RUSSIA: Kremlin-Finland Has Chosen Path Of Confrontation, It's A Big Mistake

Nov-17 14:42

Wires reporting comments from Kremlin spox Dmitri Peskov regarding Finland closing four border crossings with Russia. State-run TASS reports Peskov saying that Finland is choosing a path of confrontation with Russia, which he labels a "big mistake". As MNI's Political Risk team noted in a 16 Nov bullet, the Finnish gov't is set to close four of the nine border crossings with Russia from midnight on 17 Nov amid what Helsinki has claimed is an organised attempt by Russian authorities to funnel asylum seekers to the Finnish border. The gov't of PM Petteri Orpo claims that the efforts are in response to Finland's accession to NATO and closer defence cooperation with the US.

  • The situation would appear to mimic that on the Belarusian-Polish border in the summer, where Warsaw and the EU accused President Alexander Lukashenko of seeking to destabilise the bloc by funneling migrants towards the frontier.
  • TASS reports Russian Foreign Minsitry spox Maria Zakharova dismissing Finland's allegations, stating “such claims are absolutely groundless.” TASS: "She emphasized that Finland’s decision to close border crossings on the border with Russia creates new dividing lines in Europe and that Moscow’s response to these actions will be worked out in an interdepartmental format."

Historical bullets

US TSY FUTURES: Large 2s/5s Steepener

Oct-18 14:37

Large block trade, suggest a steepener:

  • TUZ3 29.7k bought at 101.02+.
  • FVZ3 27.6ksold at 104.07.

EQUITIES: Brief Upticks On Biden Comments Fade

Oct-18 14:33

Brief and limited risk-positive flows were seen in e-minis on the back of comments from President Biden, who pointed to support for a two-state Israel-Palestine solution, while noting that there is an agreement with Israel to allow the flow of humanitarian aid to Gaza from Egypt. Still, these aren’t major needle movers for the Israeli-Hamas conflict and unwind quickly.

US EIA: CRUDE OIL STOCKS EX SPR -4.49M TO 419.7M OCT 13 WK

Oct-18 14:30



  • US EIA: CRUDE OIL STOCKS EX SPR -4.49M TO 419.7M OCT 13 WK
  • US EIA: DISTILLATE STOCKS -3.18M TO 113.8M IN OCT 13 WK
  • US EIA: GASOLINE STOCKS -2.37M TO 223.3M IN OCT 13 WK
  • US EIA: CUSHING STOCKS -0.76M TO 21.0M BARRELS IN OCT 13 WK
  • US EIA: SPR +0M TO 351.3M BARRELS IN OCT 13 WK
  • US EIA: REFINERY UTILIZATION WEEK CHANGE +0.4% TO 86.1% IN OCT 13 WK