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EUROPE
David
Cameron floats ‘emergency brake’ on EU immigration – FT
David
Cameron may seek an “emergency brake” on jobseekers from other European Union
countries in at an attempt to tackle the threat of Ukip.
EU
Starts Two-Week Austerity Scrutiny as Crisis Returns – BB
The
European Union started a two- week probe of euro-area governments’ draft
budgets as a re- emergence of the bloc’s debt-crisis nightmare risked undoing
its economic recovery.
After a
two-year siesta, the euro zone is back in the financial markets' firing line
due to stagnating growth, low inflation, budget problems in France and Italy
and rising political risk in Greece, where the bloc's debt crisis began in
2009.
Greek
Bailout Exit Plan at Risk Amid Bond, Stock Selloff – BB
Greece’s plan to escape the shackles of
the biggest bailout in history is at risk of falling apart.
The
European Commission will work with Greece to ensure there is a smooth
evolution of support for the country after its current bailout program ends at
the end of this year, the Commission's spokesman Simon O'Connor said on
Thursday.
Greece’s government debt is back in the
spotlight and investors are looking for the exit.
The
Risks Behind Rising Eurozone Yields – WSJ
Is Europe’s sovereign debt market ringing
eurozone crisis alarm bells, or are investors generally merely recognizing
central banks haven’t quite eliminated all financial market risk?
Falling
prices, or very low inflation rates, do not deflation make.
EUROPEAN CENTRAL BANK
ECB
statistics: a brief overview – ECB
Bridging
tables between the accounting balance sheet items of the NCBS and the ECB and
the items to be reported for statistical purposes – ECB
MACRO NUMBERS
Euro area
international trade in goods surplus €9.2 bn – Eurostat
Euro area
annual inflation down to 0.3% - Eurostat
UNITED STATES
FEDERAL RESERVE
Raising
rates prematurely can leave an economy in worse shape than before.
Bullard
Says Fed Could Delay Planned End of Bond-Buying Program – WSJ
Bullard: FOMC
should consider “a pause on the taper” – FT
Fed Camps
Seen Coalescing as Market Turmoil Compels Flexibility – BB
With Stock
Prices Tumbling, Investors See Fed Pushing Back Rate Hikes – WSJ
QE4? – FT
QE4? Nah,
time to look elsewhere – FT
The real
problem with Fed policy – The
Money Illusion
MACRO NUMBERS
Industrial
Production Beats, Rises At Fastest Rate In 4 Years – ZH
Industrial
Production increased 1.0% in September – Calculated
Risk
NAHB:
Builder Confidence decreased to 54 in October – Calculated
Risk
Homebuilder
Confidence Plunges – Bespoke
ASIA
Since 2010,
Chinese investment has been increasing in European European countries that
needed to privatize quickly and at cheap price
BOJ to
stand pat even as inflation stalls, global markets tumble: sources – Reuters
Even as
growth and deflation fears roil global markets and weak data casts a shadow
over Japan's economy, the Bank of Japan appears set to
resist pressure for more stimulus measures or to accept that its inflation
target is unrealistically high.
OTHER
Mounting deflation
fears are partly behind recent selloffs in a wide range of assets across a
large part of the world. Europe is the main focus of those concerns, and
figures released Thursday by the European Union’s statistics agency show why:
the annual rate of inflation across the 28-member bloc–18 of which use the
euro, 10 of which do not–fell to 0.4% in September, a five year low. Eight of
the bloc’s members had prices that were lower than in the same month of 2013,
five within the eurozone, three without.
Daily
Macro – WSJ
Wall Street
shares might have finished well above Wednesday’s lows, but European equities
took little comfort as they were hit by a fresh round of selling from early on…in
realm of more realistic, actual risks, global deflation is rearing its ugly
head. Concerns about that threat were reinforced Thursday by a weak eurozone
inflation print for September. At the same time, peripheral eurozone sovereign
bond yields started to rocket again – those on Greek 10-year bonds shot up a
full percentage point in early trade to 8.8% from 6.6% a couple of weeks ago –
reminding investors that the single currency region’s troubles are far from
over.
The
Storm Continues, Dollar Stabilizes – Marc
to Market
European
Markets Hammered Again: What Investors Think – WSJ
Could
the liquidity crisis be back? – FT
Oh No! The
Dow Went Negative This Year! – The
Reformed Broker
You can
safely say “so what, happens almost every year,” the next time you hear someone
fussing over the Dow going negative. It says absolutely nothing about what’s to
come this year or next.
FINNISH
TNS Gallupin
puoluebarometri
Kansan mielestä hallitus ja oppositio onnistuneet liki yhtä
huonosti – Verkkouutiset
Opposition kannattajat haluavat näpäyttää – Verkkouutiset
Kysely: Hallituksen arvosana alhaisin sitten lamavuosien – YLE
Puoluebarometri: Stubbin hallitusta huonompi vain Ahon
hallitus – MTV
Puoluebarometri: Stubbin hallitukselle murska-arvio – IL
EU-jäsenyys puhuttaa yhä – 20 vuotta kansanäänestyksen
jälkeen – YLE
20 vuotta sitten Euroopan Unioni kiinnosti taloudellisista
syistä. Nyt veto tuntuu olevan toiseen suuntaan: kesäkuun vaaleissa
eurokriittisiä edustajia nousi EU-parlamenttiin monesta jäsenmaasta.
Toimeentulotuen menot kasvavat rajusti Helsingissä – HS
Helsingin toimeentulomenot asukasta kohden ovat yli
kaksinkertaiset Turkuun verrattuna
Maahanmuuttajat rikosten uhreina ja tekijöinä – Jaakko
Häkkinen / US
Poliittinen riski Suomessa – Aula
Research
Murskaava tutkimus Suomen poliittisesta riskistä – Verkkouutiset
Tutkimuksen mukaan asenneilmaston muutos elinkeinoelämän
vaikuttajien keskuudessa on ollut nopea ja merkittävä.
Vankina pienen avotalouden ajattelussa – Raha
ja Talous
Isot asiat liikkeessä – Juhana
Vartiainen / VATT
Borg ja raportti Suomen taloudesta – valuutan vaikutusta
ei tulla mainitsemaan – Tyhmyri