Random Market News, 29 August 2017

 

Market Info. 1

Logistics. 3

Tech. 3

Random.. 4

Events on 8/30 (ET) 5

 

 

Market Info

 

"Asian Stocks Rebound as North Korean Fears Abate: Markets Wrap."

https://www.bloomberg.com/news/articles/2017-08-29/asian-stocks-set-to-rebound-after-korea-fears-ease-markets-wrap

 

"The U.S. Housing Market: 10 Years after the Bubble.

While house price growth and demographic variables vary greatly across regional housing markets, national data points to continued expansion of the housing market, albeit at a slower pace than we saw immediately following the recession."

https://insight.factset.com/the-u.s.-housing-market-10-years-after-the-bubble

 

"Emerging Market Hedge Funds Reach Record Highs.

Investors committed more money to emerging market hedge funds than they withdrew for the first time since 2015 as improving market conditions spark investor interest across asset classes.

Capital managed by emerging market hedge funds rose to an all-time high for the fourth consecutive quarter at the end of June, increasing to $213.3 billion, according to hedge fund data firm HFR."

http://www.institutionalinvestor.com/article/3746312/asset-management-hedge-funds-and-alternatives/emerging-market-hedge-funds-reach-record-highs.html

 

"Baltics roundup: Nordea and DNB to merge operations.

Two Nordic financial services giants are to combine their Baltic operations within a new bank.

Nordea and DNB have agreed to create Luminor Bank AS. The merger includes the operations of Nordea Life & Pensions."

https://www.ipe.com/countries/cee/baltics-roundup-nordea-and-dnb-to-merge-operations/10020361.article

 

"B3 transfers equities clearing onto multi-asset platform.

The Brazilian exchange is in the process of consolidating its four original clearing houses into one."

https://globalinvestorgroup.com/articles/3688482/b3-transfers-equities-clearing-onto-multi-asset-platform

 

"Japanese trust banks automate post-trade processes with DTCC.

DTCC says Japanese clients continue to increase automation of trade matching and settlement processes."

https://www.globalcustodian.com/Custody/Japanese-trust-banks-automate-post-trade-processes-with-DTCC/

 

Data dump.

 

VIX ~11.70. 10-yr treasury volatility (TYVIX) ~4.19.

http://www.cboe.com/products/vix-index-volatility/volatility-on-interest-rates

 

Implied Fed rate hike/cut probability for September 20th is ~0.0%/2.7%, November 1st is ~1.9%/2.7%.

http://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html/

 

10yr Sovereigns.

https://www.investing.com/rates-bonds/government-bond-spreads

https://tradingeconomics.com/bonds

 

FX.

https://www.investing.com/currencies/streaming-forex-rates-majors

https://tradingeconomics.com/currencies

 

Equity.

https://www.investing.com/indices/major-indices

https://tradingeconomics.com/stocks

 

Commodities.

https://www.investing.com/commodities/real-time-futures

https://tradingeconomics.com/commodities

 

News feed.

 

"US Stocks Erase Losses

Wall Street tried to recover on Tuesday after opening sharply in the red as investors digest geopolitical tensions over North Korea. The Dow Jones added 19 points or 0.1% and the Nasdaq gained 14 points or 0.2% while the Nasdaq traded near the flatline around 1:05 PM NY time.

 

US House Prices Rise 5.7% YoY in June: Case-Shiller

The S&P CoreLogic Case-Shiller composite home price index of 20 metropolitan areas in the US rose 5.7 percent year-on-year in June of 2017, the same as in May and in line with market expectations. Prices increased the most in Seattle (13.4 percent), Portland (8.2 percent) and Dallas (7.7 percent). Meanwhile, the national index, covering all nine US census divisions went up 5.8 percent, following a 5.7 percent gain in the prior month.

