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Feb 9, 2016

GATA | THE GATA DISPATCH - February 9, 2016: EU Probes Suspected Rigging of $1.5-Trillion Debt Market

Submitted by cpowell on  Tuesday, February 9, 2016.  Jim Brunsden
Financial Times, London
Tuesday, February 9, 2016

BRUSSELS, Belgium -- European regulators have opened a preliminary cartel investigation into possible manipulation of the $1.5 trillion government-sponsored bond market, in the latest efforts to root out rigging involving financial traders.

The Guardian | World | Espionage - February 9, 2016: Draft Snooper's Charter "Fails on Spying Powers and Privacy Protection" by Alan Travis.

Alan Travis
Theresa May’s draft “snooper’s charter” bill fails to cover all the intrusive spying powers of the security agencies and lacks clarity in its privacy protections, a parliamentary committee has said.
The intelligence and security committee said the draft legislation published by the home secretary suffered from a lack of sufficient time and preparation. It was evident that even those working on the legislation had not always been clear about what it was intended to achieve, it said.

The Guardian | World Australia | Australia Politics - February 9, 2016: Closing the Gap Progress Has been "Mixed, Says Malcolm Turnbull.
Daniel Hurst
We have to be agile and we have to allow for new approaches. This will enable us to continue to build the evidence base where it doesn’t yet exist. It’s equally important we listen to Aboriginal and Torres Strait Islander people when they tell us what it working and what needs to change.

WSJ | Forex Closing on February 9, 2016.

The Wall Street Journal Forex Closing
Major Currencies
Tuesday, February 9, 2016

WSJ | Major Indexes Closing on February 9, 2016.

The Wall Street Journal Major Indexes Closing
Major Indexes 5:45 p.m. EST 02/09/16

WSJ | Most Actives Closing on February 9, 2016.

The Wall Street Journal Most Actives Closing
Most Active Stocks by Volume
4:31 pm ET 02/09/2016

WSJ | Biggest Gainers Closing on February 9, 2016.

The Wall Street Journal Biggest Gainers Closing
Biggest Gainers
4:31 pm ET 02/09/2016

WSJ | Biggest Decliners Closing on February 9, 2016.

The Wall Street Journal Biggest Decliners Closing
Biggest Decliners
4:31 pm ET 02/09/2016

Wall Street at Close Report on February 9, 2016, by CNBC: Stocks End Mostly Flat, in Choppy Tade.

Fred Imbert
U.S. equities closed near the flatline Tuesday after a choppy trading session, as U.S. oil prices seesawed and investors looked ahead to Fed Chair Janet Yellen's testimony.
"I think we're seeing buying on the dips; people looking long-term are seeing more value, but at the same time people are a bit cautious ahead of the Fed," said Kate Warne, investment strategist at Edward Jones.

FTC Press Release - February 9, 2016: FTC Submits Fiscal Year 2017 Budget Request, Performance Plan, and Fiscal Year 2015 Performance Report to Congress.

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The Federal Trade Commission has submitted to Congress its Fiscal Year 2017 budget request, which includes the FY 2017 Budget Overview Statement, Performance Plan for FY 2016 and FY 2017, and Performance Report for FY 2015, as required under the Government Performance and Results and Modernization Act of 2010. The FTC’s formal budget request was submitted to Congress on February 9, 2016, in support of the President’s FY 2017 budget for the federal government.
The Commission vote to submit the budget request, performance plan, and performance report to Congress was 4-0. (FTC File No P859900; the staff contact James Hale, Financial Management Office, 202-326-2385.)
The Federal Trade Commission works to promote competition, and protect and educate consumers. You can learn more about consumer topics and file a consumer complaint online or by calling 1-877-FTC-HELP (382-4357).  Like the FTC on Facebook, follow us on Twitter, read our blogs and subscribe to press releases for the latest FTC news and resources.

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Betsy Lordan
Office of Public Affairs
More news from the FTC >>

CMI Spot Prices as of Close of Trading in New York on February 9, 2016.

CMI Gold & Sliver

Spot Prices as of traditional New York closing times

Tuesday, February 09, 2016


FTC Press Release - February 9, 2016: FTC Approves Final Order Preserving Competition in Three Pennsylvania Terminal Markets for Light Petroleum Products

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Following a public comment period, the Federal Trade Commission has approved a final order settling charges that energy investor ArcLight Energy Partners Fund VI, L.P.’s acquisition of Gulf Oil Limited Partnership from its parent company, Cumberland Farms, Inc., would likely be anticompetitive.

