Anxious global markets await U.S. election results

Understand, a chronic slow global economy with basically historic low to negative interest rates leads to global economic, social and political uncertainty, which, in turn, leads to redefining global alliances and resetting economic and political structures in country after country around the world.

Turkish President Recep Tayyip Erdogan continues to tighten his control of Turkey. On Nov. 4, 2016 Bloomberg’s  Benjamin Harvey reported in an article titled “Erdogan Crackdown Has Turkey on Edge as Kurd Leaders Jailed.”

“A Turkish court ordered the nation’s most prominent Kurdish lawmakers jailed, sharply escalating a crackdown by President Recep Tayyip Erdogan and sending markets tumbling over fears of renewed violence and a possible rupture with the West.

Selahattin Demirtas and Figen Yuksekdag, co-chairs of the Peoples’ Democratic Party, or HDP by its Turkish initials, were two of 11 members of parliament to be detained in overnight raids on Friday. Erdogan accuses the party of close links to separatist PKK rebels and in May, at the president’s request, parliament passed a law stripping HDP lawmakers of their immunity from prosecution, enabling them to be charged with terrorism-related offenses.

The sweep is part of an ever-widening purge of Erdogan’s opponents after a July 15 attempted coup. The government has sacked tens of thousands of civil servants for links to an Islamic movement led by U.S.-based cleric Fethullah Gulen, who the government says masterminded the failed putsch.

But the crackdown soon extended beyond the Gulen network, as more than 100,000 people were fired from their jobs, suspended or detained in the months following the botched putsch, including prominent journalists, activists and academics with no known connection to Gulen’s group.”

Continue reading at the following link: http://www.bloomberg.com/news/articles/2016-11-04/erdogan-s-crackdown-has-turkey-on-edge-as-kurdish-leaders-jailed

Global Economic, Social, and Political Uncertainty --- Yields Market Uncertainty

Understand, a chronic slow global economy with basically historic low to negative interest rates leads to global economic, social and political uncertainty, which, in turn, leads to redefining global alliances and resetting economic and political structures in country after country around the world.

In this case, Turkey’s growing alliance with Russia creates concerns and raises questions:

  • What is Turkey’s future relationship with the U.S.?
  • What is Turkey’s future relationship with Europe?
  • Will democracy be replaced with a dictatorship? Presently, is this good or bad?
  • Is NATO’s nuclear arsenal housed in Turkey at risk?
  • Will Turkey provide Russia with an open land route into Syria?
  • Will Turkey provide Russia with major military staging locations?
  • What is the impact on Middle East peace?
  • What is the impact on Europe’s future energy supply?
  • What are the near term impacts on the global energy markets in particular and markets in general?

The Syrian Catastrophe Explained, in this 3-minute video about Syrians being displaced from their homes, and outside forces getting involved. This QuickTake on the state of Syria looks at how the war unfolded, the players involved, and where the conflict is headed. http://www.bloomberg.com/news/videos/2016-10-31/the-syrian-catastrophe-explained-video

Charts Book Index – http://deltafarmpress.com/datasheet/market-price-considerations-long-awaited-week-beginning-nov-7

Weekly Charts and Accompanying Daily Charts

Chart 1. $UST10Y - 10-Year US Treasury Yield, Weekly Chart, September 2013 – Nov. 4, 2016

Chart 2. $UST10Y - 10-Year US Treasury Yield, Daily Chart, November 2014 – Nov. 4, 2016

Chart 3. Soybeans, Weekly Chart, September 2013 – Nov. 4, 2016

Chart 4. Soybeans, Daily Chart, May 2016 – Nov. 4, 2016

Chart 5. Corn, Weekly Chart, September 2013 – Nov. 4, 2016

Chart 6. Corn, Daily Chart, May 2016 – Nov. 4, 2016

Chart 7. Rice, Weekly Chart, October 2013 – Nov. 4, 2016

Chart 8. Rice, Daily Chart, February 2016 – Nov. 4, 2016

Chart 9. Cotton, Weekly Chart, September 2013 – Nov. 4, 2016

Chart 10. Cotton, Daily Chart, May 2016 – Nov. 4, 2016

Chart 11. Wheat, Weekly Chart, September 2013 – Nov. 4, 2016

Chart 12. Wheat, Daily Chart, May 2016 – Nov. 4, 2016

Chart 13. Copper, Weekly Chart, September 2013 – Nov. 4, 2016

Chart 14. Copper, Daily Chart, May 2016 – Nov. 4, 2016

Chart 15. $WTIC, Weekly Chart, September 2013 – Nov. 4, 2016

Chart 16. $WTIC, Daily Chart, May 2016 – Nov. 4, 2016

Chart 17. $CRB Reuters/Jefferies CRB Index, Weekly Chart, September 2013 – Nov. 4, 2016

Chart 18. $CRB Reuters/Jefferies CRB Index, Weekly Chart, September 2013 – Nov. 4, 2016

Chart 19. Power Shares US Dollar Index, Weekly Chart, September 2013 – Nov. 4, 2016

Chart 20. Power Shares US Dollar Index, Daily Chart, November 2014 – Nov. 4, 2016

Chart 21. Australian Dollar, Weekly Chart, September 2013 – Nov. 4, 2016

Chart 22. Australian Dollar, Daily Chart, November 2014 – Nov. 4, 2016

Chart 23. British Pound Sterling Trust, Weekly Chart, September 2013 – Nov. 4, 2016

Chart 24. British Pound Sterling Trust, Daily Chart, November 2014 – Nov. 4, 2016

Chart 25. Canadian Dollar, Weekly Chart, September 2013 – Nov. 4, 2016

Chart 26. Canadian Dollar, Daily Chart, November 2014 – Nov. 4, 2016

Chart 27. EURO Trust, Weekly Chart, September 2013 – Nov. 4, 2016

Chart 28. EURO Trust, Weekly Chart, November 2014 – Nov. 4, 2016

Chart 29. Japanese Yen Trust, Weekly Chart, September 2013 – Nov. 4, 2016

Chart 30. Japanese Yen Trust, Daily Chart, November 2014 – Nov. 4, 2016

Chart 31. SPDR S&P 500 ETF, Weekly Chart, September 2013 – Nov. 4, 2016

Chart 32. SPDR S&P 500 ETF, Daily Chart, November 2014 – Nov. 4, 2016

Chart 33. QQQ NASDAQ Power Shares, Weekly Chart, September 2013 – Nov. 4, 2016

Chart 34. QQQ NASDAQ Power Shares, Daily Chart, May 2016 – Nov. 4, 2016

Bobby Coats is a professor in the Department of Agricultural Economics and Agribusiness, Division of Agriculture, University of Arkansas System. E-mail: [email protected]

For more information, visit www.uaex.edu.

 

 

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