Today's Headlines

Bloomberg:

• Ukraine Cease-Fire Evaporates as Government Says 200 Rebels Dead. (video) Ukraine’s military said it killed as many as 200 rebels in an attack in Donetsk, inflicting the biggest blow from either side in the conflict in more than two months and removing pretense that a Sept. 5 truce is holding. Accusing Russia of sending dozens of tanks and other military vehicles across its border yesterday into separatist-held areas in eastern Ukraine, military spokesman Andriy Lysenko said Ukraine’s army was preparing for “an adequate reaction.” Lysenko said artillery strikes had killed the rebels and destroyed tanks and other armored vehicles after Ukrainian forces took fire at the Donetsk airport, where they have faced almost daily attacks. 

• Russia Signals Ruble Defense ‘Any Time’ Amid Currency Rout. Russia’s central bank said it’s ready to step in at any time to prop up the ruble as the world’s worst-performing currency over the past three months extended declines. The demand for dollars is creating conditions for risks to financial stability to emerge, the Bank of Russia in Moscow said in a statement on its website today. The monetary authority said it’s also ready to “use its other financial-market tools.” 

• German Industrial Production Rises Less Than Economists Forecast. German industrial production (GRIPIMOM) rebounded less than analysts forecast in September, signaling that Europe’s largest economy is struggling to recover. Production, adjusted for seasonal swings, rose 1.4 percent from August, when it contracted a revised 3.1 percent, the biggest decline since January 2009, the Economy Ministry in Berlin said today. Economists surveyed by Bloomberg News predicted a 2 percent increase in output. Production declined 0.4 percent in the third quarter. 

• European Stocks Decline, Erasing Gains, as Banks Retreat. European stocks fell from a five-week high, posting a weekly drop, as bank shares slumped amid signs the region’s common supervisor is tightening scrutiny. The Stoxx Europe 600 Index slid 0.5 percent to 335.25 at the close. Sixteen of the 19 industry groups on the benchmark gauge dropped, led by technology companies and Greek banks.

• Gold Climbs Most Since June as U.S. Jobs Trail Forecast. Gold futures headed for the biggest gain since June after U.S. employers added fewer jobs than forecast last month, reviving demand for a haven. Trading in New York was more than double the 100-day average for this time of day, data compiled by Bloomberg show.

• Obama to Move on Immigration Even With Warning, Aide Says. President Barack Obama won’t scale back plans for unilateral action on immigration and will press forward with his agenda even as Republican leaders warned of a poisoned relationship, a top aide said today. “We’re going to do what we think is best for the country,” senior Obama adviser Dan Pfeiffer told reporters and editors at a Bloomberg breakfast in Washington. “If they have disagreements about the things we do, they have the capacity to legislate.”

• Treasuries Rise as Dollar Falls on Payrolls Report. Treasuries climbed with gold while the dollar slid as weaker-than-forecast payrolls data spurred speculation the Federal Reserve will keep interest rates low for longer. U.S. stocks fluctuated near record levels while European equities slumped. The yield on 10-year Treasuries fell 6 basis points to 2.33 percent at 1:27 p.m. in New York. The Bloomberg Dollar Spot Index slid 0.5 percent.

• Iron Ore Has Biggest Weekly Loss Since May on Supply Glut. Iron ore capped the biggest weekly decline in more than five months amid expanding global surplus, with Vale SA’s opening of a port in Malaysia highlighting rising supplies and investments by the world’s largest shippers.

ZeroHedge:

• Why Matt Taibbi Thinks This Woman Is JPMorgan's "Worst Nightmare".

• Obama's Week Just Got Worse: Supreme Court To Rule On ObamaCare Subsidies.

• Meet The (First) Seven Banks Who Rigged The FX Market.

• "It's Different This Time" Japanese Stock Market Swing Is Fastest Ever.

• Yellen Supports Draghi's QE, Warns Of Heightened Volatility.

• America Will Soon Have More Waiters And Bartenders Than Manufacturing Workers. (graph)

• The Petrodollar Dominoes: How The Strong Dollar Is Slamming Oil Exporters (And Other BRICs). (graph)

• US Adds 214K Jobs In October, Below Expectations, Unemployment Rate Drops To 5.8%.

Business Insider:

• That Colossal Miscalculation Of Obama's Letter To Iran's Supreme Leader.

• A Disease Doctors Call A 'Silent Killer' Is Spread By Bugs That Bite Your Face In The Night — And It's Emerging In The US. The Washington Post reports that health officials found 17 Houston residents who had been infected with Chagas, a disease native to Latin America that is spread to humans through contact with the parasitic triatomine bug, or so-called kissing bug.

• Obamacare Is Headed For Another Supreme Court Showdown, And It Puts The Law In 'Dangerous Territory'.

• Russia Is Facing A 'Full-Blown Currency Crisis'.

• Russian Tanks Are Rolling Into Ukraine Again ...