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Futures Sink To Session Lows, Europe Slides Following Chinese RRR Hike Confusion, Brexit Concerns

Not even this morning's mandatory European open ramp has been able to push US equity futures higher, and as a result moments ago the E-mini hit session lows on rising concerns about Brexit as talks drag on in Brussles, but mostly as a result of overnight confusion about China's loan explosion and whether the PBOC has lost control over its maniacally-lending banks.

Frontrunning: February 18

  • Oil extends rally towards $35 after Iran welcomes output freeze (Reuters)
  • Overproduction Swamps Smaller Chinese Cities, Revealing Depth of Crisis (WSJ)
  • House Flipping Is Making a Comeback in Las Vegas (BBG)
  • Trump leads Republican field nationally by more than 20 points (Reuters)
  • Turkey blames Kurdish militants for Ankara bomb, vows response in Syria and Iraq (Reuters)
  • Brexit nerves knock FTSE as oil rally cools (Reuters)
  • Fed’s Kashkari: 25% Capital Requirement May Be Right for Banks (WSJ)

US And UK Issue Nuclear Attack Messages To Broadcasters

Both the US and UK governments have issued new public warnings about a possible nuclear war, issuing various TV broadcasters new warning messages to play to the public in the event of an attack.  The alerts, labelled “Nuclear Attack Emergency Alert System Messages!”, are designed to prepare the public in the event of a massive nuclear attack and the radioactive fallout.

RAF Typhoons Intercept Two Russian Bombers Heading For UK

RAF Typhoon jets were scrambled on Wednesday to intercept two Russian Tu-160 Blackjack bombers heading towards UK airspace. The Telegraph reports: The Typhoon jets were dispatched from RAF Coningsby in Lincolnshire on Wednesday afternoon following the security alert. An RAF spokesman said the situation was “on-going” and was not uncommon. He said: “We have Typhoons up on a quick reaction alert. The situation is on-going.” It is believed the aircraft are with the Long Range Aviation branch of the Russian military. They have never penetrated UK airspace.

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