HALISTER1: Guatemala Police Seek Bank Directors for Money Laundering: AGN

Guatemala Police Seek Bank Directors for Money Laundering: AGN

(Bloomberg) -- Guatemalan authorities performed raids this morning searching for members of the board of directors of Banco de los Trabajadores, who are wanted in connection with an alleged money laundering case, Attorney General spokeswoman Jula Barrera said, according to state-run news agency AGN
  • Five people have been arrested so far: AGN
  • Banco de los Trabajadores didn’t immediately reply to e-mail and phone calls for comments
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: FOMC Statement to Reassert View Data Is Sufficient for a Hike

FOMC Statement to Reassert View Data Is Sufficient for a Hike

(Bloomberg) -- One possible “hawkish surprise” that could emerge in FOMC’s Nov. 2 statement is explicit guidance about a December rate increase, Credit Suisse chief economist James Sweeney, others wrote in note Thursday.
  • Not expecting a rate move next week
  • In an “increasingly close call,” expect that Fed will not hike this year; Fed expected to stay “on hold” until 2Q 2017
  • In next week’s statement, Fed likely to reiterate characterization of economic conditions, note continued moderate expansion and additional increases in labor utilization; also should maintain view that risks to outlook are “roughly balanced”
  • Fed presidents George, Mester, Rosengren seen dissenting again
  • Oct. non-farm payrolls should “edge higher”
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
James Sweeney (Credit Suisse Group AG)

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UUID: 7947283

HALISTER1: U.S. ECO PREVIEW: U of Michigan Consumer Sentiment Due in 5 Min.

U.S. ECO PREVIEW: U of Michigan Consumer Sentiment Due in 5 Min.

(Bloomberg) -- University of Michigan consumer sentiment index seen at 88.2 in final Oct. report vs preliminary 87.9 (forecast range 87 to 92.5); based on random sample of households.
  • Sept. index was 91.2
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
8810Z US (University of Michigan)

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UUID: 7947283

HALISTER1: What Bubble? Buy Junk Bonds, Says $1 Trillion Prudential Arm (2)

What Bubble? Buy Junk Bonds, Says $1 Trillion Prudential Arm (2)

Alert: HALISTER1
Source: BN (Bloomberg News)

Tickers
PRU US (Prudential Financial Inc)

People
Michael Lillard (Prudential Financial Inc)
Alan Greenspan (Greenspan Assoc)
Christopher Flanagan (Bank of America Corp)
Jeffrey Gundlach (Doubleline Capital LP)
Seth Masters (Bernstein Global Wealth Management)

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UUID: 7947283

HALISTER1: BRL More Exposed to EMFX Mood as Repatriation Nears End: Mapfre

BRL More Exposed to EMFX Mood as Repatriation Nears End: Mapfre

(Bloomberg) -- With deadline to pay repatriation law’s fees and taxes on Oct. 31, BRL may now more closely track peers with U.S. rates seen rising by year-end, Luis Afonso Lima, economist at Mapfre Investimentos e Participacoes, says in a phone interview.
  • Effect of repatriation, which helped real to outperform its peers until recent days, is passing
    • BRL may follow other EM currencies impacted by increasing bets of Fed rate hike in December
    • “The BRL has already gained so much,” says Lima, who forecasts 3.20/USD for 2016-end
  • Brazil activity is still weak; external account data show some signs of worsening trend
    • BCB may speed up rate cut pace to 50bps from 25bps for Nov. 30 decision
    • Narrowing gap between local and external rates may help to support USD against BRL
    • While repatriation revenue may help Brazil to achieve fiscal target in 2016 and Temer has shown surprising success on spending cap votes, other reforms, such as social security, are much more challenging
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Luis Fernandes Lima (Mapfre Investimentos e Participacoes SA)

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UUID: 7947283