Todays Markets

Bloomberg: Fear Gauge’s 58% Surge Leaves Stock Strategists Asking What Next
The VIX is stirring. After spending most of the summer below 15, the Cboe Volatility Index climbed as high as 18.38 on Monday, a level not reached since June 28. [more...]

Bloomberg: U.S. Yields Hit Seven-Year High; Asia Stocks Mixed: Markets Wrap
Ten-year U.S. Treasury yields hit a fresh seven-year high as they resumed trading after a holiday, posing a fresh test of investor appetites for riskier assets. Stocks in Asia were mixed, with China’s stock sell-off easing alongside a slump in Japanese shares. [more...]

Bloomberg: The World’s Longest Flight Will Have No Economy Seats
About six months after Qantas Airways Ltd. started a direct service from Perth to London, Singapore Airlines Ltd. is bringing back its 10,400-mile jump to New York on Oct. 11, pipping Qatar Airways’ Doha-Auckland route to reclaim the title of the world’s longest commercial flight. [more...]

Bloomberg: U.S. Stocks Reverse Losses as Tech Gets Beat Up: Markets Wrap
U.S. equities scrambled back from a steep early decline Monday as investors sought bargains in beaten-down utility stocks and consumer shares after a two-day swoon.  [more...]

Bloomberg: Google Drops Out of Pentagon's $10 Billion Cloud Competition
Alphabet Inc.’s Google has decided not to compete for the Pentagon’s cloud-computing contract valued at as much as $10 billion, saying the project may conflict with its corporate values. [more...]

Bloomberg: Ex-Bitmain Chip Designer Takes on Crypto's Mining Goliath
At Yang Zuoxing’s modest office a short drive from the prestigious Tsinghua University in Beijing, desks are strewn with cryptocurrency mining equipment and cots stand ready for engineers too exhausted to go home after marathon days at work. [more...]

Bloomberg: IMF Cuts Forecast for Global Growth as Trade War Takes Its Toll
The International Monetary Fund said the world economy is plateauing as the lender cut its growth forecast for the first time in more than two years, blaming escalating trade tensions and stresses in emerging markets. [more...]

Bloomberg: Morgan Stanley Says It Was Wrong About Treasury Yields, Scraps Call on Curve Flattening
Morgan Stanley has thrown in the towel on one of its high-profile predictions for 2018 -- a call that the U.S. Treasury yield curve from the two-year to the 30-year would flatten completely. [more...]

Bloomberg: Global Growth at Risk From $100 Oil Next Year, BofAML Says
If oil prices head above $100 a barrel, it could shave 0.2 percentage points from global economic growth next year -- but this hinges crucially on the dollar, according to Bank of America Merrill Lynch. [more...]

Reuters: Asia shares hit 17-month low, China lets yuan slip
Asian shares hit 17-month lows on Tuesday as China allowed its currency to slip past a psychological bulwark amid recent losses in domestic share markets, a shift that pressured other emerging currencies. [more...]

Reuters: Oil prices rise on signs that Iranian crude exports fall further
Oil prices rose on Tuesday as more evidence emerged that crude exports from Iran, OPEC’s third-largest producer, are declining in the run-up to the re-imposition of U.S. sanctions and as a hurricane moved across the Gulf of Mexico. [more...]

CNBC: British banks could benefit from US-China trade war: Barclays chairman
British lenders may stand to gain as Washington and Beijing go head to head over trade tariffs, according to one of the world's largest banks. [more...]

CNBC: Italy's stock market sell-off could force its populist politicians to change course
The start of this week witnessed yet another spike in Italian bond yields, as the country's coalition government continued to grapple with the details of its 2019 budget, and political leaders struggled anew to deliver a consistent message to investors who have grown increasingly concerned about the state's future spending and borrowing plans. [more...]