Financial Markets and Economy
Charting the Markets: Global Stocks Jump on Weak U.S. Jobs Report (Bloomberg)
Emerging market stocks advance, commodities rise on weaker dollar and Glencore rises again.
The oil price is killing Rolls-Royce and it's cutting 400 jobs (Business Insider)
Rolls-Royce is slashing 400 jobs from its marine division, blaming the fall in the price of oil and a need to cut costs.
To find the most attractive stocks, go to DIVCON 5 (Market Watch)
What’s the best way to pick a stock?
There isn’t only one answer, of course. There are many fundamental approaches that focus on financial statements, sales, earnings or cash flow growth. And there are technical views that consider price momentum, volatility and so forth.
Oil Bulls Lose Faith in Recovery as Russia Adds to Global Glut (Bloomberg)
Hedge funds trimmed bullish oil bets for the first time in six weeks, losing faith in a swift recovery as Russia boosted output to the highest since the Soviet Union collapsed.
Ferrari wants to rebrand itself right before its IPO (Business Insider)
You probably think of Ferrari as a maker of cars. But Ferrari seems to be making the case that it is more of a luxury brand like Tiffany or Patek Phillipe, in documents filed with the SEC on the eve of its IPO.
The word "luxury" appears in its amended IPO filing 151 times.
FTSE 100 gains for fourth day as miners rise (Market Watch)
U.K. stocks moved higher for a fourth straight session on Monday, extending gains from the end of last week when a shockingly bad U.S. jobs report fueled speculation the Federal Reserve won’t increase interest rates this year.
The FTSE 100 index UKX, +2.05% climbed 2.1% to 6,255.40, building on a 1% advance from Friday.
The Two-Day Trick Masking Turkey's Short-Term Debt Habit (Bloomberg)
Turkeys central bank has spent 2015 forcing lenders tocurb their addiction to short-term debt. On paper, it worked.
Market history is calling, and it's saying stock performance will be crappy for another ~10 years (Business Insider)
Stock performance has been weak for the past 15 years.
If history is a guide, it's likely to stay weak for at least another 10 years.
Dollar keeps gains against yen ahead of BOJ meeting (Market Watch)
The dollar maintained its gains since last week against the yen in Asia trade Monday, as investors remained cautious before the Bank of Japan wraps up its policy setting meeting later this week.
Bernanke wanted Wall Street's worst in jail (CNN)
Bernanke advocated for Wall Street's bailout in 2008 during the financial crisis when he led the Federal Reserve.
He still thinks the bailout was the right call, but looking back he wishes more corrupt Wall Street bankers who helped bring on the crisis went to jail.
World's Central Banks Lose Bond-Market Credibility as Woes Mount (Bloomberg)
More and more, bond traders are drawing the same conclusion: central bankers globally are coming up short in their attempts to combat the worlds economic woes.
Emerging Market Meltdown May Plunge Global Economy Into Recession (Zero Hedge)
When the Fed effectively telegraphed its new reaction function last month, the FOMC served notice to the world that it was not only acutely aware of what’s going on in emerging markets, but also extremely worried about the possibility that hiking rates could end up triggering something far worse than the “tantrum” that unfolded across EM in 2013.
Wall Street set to stay in rally mode, taking a cue from global gains (Market Watch)
U.S. stock futures pointed to gains on Monday, taking some inspiration from a global market rally as investors continued to digest weak jobs data out of the U.S.
Meanwhile, a Federal Reserve official said an interest-rate increase could still go ahead this year, as the labor-market weakness spurred speculation the U.S. central bank won’t hike until 2016.
Traders Stung by VW, Glencore See More Pain for European Stocks (Bloomberg)
Investors dont need proof that 2015 is a rough year for stocks. In Europe, traders are preparing for it to get worse.
Q. and A. With Fed’s Eric Rosengren: Still Bullish on Economy (Market Watch)
Eric Rosengren, president of the Federal Reserve Bank of Boston, thinks the American economy is doing pretty well, and a disappointing September jobs report hasn’t changed his mind. Not yet, anyway.
“Up to now, I thought the incoming data was consistent with a reasonably strong U.S. economy,” Mr. Rosengren said in an interview Friday. “We’ll have to see if the data continues to ratify my idea that the economy is reasonably strong or whether there’s a sign of broader weakness than I was expecting to see.”