European Markets at Close Report - February 9, 2016: Europe Ends Sharply Lower; Miners, Banks Feel the Heat
Alexandra Gibbs, Arjun Kharpal, Holly Ellyatt
European stocks slid to close sharply lower as investors remained pessimistic on global economic growth prospects.
The pan-European STOXX 600 came off session lows, but closed down 1.5 percent provisionally, with most sectors finishing lower.
The DAX was slipped to close 0.8 percent lower, after December German industrial output fell 1.2 percent month-on-month, according to the country's Economy Ministry. London's FTSE was off 0.8 percent, while France's CAC 40 ended down 1.5 percent.
The pan-European FTSEurofirst 300, which slumped 3.4 percent on Monday, traded down as much as 2.1 percent during Tuesday's session, its lowest level since September 2013. it closed 1.4 percent down.


FTSE FTSE 100 Index 5635.04
-54.32 -0.95% 858288847
DAX DAX Index 8857.64
-121.72 -1.36% 127906199
CAC 40 CAC 40 Index 3984.42
-81.89 -2.01% 160549611
IBEX 35 IBEX 35 Idx 7902.70
-219.40 -2.70% 320796538
Monday's sharp sell-off in Europe and the U.S. drove negative sentiment in Asia on Tuesday, where stocks in Australia and Japan fell to close sharply lower. with the Nikkei 225 tumbling 5.4 percent.
As investors looked for cover in safe-haven assets, the yield on 10-year Japanese government bonds (JGB) fell into negative territory for the first time.
"The catalyst appeared to come from the European banking sector as screens flashed red across the board in scenes of total carnage, with equity markets selling off hard across the board over concerns about the future profitability of the whole sector, in an era where interest rates look set to go further into negative territory," Michael Hewson, chief market analyst at CMC Markets, said in a Tuesday note.
European stocks had seesawed in earlier trade, with analysts suggesting Tuesday's initial bounce was due to investors buying on the dip as the broader economy still looks healthy.

"You're getting the capital markets being buffeted from gales from all corners…to our mind, the world economy, the real economy looks in better shape than markets are telling us…that probably is telling us that those with strong constitution will want to add to their developed market equities in particular," William Hobbs, head of investment strategy for Europe at Barclays, told CNBC.
U.S. equities struggled for gains on Tuesday as investors eyed oil and looked ahead to Fed Chair Janet Yellen's testimony.

European banks remain under pressure

The banking sector was once again in focus for investors, with the sector off almost 3 percent. The chief executive of Swedish bank Swedbank is stepping down from his post with immediate effect. In a statement, the lender said that "it is time for new leadership and a new CEO who can take Swedbank to the next level". The news sent shares over 6 percent lower.
And the Italian banking sector, which has been plagued by concerns over bad loans, continued to come under pressure. Shares in Banca Popolare di Milano were off more than 5 percent, despite reporting a 24 percent rise in net profits last year. UBI Banca was also down 6 percent.
Deutsche Bank co-CEO John Cryan rushed to reassure investors on the bank's stability Tuesday, saying that it remained "absolutely rock-solid". Shares however slipped over 3 percent.

Miners hammered

The basic resources sector was the worst performer during Tuesday's session as a number of factors weighed on sentiment.
On Monday, Goldman Sachs cut its price forecast for a number of metals, blaming weak Chinese and global demand. In addition, Mark Cutifani, the boss of Anglo American, said that metal prices could fall further before recovering.
This, together with concerns over the health of the Chinese economy put pressure on mining stocks. Anglo American was one of Europe's worst performers, down over 10 percent, while Arcelormittal and Glencore were off over 9 and 7.5 percent respectively.
Oil prices were treading water on Tuesday, after the International Energy Agency cast doubt over oil's recovery, saying global oil demand growth was forecast to "ease back considerably" in 2016 to 1.2 million barrels a day. Brent crude was slightly lower around $32.50, while U.S. crude hovered below $30 a barrel.

Vestas wind surges

In the luxury space, Danish jeweler Pandora said it expected to see slower revenue growth in 2016. Shares tumbled over 6 percent as a result, despite the firm announcing a new share buyback programme for 2016.
Shares in Porsche were down 4 percent, after its chief executive said the carmaker was bracing for smaller profit gains in the future as Volkswagen's sports-car division steps up spending on models and facilities, according to Reuters.
Denmark's Vestas Wind surged over 7 percent, making it Europe's best performer, after posting fourth quarter revenue that beat analyst expectations and raised its dividend.

