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Tuesday, September 30

30th Sep - USD goes the distance

Previously on MoreLiver’s:

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Who likes European bonds?FT
Even though European banks were endangered by their significant holdings of sovereign debt, their portfolios were relatively less exposed compared to pensions, insurers, and foreigners.

The leaked Juncker decision on MoscoviciFT

Nothing to see at Santander, move along nowFT
Palace Revolt in Eurozone’s Largest BankWolf Street

Russian Roulette, reloaded – Bruegel
Merkel Evokes Cold War in Warning of Long Ukraine Crisis – BB
Russian Gas Supplies To Europe Plunge 15%, Ukraine Transit Slashed 54% - ZH
Russia Weighs Capital Controls in Case Net Outflows Intensify – BB
Russia Loan Market Shut Down by Sanctions Squeeze Funding – BB

ECB Faces Inflation Expectations TestWSJ

ECB previewDanske Bank
Draghi will reveal details on ABS and covered bond programmes

Base Effects Give ECB More Food for ThoughtWSJ

Euro area annual inflation down to 0.3% - Eurostat
Euro zone inflation slows in September as expected – Reuters
Euro Inflation at Five-Year Low Primes ECB for Deflation Debate – BB
Euro core inflation surprises to the downside – Danske Bank
Eurozone Inflation Drops To Fresh 5 Year Low, EURUSD Tumbles – ZH

U.K. Economy Expands 0.9% as Strength of Recovery Revised Up – BB
U.K. Consumer Confidence in Stasis as Recovery Impact Hits Limit – BB
U.K. Home Prices Post First Drop in 17 Months as Outlook Clouds – BB
Euro area unemployment rate at 11.5% - Eurostat
German Unemployment Unexpectedly Rises as Risks Increase – BB

Monitor - US labour marketDanske Bank
Job growth to make a rebound

Long-Term Jobless Perfectly Employable, New Report Finds WSJ

Summers: U.S. Should Gradually Shift to More Short-Term DebtWSJ

U.S. consumer confidence falls in September – Reuters
Consumer Confidence Plunges, Biggest Miss Since Jan 2012 – ZH
U.S. home prices rise less than expected in July: S&P/Case-Shiller – Reuters

BOJ Officials, Markets Differ Over Two-Year Time Frame – WSJ
Rising Inventories Hamper Japan Recovery – WSJ
Japan’s Anemic Production Data: Economists React – WSJ
Japan’s Output Unexpectedly Slumps as Retail Sales Rise – BB
BOJ Beat: Officials’ Confidence Shaken By Bad Numbers – WSJ

Australia’s Options as It Seeks to Douse House Prices – WSJ

China's Hong Kong Crisis – View / BB
The Hong Kong Protests: What You Should Know – NYT
China’s biggest political challenge since Tiananmen in 1989 – FT
What Hong Kong Means for the Global Economy – View / BB
A Look at Just How Much China’s Housing Downturn Could Hurt GDP – WSJ
China Factory Gauge Falls From Initial ReadingBB
China tries to avert property doom with new policies – FT

Daily MacroWSJ
The data from around the world Tuesday provided fresh reminders that although the U.S. is growing, the headwinds from other major economies are significant...The combined impact of this weak Asian and eurozone performance is enough to offset the signs of sputtering growth in the U.S.

Daily Central BanksWSJ
Hilsenrath’s Take: Report Points to Downsides of Fed’s Consensus Culture * Fed Rate Policies Aid Foreign Banks * Fed Questions Bank Maneuver to Reduce Hedge Funds’ Dividend Taxes * Annual Rate of Inflation in Eurozone Falls to Five-Year Low * Reserve Bank of India Leaves Lending Rate Steady

Disappointing Euro Area and Japanese Data Underpin GreenbackMarc to Market

Trade and the Impact of the Stronger DollarMarc to Market

FX trends in 2014, drawn and quarteredTradingFloor
Today, we look back at the third quarter of 2014 and its developments and trends. The goal, of course, is to be as informed as possible regarding developed market forex trading into the fourth quarter. In the first of a two-part post, we look at the long-term pressures surrounding key markets and currencies.

European Stocks: Multi-year charts for Q4 perspectiveTradingFloor
The year-to-date movements have largely taken place in a defined sideways range, i.e. in consolidation phases. At the margin, this keeps large cap European indices in constructive patterns that could lead to a year-end rally.

Prime Minister Alexander Stubb: European policy towards RussiaVNK
Suomen turvallisuuspolitiikka on puhdasta lillerilallerisoitumista – IS

Tuomioja revittelee päiväkirjoissaan: tylyä tekstiä Ahtisaaresta – IS
Tuomioja tyrmistyi Lipposen valinnasta – IS

Iiro Viinanen kritisoi Kataisen ja Stubbin hallituksia päätösten lykkäämisestä – YLE

Eikö meidän siis pitänyt osata nämä Venäjä-jutut?TalSa
”Oi niitä aikoja”, lauletaan vanhassa venäläisiskelmässä. Muistatteko vielä lupaavat kasvumarkkinat ja Venäjä-delegaatiot? Nyt markkina hiipuu ja Venäjä kyykyttää länsiyhtiöitä. Eikö Suomi osannutkaan lukea naapurimaataan?

Viinanen haukkuu kokoomushallituksen: "Suomessa eletään taas kuin pellossa"IL

Onko vika todella valuuttakurssissa?Hannu Visti

Suurten yritysten liikevaihto elokuussa -3,2% YoY – Tilastokeskus
Sosiaaliturvarahastojen varat ylittivät 170 miljardia euroa 2014 Q2 – Tilastokeskus
Julkisyhteisöjen velka kasvoi 3 miljardia euroa vuoden 2014 Q2 – Tilastokeskus
Kotitalouksien velkaantumisaste 119,5 prosenttia 2014 Q2 – Tilastokeskus