14 hours ago

 

Euro Hits $1.20 for First Time Since January 2015

The euro rose 0.7% to $1.2061 around 9:30 AM London time on Tuesday, its highest level since January 2015, on the back of a weaker dollar as investors sought safe haven assets following a new missile launch by North Korea. The euro has been gaining since last week as investors remained upbeat on the Eurozone’s economy while the prospect of a US interest rate rise receded.

 

Turkish Economic Confidence Hits 5-Year High in August

The economic confidence index in Turkey increased to 106.0 in August 2017 from 103.4 in the previous month. It is the strongest figure since July of 2012, as sentiment improved among service providers (105.4 from 103.7 in July), retailers (108.5 from 107.3), constructors (88.3 from 85.5) and manufacturers (110.2 from 107.7). Meanwhile, confidence weakened among consumers (71.1 from 71.3).

 

Chinese Yuan Hits 14-month High

USDCNY decreased to a 14-month low of 6.5932.

 

Heating oil Hits 33-week High

Heating oil increased to a 33-week high of 1.6957 USD/Gal."

 

https://tradingeconomics.com/stream

http://www.marketwatch.com/newsviewer#

https://global.handelsblatt.com/

 

Logistics

 

"MOL, NYK, K Line to develop trade data sharing platform using blockchain.

Consortium also includes trade partners from banking, insurance, logistics and export/import sectors."

https://lloydslist.maritimeintelligence.informa.com/LL111092/MOL-NYK-K-Line-to-develop-trade-data-sharing-platform-using-blockchain

 

"Russian tanker sails through Arctic without icebreaker for first time.

The $300m (£233m) Christophe de Margerie carried a cargo of liquefied natural gas (LNG) from Hammerfest in Norway to Boryeong in South Korea in 19 days, about 30% quicker than the conventional southern shipping route through the Suez Canal.

The northern sea route between Siberia and the Pacific is still closed to conventional shipping for much of the year. But the Christophe de Margerie, the first of 15 such tankers expected to be built, extends the navigation window for the northern sea route from four months with an expensive icebreaker to all year round in a westerly direction."

https://www.theguardian.com/environment/2017/aug/24/russian-tanker-sails-arctic-without-icebreaker-first-time

http://www.ship-technology.com/projects/christophe-de-margerie-class-icebreaking-lng-carriers/

 

"ELD out-of-service enforcement to begin in April, citations and fines begin on Dec. 18 deadline."

http://www.ccjdigital.com/eld-out-of-service-enforcement-to-begin-in-april-citations-begin-on-dec-18-deadline/

 

"Forwarders respond to Rhine rail disruption challenge.

European groups have urgently put contingency plans in place to minimise delays to cargo from closure of key north-south intermodal corridor."

http://www.lloydsloadinglist.com/freight-directory/news/Forwarders-respond-to-Rhine-rail-disruption-challenge/70216.htm

 

"Tropical Storm Harvey’s impact on supply chain operations continues to be monitored.

It goes without saying that that tragic events and circumstances related to Tropical Storm Harvey are unprecedented in many ways, based on the extent of current damage and, sadly, a number of lost lives, as well as various forecasts and experts expecting things to worsen before they get better."

http://www.logisticsmgmt.com/article/tropical_storm_harveys_impact_on_supply_chain_operations_continues_to_be_mo

 

Tech

 

"How tech companies are helping Texans affected by Hurricane Harvey."

https://techcrunch.com/2017/08/29/tech-companies-harvey-houston-fundraising/

 

"When Disaster Strikes, Flying Cell Towers Could Aid Search and Rescue.

Base stations carried by drones would form an ad hoc network and connect first responders."

http://spectrum.ieee.org/telecom/wireless/when-disaster-strikes-flying-cell-towers-could-aid-search-and-rescue

 

"Where Major Chip Companies Are Investing In AI, AR/VR, And IoT.

Recent developments in the semiconductor industry have been sending mixed signals. Stories about Moore’s Law slowing have grown common, but analysts affirm that the latest crop of chips (specifically Intel’s newest 10-nanometer technology) prove Moore’s Law is still alive and well.