It's The Entrepreneur That Saves An Economy – Not The Fed (Mark St. Cyr)
Once again via a stunningly dismal monthly “jobs” report we were shown just how inept the Federal Reserve is in its ability to deliver a qualitative as well as quantitative resolution to one of its core mandates. Only if you use the “math” now prevalent (as well as rampant) within economics can one look at any part of it and say “the economy is creating jobs” without bursting out in laughter, or, busting out in tears.
Yet, just when one thinks it couldn’t get any worse, all one needs to hear is an explanation from one of its members as to try to explain such a pitiful report. The reason for so many without jobs? (I’m paraphrasing) “They just don’t want one.” I wish I were making that up, but sadly, that’s their assessment.
Glencore Shares Climb 20% in London, Following Hong Kong Record Rise (Bloomberg)
Glencore Plc climbed in London, following a surge in Hong Kong trading as analysts said the concerns around the commodities company’s solvency are unjustified.
3 ‘sure thing’ tech darlings including Apple are in trouble (Market Watch)
The stock market has punished investors in recent weeks, with the S&P 500 giving up about 10% since its August highs and struggling to find its footing for most of September.
And as we approach what is sure to be a challenging earnings season, with projected declines in both revenue and profits for the S&P 500 SPX, +1.43% year-over-year, things could very well get worse before they get better.
Here's A Macro Trend Not Enough Traders Are Focusing Upon (Trader Feed)
I've long thought that financial markets are master magicians. They get you looking at the one hand that's waving around, while the real magic is being performed with the other hand. There have been a lot of waving hands in 2015, including the U.S. dollar and rates, stocks, and assets in China and emerging markets. All that hand waving has led some investors and traders to lament an absence of clear themes and trends in macro markets.
Fed Odds Drop to 10% for October as El-Erian Says Maybe in 2015 (Bloomberg)
The bond market shows traders see only an 8 percent chance the Federal Reserve will raise interest rates at its Oct. 27-28 meeting following weaker-than-expected employment growth.
European markets are leaping as US interest rate hike threat recedes (Business Insider)
European markets jumped up at the open on Monday, as a poor US jobs report last week signalled the era of record low interest rates will continue.
Politics
Negotiators try to finally ink major trade pact (CNN)
After years of talks, negotiators for the United States and 11 other nations are trying to hash out final terms of a controversial free-trade agreement that could have a sweeping effect on the global economy.
The Trans-Pacific Partnership, or TPP, would knock down tariffs and import quotas, making it cheaper to import and export, and open new Asia-Pacific markets to American companies.
Technology
This Robotic Bee Can Swim (Unlike It's Real-Life Counterpart) (Gizmodo)
If you’ve ever had a bee land in your beer, you’ll know they can’t swim. If it were one of Harvard’s Robobees, however, it would be a different matter altogether.
The Robobee isn’t a new creation, but it has just picked up a new skill: using the same motion that it uses to fly in air, it can now push itself forward through water too. It simply ducks under the surface and then slows its pace, flapping its wings at a rate of 9Hz instead of 120Hz.
Philips Hue smart lights can now be controlled via Siri (Mashable)
“Siri, dim the table lamp to 30%."
Philips Hue lighting is now a part of the Apple's growing HomeKit system, so you can use Siri to control the lights in the house. And with phrases like the one above, you can get incredibly specific with how you want the lighting to feel.
Health and Life Sciences
Nobel Prize for parasitic disease work (BBC)
The Nobel Prize for physiology or medicine has been split two ways for groundbreaking work on parasitic diseases.
William C Campbell and Satoshimura found a new way of tackling infections caused by roundworm parasites.
Life on the Home Planet
Glow-In-Dark Livestock: A Measure to Cut Road Deaths (PSFK)
There has long been talk of mysterious beasts haunting the great moors of south-west England. But night-time travellers on Dartmoor should now look out for a very odd creature indeed – a glow-in-the dark pony.
The greenest island in the world? (BBC)
The smallest and most isolated of the Canary Islands, El Hierro, has a way of combining hydro and wind power that may allow it, one day, to get all its energy from renewable sources. In August it went for two hours without using its diesel power station at all – but this could be the start of a bigger green transformation.
