TUESDAY 9/13/16; China Economic Data; IEA Says Oil Glut Continues; US Stocks Selloff; 30-Year Bond Auction

Euro 1.1239. Dollar/yen 101.87. Pound 1.3337. Aussie dollar 0.7564. WTIC oil 46.07. Brent oil 48.32. Natty gas 2.90. Gold 1329. Silver 19.21. Copper 2.1030.

US futures are negative. S&P -3. Dow -24. Nasdaq -5. Australia is setting up for a strong start but the Nikkei Index futures point to a flat open.

Treasury yields are; 2-year 0.77%, 5-year 1.20%, 10-year 1.66%, 30-year 2.39%.

China Industrial Production is up +6.3% year-on-year versus the +6.2% expected. Retail Sales are 











[Text is Redacted: Purchase September 2016-09 to Read the Complete Chronology]

API Oil Inventories are a 1.4 million barrel build less than the 4 million expected. Last week was the huge withdraw due to Hurricane Hermine. Tankers could not dock to unload so inventories had to be drawn down. A big build was expected this week but it did not occur. Oil prices will rise. WTIC oil moves higher to 45.15.