News headlines 

Dollar Rebounds as FOMC Meeting Makes Case for Profit Taking (Bloomberg) The Bloomberg Dollar Spot Index rose for the first time in three days, with higher Treasury yields lending support to the currency as investors’ focus turns to the Federal Reserve meeting that begins on Tuesday.

The Bank of Japan just showed how dull the country’s economy is right now (Business Insider) The Bank of Japan (BoJ) produced few surprises at its September monetary policy meeting, keeping interest rates, asset purchases and its assessment on the Japanese economy unchanged from July.

What Google Wants With HTC’s Smartphone Business (WSJ) Google’s $1.1 billion deal with HTC carries risks, but the internet giant needs more scale if it is to maintain its influence in the smartphone business. If nothing else, Google’s deal with HTC should settle the question of whether it is serious about making its own phones.

From Russia with fuel – North Korean ships may be undermining sanctions (Reuters) At least eight North Korean ships that left Russia with a cargo of fuel this year headed for their homeland despite declaring other destinations, a ploy that U.S. officials say is often used to undermine sanctions. Reuters has no evidence of wrongdoing by the vessels, whose movements were recorded in Reuters ship-tracking data. Changing a ship’s destination once underway is not forbidden and it is unclear whether any of the ships unloaded fuel in North Korea.

Overnight markets 

Overview: US 10yr note futures are up 0.112% at 125-25, S&P 500 futures are down -0.05% at 2504, Crude oil futures are down -0.99% at $50.19, Gold futures are down -1.58% at $1295.6, DXY is down -0.07% at 92.439, CAD/USD is up 0.27% at 0.8093.

US Economic Data

9:45 AM Bloomberg Consumer, Sept 17 (prior 51.9)
Bloomberg Economic, Sept (prior 54)
10:00 AM Leading Index, Aug, est. 0.3% (prior 0.3%)
12:00 PM Household Change in Net worth, 2Q (prior $2347b)

Canadian Economic Data

There is no economic data scheduled for today.


Disclosure and Disclaimer

The following sources of information have been, or may have been, used partially or in their entirety to compile the herein provided CTI Capital Securities Inc. (“CTI Capital”) ‘Morning Comments.’ CTI Capital believes these sources to be generally reliable, however, as said sources are varied and from third parties, CTI Capital cannot guarantee the accuracy or completeness of said information: Canadian Press (CP); Bloomberg News (BN); Wall Street Journal (WSJ); Stone & McCarthy Research Associates (SMRA); New York Times (NYT); Financial Times (FT); Market News International (MNI); Globe and Mail; Associated Press (AP); CNW Group (CNW); Reuters; Business News Network (BNN); Market Watch; and others.

Ivan Greenstein, Stephan Buu

Institutional Bond and Equity Desk
CTI Capital Valeurs Mobilières Inc.

Tel : (514)-861-0240
Fax: (514)-861-3230