ESA | Monthly Wholesale Trade (December 2015) - February 9, 2016: December 2015 Wholesale Inventories were Down 0.1% From Revised November...

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December 2015 wholesale inventories were $582 billion, down 0.1 percent from the revised November level but up 1.9 percent from December 2014.  Sales were $440 billion, down 0.3 percent from the revised November level and down 4.5 percent from December 2014.

The Guardian | Business | Markets - Market Turmoil: FTSE 100Hits Three-Year Low as Rout Continues

Graeme Wearden

U.S. Stock Market Future Indications Update, by CNBC - February 9, 2016: Dow Futures Drop 150 as Oil, Growth Concerns Weigh by Katy Barnato
Katy Barnato
U.S. stock index futures fell on Tuesday amid a slew of earnings releases, while oil and global growth concerns weighed on investors.

Earnings due on Tuesday included Coca-Cola, Viacom, and Spirit Airlines. Investors will also eye Disney's earnings to ascertain the impact of "The Force Awakens" and the health of its cable bundle and theme park division.

Reuters | Business: Viacom's Quarterly Revenue Misses Estimates on Weak ad Sales.

By Jessica Toonkel and Anya George Tharakan
Viacom Inc (VIAB.O), the owner of MTV, Comedy Central, Nickelodeon and movie studio Paramount, reported a steeper-than-expected drop in quarterly revenue, hurt by lower advertising sales in the United States and few hit movie releases in the period.

NYT First Draft on Politics - February 9, 2016: New Hampshire Heads Out to Cast Its Vote by Maggi Haberman.

Tuesday, February 9, 2016

The New York Times »

The New York Times

Tuesday, February 9, 2016

Outside a campaign event for Gov. John R. Kasich of Ohio in Nashua, N.H., on Sunday.
Outside a campaign event for Gov. John R. Kasich of Ohio in Nashua, N.H., on Sunday. Joshua Bright for The New York Times
New Hampshire Heads Out to Cast Its Vote

GATA | THE GATA DISPATCH - February 9, 2016: Roman Manly: Jamuary Smash in London Silver Fix Arose From Broken Promises |

Submitted by cpowell on , February 9, 2016February 9, 2016

Gerald Celente - Trends in The News - "Economic Death Spiral": The Panic Is On . ( 02/5/16) - Originally Published on February 8, 2016.

Gerald Celente - Trends In The News - "Economic "Death Spiral": The Panic Is On!" - (2/5/16)

Trends Journal

Bloomberg View - February 9, 2016: Oregon Is the Picture of Economic Health.
Matthew A. Winkler
The biggest recent news from Oregon has nothing to do with the armed occupation of a federal wildlife refuge near the high-desert town of Burns. It's about the state's economic health, the most improved in the U.S. last year.

The Guardian | UK | Media - Briefing - February 9, 2016: Today's Media Story From The Paper

Today's media stories from the paper

Top story on MediaGuardian

DealBook Today's Top Headlines - February 9, 2016: Investor Nervousness Over Banking Giants | Roadblocks Between Wall Street and Washington | Chesapeake Energy Plagued by Plunging Shares.

Tuesday, February 9, 2016
INVESTOR NERVOUSNESS OVER BANKING GIANTS Worries about the world's biggest banks have already played out in the stock markets as their shares have plunged, but there are also ominous signs in markets used to bet on the creditworthiness of large financial firms, Peter Eavis reports in DealBook.

U.S. Stocks Markets Future Indications - February 9, 2015: Wall Street Scrabbles for Direction With one Eye on Yellen by Karla Mozee.
Carla Mozee
Janet Yellen, chairwoman of the U.S. Federal Reserve.
U.S. stock futures were volatile Tuesday, struggling to shake off a global selloff, as investors waited for jobs data for clues ahead of Federal Reserve chief Janet Yellen’s testimony this week.

Asian Markets at Close Report on February 9, 2016, by MarketWatch: Nikkei Skids 5% as Global Growth Anxiety Spreads.
Kosaku Narioka 
Japanese stocks fell more than 5% and the yield on the benchmark government bond dropped into negative territory for the first time, twin signs of a flight to safety that threatened to undermine the nation’s slow recovery under Prime Minister Shinzo Abe.