HALISTER1: U.S. ECO PREVIEW: Chicago Business Barometer Due in 5 Minutes

U.S. ECO PREVIEW: Chicago Business Barometer Due in 5 Minutes

(Bloomberg) -- MNI Chicago Business Barometer seen at 52 in Sept. vs. 51.5 in Aug. (forecast range 50 to 55); tracks sentiment of purchasing managers in manufacturing, construction, services.
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: Matt Levine's Money Stuff: Bank Worries and Foreign Bribes

Matt Levine's Money Stuff: Bank Worries and Foreign Bribes

Alert: HALISTER1
Source: BV (Bloomberg View)

Tickers
WFC US (Wells Fargo & Co)

People
Bridget Van Kralingen (International Business Machines Corp)
Daniel Och (OZ Management LP)
John Stumpf (Wells Fargo & Co)
Stuart Graham (Autonomous Research LLP)
William Baer (United States Department of Justice)

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UUID: 7947283

HALISTER1: U.S. ECO PREVIEW: Personal Income/Spending Due in 5 Minutes

U.S. ECO PREVIEW: Personal Income/Spending Due in 5 Minutes

(Bloomberg) -- Personal income seen rising 0.2% in Aug. after increasing 0.4% in July (forecast range +0.1% to +0.3%); tracks wages and salaries, investment and rental income, transfer payments.
  • Personal spending seen rising 0.1% in Aug. after increasing 0.3% in July (forecast range -0.1% to +0.4%); tracks spending on goods and services, is used to calculate GDP
  • Prior report showed disposable income adjusted for inflation rose 0.4% in July, most this year
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: iTraxx Snr Fins Breaking 105bps Fibonacci; Bull Cross on DMAs

iTraxx Snr Fins Breaking 105bps Fibonacci; Bull Cross on DMAs

(Bloomberg) -- iTraxx Europe Senior Financial CDS index now widening above the 105bps level, which capped it earlier in the week; moving-average crossover may signal further widening in credit spreads, Bloomberg technical analyst Sejul Gokal writes.
  • See live chart here
  • 21-DMA crossing above 55-DMA, which in late December 2015 and mid-May of this year heralded higher CDS levels in weeks ahead
    • Moreover, both DMA’s point upward, suggesting trend is up on CDS spreads
  • Resistance levels to watch: 112bps and 119bps
  • NOTE: Sejul Gokal is a technical strategist who writes for Bloomberg. The observations he makes are his own and are not intended as investment advice.
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283