Meanwhile, the vast application of graphics hardware in AI has propelled GPU (graphics processing unit) maker NVIDIA into tech juggernaut status: the company’s shares were the best-performing stock over the past year."

https://www.cbinsights.com/research/chip-semiconductor-startup-investments/

 

"Kik raises $50 million ahead of token sale for its cryptocurrency Kin.

Kik, a chat app with a community of 50 million monthly active users, is one of the first major examples of a non-blockchain business going to blockchain to open up new opportunities.

The company plans to sell a trillion Kin tokens for $125 million, a Kik Interactive spokesperson told VentureBeat in a statement. Of that amount, $50 million has already been sold in a presale comprising 488 billion Kin tokens. Presale investors include Blockchain Capital, Pantera Capital, and Polychain Capital, all well-known blockchain-specific investment firms."

https://venturebeat.com/2017/08/29/kik-raises-50-million-ahead-of-token-sale-for-its-cryptocurrency-kin/

 

"Google, Apple face off over augmented reality technology.

Alphabet Inc's (GOOGL.O) Google on Wednesday unveiled tools to make augmented reality apps for mobile devices using the Android operating system, setting up its latest showdown with Apple Inc's (AAPL.O) iPhone over next-generation smartphone features."

http://www.reuters.com/article/us-google-apple-idUSKCN1BA001

 

"Official Tests Fail to Pick Up Majority of Doping Cases.

Doping is remarkably widespread among elite athletes, and remains largely unchecked despite the use of sophisticated biological testing methods...

The researchers conducted anonymous surveys among athletes competing at two major sports events in 2011. At least 30 to 45 percent of athletes at these events acknowledged that they had used banned doping substances or methods in the previous year.

Biological tests of blood and urine typically detect doping in only one to three percent of competitors at elite international competitions."

https://www.laboratoryequipment.com/news/2017/08/official-tests-fail-pick-majority-doping-cases

 

Startup/SME of the Day.

 

"Sunfolding.

Sunfolding reengineered solar tracking from the ground up, removing unreliable components and unnecessary costs. The Sunfolding T29 eliminates gearboxes, motors, bearings, and linkage hardware by using Sunfolding’s proprietary patented actuation system to provide your project with better reliability and a better ROI."

http://www.sunfolding.com/products

 

Random

 

"World's Largest Deadweight Machine.

The U.S. government built the million-pound stack of steel during the Space Race. 

It costs around $10,000 per pound to lift an object into space. With that kind of price tag, it’s important everything works on the first attempt. For any rocket launch to be a success, the force generated by the rocket has to be known and controllable, but with rockets routinely generating force measured in the Meganewtons, obtaining an accurate measurement is a herculean challenge."

http://www.atlasobscura.com/places/worlds-largest-deadweight-machine

 

Events on 8/30 (ET)

 

USA  US: Bank Reserve Settlement 

Switzerland  CH: UBS Consumption Index, 2:00 AM ET

Switzerland  CH: KOF Swiss Leading Indicator, 3:00 AM ET

Great Britain  GB: M4 Money Supply, 4:30 AM ET

European Union  EZ: EC Economic Sentiment, 5:00 AM ET

Italy  IT: PPI, 5:00 AM ET

USA  US: MBA Mortgage Applications, 7:00 AM ET

Germany  DE: CPI, 8:00 AM ET

USA  US: ADP Employment Report, 8:15 AM ET

USA  US: GDP, 8:30 AM ET

USA  US: Corporate Profits, 8:30 AM ET

USA  US: EIA Petroleum Status Report ,10:30 AM ET

USA  US: Farm Prices, 3:00 PM ET

Japan  JP: Industrial Production, 7:50 PM ET

China  CN: CFLP Manufacturing PMI, 9:00 PM ET

Australia  AU: Private New Capital Expenditure & Expected Expenditure, 9:30 PM ET

 

http://online.wsj.com/mdc/public/page/2_3063-globalEconomicCalendar.html

https://tradingeconomics.com/calendar (More complete listing, including consensus)