollar buoyed by US housing data, Fed ahead --Investing.com

GBP - Sterling rallies after UK inflation beats expectations --Rtrs

TRY - Turkish lira hits record low after bank holds rates --CNBC

IDR - Indonesia Cbank to Change Dollar Purchase Rules --WSJ

RUB - Russians Feel Ruble's Fall --NYT

CLP - Chilean peso takes turn in EM filing line --FT

ENERGY/COMMODITIES

WTI futures settle 1.8% higher at $42.62 per barrel

Brent futures settle 0.1% higher at $48.81 per barrel

O&G - UK fracking industry set for a boost --FT

AGS - Fonterra GDT Price Index Rises +14.8% (prev -9.3%)

AGS - Fonterra chief bullish on dairy prices --FT

METALS - Copper tumbles below $5,000 to fresh 6-year low --FT

EQUITIES

EARNINGS - Walmart profit misses expectations, lowers guidance --BBC

EARNINGS - Home Depot Inc Q2 16 Adj EPS: $1.71 (est $1.71) --USAToday

COMMODS - Rio considers Hunter coal break-up --AFR

COMMODS - Noble Group Plunges to Seven-Year Low as CEO Defends Finances --BBG

COMMODS - Glencore examines closure of platinum mine --FT

COMMODS - Cairn Energy expects to begin drilling in Q4

TECH: Sprint CEO escalates Twitter war with T-Mobile CEO --CNBC

BANKS - Deutsche Bank's Fingeroot Said to Take Credit Suisse Equity Role --BBG

BANKS - S&P: Deutsche Bank AG 'BBB+/A-2' Ratings Affirmed; Outlook Stable

BANKS - RBS sells Luxembourg fund business --FT

BANKS - BNY Mellon to pay $14.8m to settle US SEC bribery charges --Rtrs

EM - India's Snapdeal raises $500m from Alibaba, Foxconn --FT

EMERGING MARKETS

CHINA - PBOC injects $48bn into China Development Bank --Xinhua

CHINA OVERNIGHT - China's central bank injects 120 bln into market --Xinhua

CHINA COMMENT - Top analyst says Chinese authorities to maintain stability of the equity market --BI

TURKEY - Turkey's CBank Leaves Rates Unchanged --WSJ

 

INDONESIA - Indonesia central bank holds key rate at 7.50% as expected --ST