VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[sludgehound]

Saudi Tadawul Index 5 year h & others

I got UWTI -0.09 11.50 now. China has numbers soon tonight.
21:25 News Bot: Morgan Stanley says Saudi Arabia is unlikely to be in favour of an OPEC reduction as it sees its strategy on oil working
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http://www.bloomberg.com/news/articles/2015-10-18/u-a-e-stocks-advance-after-brent-crude-climbs-above-50

Equities in Saudi Arabia, OPEC’s biggest oil producer, led most Arab markets higher after global stocks rallied and Brent crude rose above $50 a barrel. Israeli stocks closed the highest in almost a month.
The Tadawul All Share Index climbed 1.2 percent to 7,792.62 at the close in Riyadh, led by a 2.7 percent increase in Saudi Basic Industries Corp., one of the world’s largest petrochemical producers, also known as Sabic. The correlation between the price of oil and Saudi stocks measured on a weekly basis was the strongest in five years. Dubai’s DFM General Index closed 0.3 percent higher and Abu Dhabi’s ADX General Index added 0.6 percent.
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Premier Li said that achieving China’s growth target of about 7% is ‘not easy’ and has urged financial sector reforms to support the economy. (BBG)
- China state researcher Yu Bin has called for expansion in infrastructure investment quicker implementation of projects to support the economy. (BBG)
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22:56 ET
Russia's real wages to show sluggish recovery as inflation backdrop stabilises

The labour market stance is set to remain intact vs a set of previous releases. The unemployment rate is struggling to remain flat at 5.4%, which corresponds to 5.6% in seasonally-adjusted terms. In terms of wages material revision of the wage bill is not anticipated  - unless oil prices rise higher than $50 per barrel of Brent on a consistent basis. In September the real income will be mainly driven by a marginal improvement in the inflation backdrop vs the first two months of Q3 15, so that the final printing of real wages are anticipated to be a little bit better at -9.5% yoy than that of August (-9.8% yoy)