Follow ‘MoreLiver’ on Twitter
Central bank speeches:
Stock indices fell. As I said in my previous post, we're awfully close to the bottom of the range, and a move higher could be next. Maybe Monday, or latest Tuesday, will be this week's bottom? EURUSD moved higher, but is unwilling to go anywhere.
Otmar Issing: Toward a Genuine Economic and Monetary Union? – Project Syndicate
With Europe’s current crisis having convinced many that the EU's existing institutional arrangements are unsustainable, many high-level figures have been calling for a move toward political union. But further European integration will not be feasible until trust among the member states has been restored.
Zero Inflation Looms for ECB as Oil Drop Counters Stimulus – BB
Catalan Separatism Refuses to Die as Mas Claims 48% Mandate – BB
Spanish Bonds Rise as Catalonian Voters Reject Independence Bid – BB
Rajoy's Catalan Losses Signal Struggle to Survive December Vote – BB
Catalonia election results 28 September 2015 – ABN AMRO
Experts react: Catalan elections – Europp
Madrid and Brussels try to downplay Catalan vote – Politico
Catalonia votes ‘no’ – Politico
US labour market monitor – Danske Bank
Slower job growth not an obstacle for the Fed
Fed's Dudley: Fed will likely raise rates later this year – Reuters
The Impact Of China’s Slowdown On Global Growth Will Be Small – Alpha Now
FX Liquidity Is Tumbling To Dangerous Levels – ZH
IMF Research Bulletin Sep 2015 – IMF
Abenomics 2.0 – Marc Chandler
Morning MoneyBeat Asia – WSJ
U.S. Stocks Struggle to Hold Yellen Gains
Morning MoneyBeat Europe – WSJ
Catalonia Casts Uncertainty Over Spain’s Future
Morning MoneyBeat US – WSJ
Watch for the Death Cross
Danske Daily – Danske Bank
Eye-Opener – Nordea
More political uncertainty: Pro-independence parties take majority in Catalan parliament * US wage data * Bond yields rise in the aftermath of hawkish Yellen and rising equities * NOK still under pressure
Morning Markets – TF
It's an easy start to the week data-wise but a heavy schedule awaits: Later this week, we've got the Japanese Tankan report and Eurozone CPI on Wednesday, as well as the all-important US nonfarm payrolls on Friday.
Daily FX Comment – Marc Chandler
Sterling and Yen Edge Higher
Daily Shot – TF
Separatists in Spain's wealthy Catalonia region won a clear majority in a regional election, knocking Spanish government bonds which are likely to continue to underperform. And options on Euribor futures are pricing in an ECB rate cut with a 50% probability reflected in the December-16 contract.
Daily Press Summary – Open Europe
New poll shows Leave campaign in front as leading Labour politicians line up to back EU membership no matter what * German President: Our capacity for taking in refugees is finite * Austrian anti-immigration party secures second place finish in regional elections * Lord Leach: Only “big picture” reform can keep the UK inside the EU * Adam Marshall: UK business has “nostalgia” for old European Economic Community * Pro-independence parties win majority of seats, but less than 50% of votes, in Catalan election * Dutch campaign triggers referendum on EU-Ukraine association agreement * Greek Finance Minister confident country will return to growth next year if debt relief is given * France launches first air-strikes against IS in Syria * European officials claim UK’s EU renegotiation is stalling due to lack of detail * ECB suspends purchases of VW backed debt amid on-going scandal * Russia agrees to deal to supply Ukraine with gas over winter months
Brussels Playbook – Politico
EU in NYC — What next in Catalonia? — French air strikes
US Open – ZH
US Futures Resume Tumble, Commodities Slide As Chinese "Hard-Landing" Fears Take Center Stage
Frontrunning – ZH
FX Update – TF
The market neglected to make a statement on the US dollar direction late last week, but this week we await a plethora of FOMC voters out speaking and the key US employment report on Friday. Elsewhere, sterling is struggling mightily.
From the Floor – TF
Brazil was looking like a basket case just a few days ago but, while it's hardly out of the woods, there are some potential bargains to be had in the corporate bonds sector — if you are of the intrepid bent.
Aamukatsaus – Nordea
Tarkennusta Fedin viestiin * Fedin johtoryhmän jäsenet vahvistavat viestiä koronnostosta * Itsenäisyyttä ajavat puolueet voittivat paikkaenemmistön Katalonian vaaleissa