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  • The AFR on a report from Australian Energy Market Operator warning of a significant risk of a gas shortage in eastern states over the next two years - And it could worsen AFR says Australian Prime Minster Malcolm Turnbull & Deputy PM briefing industry leaders in Sydney on Monday

    Australia press: Government set to pull the trigger on limiting gas exports within days

    The AFR on a report from Australian Energy Market Operator warning of a significant risk of a gas shortage in eastern states over the next two years - And it could worsen AFR says Australian Prime Minster Malcolm Turnbull & Deputy PM briefing industry leaders in Sydney on Monday
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  • BRAZIL: Ibovespa Falls For Second Day, Down For The Week Ibovespa, the benchmark stock index in Brazil, closed down for the second consecutive trading session (-0.8%), settling at 75,389.75 points Friday on profit-taking by investors after the index broke closing records in sequence earlier this month. The profit-taking was also triggered by the worsening external scenario, amid new tough talk between the United States and North Korea. As a result, Ibovespa lost 0.48% in the week. "It was a day of profit-taking. The Ibovespa still has a positive trend, but it took to correct," said Bruna Moura, an analyst at Toro Radar. Among the biggest declines in the Ibovespa today were mining and steel stocks, which had risen in recent weeks and still reflected heavy losses in iron ore prices in the past two days. Vale's shares (VALE3 -1.91%) fell almost 2%, while CSN shares (CSN3 -4.88%) and Gerdau shares (GGBR4 -2.60%) also suffered heavy losses. The locally traded U.S. dollar clos..

    BRAZIL: Ibovespa Falls For Second Day, Down For The Week

    BRAZIL: Ibovespa Falls For Second Day, Down For The Week Ibovespa, the benchmark stock index in Brazil, closed down for the second consecutive trading session (-0.8%), settling at 75,389.75 points Friday on profit-taking by investors after the index broke closing records in sequence earlier this month. The profit-taking was also triggered by the worsening external scenario, amid new tough talk between the United States and North Korea. As a result, Ibovespa lost 0.48% in the week. "It was a day of profit-taking. The Ibovespa still has a positive trend, but it took to correct," said Bruna Moura, an analyst at Toro Radar. Among the biggest declines in the Ibovespa today were mining and steel stocks, which had risen in recent weeks and still reflected heavy losses in iron ore prices in the past two days. Vale's shares (VALE3 -1.91%) fell almost 2%, while CSN shares (CSN3 -4.88%) and Gerdau shares (GGBR4 -2.60%) also suffered heavy losses. The locally traded U.S. dollar clos..
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  • I've posted on the NZ election results 9so far) and also on the German election Both have impacted on currencies this morning. Posts so far for background ICYMI:

    New Zealand election outcome uncertainty – the two key dates to watch

    I've posted on the NZ election results 9so far) and also on the German election Both have impacted on currencies this morning. Posts so far for background ICYMI:
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  • Pacific Alliance: Bloc Among Biggest Minerals Producer In The World - Minister The Pacific Alliance countries (Peru, Chile, Mexico and Colombia) are among the main mineral resources producers in the world, said the Peruvian energy and mines minister, Cayetana Aljov?n, in a speech. According to her, the Pacific Alliance is the world's leading producer of copper, silver and molybdenum. Peru and Chile account for 40% of copper's global production, she said. "If we add Mexico's share, it amounts to 43.4%, quadrupling Chinese production (8.9%)," the minister said. Regarding silver production, Mexico and Peru lead with 37.2% world production, while Chile ranks fourth, with 5.5%. "The Pacific Alliance would have a joint participation of 42.7%," she stated. Regarding molybdenum production, China is the sole main producer in the world, with a share of 38.7%. However, the Pacific Alliance countries combined produces 38.8% of molybdenum world production.

    Pacific Alliance: Bloc Among Biggest Minerals Producer In The World – Minister

    Pacific Alliance: Bloc Among Biggest Minerals Producer In The World - Minister The Pacific Alliance countries (Peru, Chile, Mexico and Colombia) are among the main mineral resources producers in the world, said the Peruvian energy and mines minister, Cayetana Aljov?n, in a speech. According to her, the Pacific Alliance is the world's leading producer of copper, silver and molybdenum. Peru and Chile account for 40% of copper's global production, she said. "If we add Mexico's share, it amounts to 43.4%, quadrupling Chinese production (8.9%)," the minister said. Regarding silver production, Mexico and Peru lead with 37.2% world production, while Chile ranks fourth, with 5.5%. "The Pacific Alliance would have a joint participation of 42.7%," she stated. Regarding molybdenum production, China is the sole main producer in the world, with a share of 38.7%. However, the Pacific Alliance countries combined produces 38.8% of molybdenum world production.
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  • Trade for the week ahead: Long USDCAD through options We continue to envision a tactical USD retracement as the prospects of a December Fed hike get better priced by markets.

    Barclays ‘trade of the week’ – they like USD/CAD

    Trade for the week ahead: Long USDCAD through options We continue to envision a tactical USD retracement as the prospects of a December Fed hike get better priced by markets.
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  • Here is Bloomberg's summary piece on the NZ election outcome It's a good run down of where we are at as of now. I had an earlier post here: From Bloomberg:

    More on the NZ election: “markets never like uncertainty”

    Here is Bloomberg's summary piece on the NZ election outcome It's a good run down of where we are at as of now. I had an earlier post here: From Bloomberg:
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  • NAFTA headlines via Reuters
  • Goodwood Revival may have ended over a week ago, but the 3-day event left us wanting more. One question on our lips is, "How do rare, 7 and 8-figure vintage race cars prepare for this straining track day?" The answer to avoiding nasty, incredibly expensive crashes is of course plenty of track preparation and testing. The Car LabYoutube channel posted a video on Monday showing the behind-the-scenes of historic races like Goodwood, where the participant vehicles are tested extensively. This particular session happened at the Dutch Zandvoort track, where multiple rare Ferraris and a few other vintage racers stretched their legs before the big race weekend. While Zandvoort recently acquired a tragic reputation, it's a handsome track that's perfect for these old cars' capabilities. The track is also home to the Historic Grand Prix, an event held at the beginning of September with a similar premise to Goodwood Revival, and one that these cars will also take part in. Watching..

    Watch These Vintage Ferraris Test Before Goodwood Revival

    Goodwood Revival may have ended over a week ago, but the 3-day event left us wanting more. One question on our lips is, "How do rare, 7 and 8-figure vintage race cars prepare for this straining track day?" The answer to avoiding nasty, incredibly expensive crashes is of course plenty of track preparation and testing. The Car LabYoutube channel posted a video on Monday showing the behind-the-scenes of historic races like Goodwood, where the participant vehicles are tested extensively. This particular session happened at the Dutch Zandvoort track, where multiple rare Ferraris and a few other vintage racers stretched their legs before the big race weekend. While Zandvoort recently acquired a tragic reputation, it's a handsome track that's perfect for these old cars' capabilities. The track is also home to the Historic Grand Prix, an event held at the beginning of September with a similar premise to Goodwood Revival, and one that these cars will also take part in. Watching..
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  • Lavrov says the US knows North Korea has nuclear weapons Russian foreign minister Lavrov at the United Nations on Friday called the war of words between the US and North Korea as a "kindergarden fight between children" and said a softer approach was needed.

    Russia’s Lavrov on why the US won’t attack North Korea

    Lavrov says the US knows North Korea has nuclear weapons Russian foreign minister Lavrov at the United Nations on Friday called the war of words between the US and North Korea as a "kindergarden fight between children" and said a softer approach was needed.
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