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Thursday, September 3

3rd Sep - ECB dovish

Previously on MoreLiver’s:

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Spain, and how EZ has to get real about countercyclical policySimon Wren-Lewis

ECB signals more QE – ABN AMRO
ECB will continue QE beyond Sep 2016 – Danske Bank
Draghi gives dovish present on his birthday – Carsten Brzeski
5 Takeaways from the ECB’s September Meeting – WSJ
Draghi Unveils Revamped QE Program as ECB Downgrades Outlook – BB
ECB flags beefed up QE as growth, inflation outlook fades – Reuters
The ECB is beginning to face a QE dilemma – Not a Yes Man
Euro spanked as ECB cuts forecasts, warns of downside risks – Marc Chandler
ECB: Ready, willing and able – Nordea
ECB leaves rates unchanged, increases bond issue limit – Handelsbanken

5 Things to Watch in the August Jobs ReportWSJ
Strong Jobs Report May Not Be Enough to Spur Fed to Action – WSJ
The Jobs Report’s August ProblemWSJ

BNP: The QE End-Game Not "If" But "When" Central Banks Lose ControlZH

G10 FX Weekly – Dovish ECB weighs on euroABN AMRO
Dovish ECB pushes the euro lower * Neutral Riksbank boosts Swedish krona, however further stimulus set to weigh on SEK * The Australian dollar dips below 0.70 on weak data and we expect further weakness ahead

New financial forecastsNordea
In our Economic Outlook released yesterday, new forecasts for the Nordic countries and the global economy were published. The situation in the Nordic countries is mixed, with strong growth but low inflation in Sweden, gradual recovery in Denmark, continued slow growth and a weak currency in Norway, and hopefully the recession in Finland bottoming out. Economic growth in the US continues at a solid pace and has firmed in the Euro zone.

Morning MoneyBeat AsiaWSJ
U.S. Stocks Rally, Changing Direction Again

Morning MoneyBeat EuropeWSJ
Will the ECB Crank Up QE?

Morning MoneyBeat USWSJ
Stocks Have Seen This Volatility Before

Danske DailyDanske Bank

Euro rates updateNordea

ECB to stay put * When negative is not enough – another Riksbank cut * Danish FX intervention going way up * US yields higher on ADP * FX markets calm awaiting Friday’s US employment figures

Morning MarketsTF
European Central Bank chief Mario Draghi is the man in the middle today as markets await his press conference at 1230 GMT and attempt to decipher where he stands on the anxiety scale about flagging Eurozone inflation. Elsewhere, Chinese markets are taking some time out to celebrate the WWII victory over Japan and Sweden awaits its latest monetary policy statement.

Daily FX CommentMarc Chandler
Other Developments that Shouldn't be Lost in Focus on ECB

Daily ShotTF
Brazil's economy is still not doing well and neither is the real. Foreigners are fleeing the government bond market and the Brazilian weakness also impacts coffee prices negatively.

Daily Press SummaryOpen Europe
France, Germany and Italy make joint call for “fairer distribution” of refugees *
Government compromise over EU referendum purdah may not be enough to satisfy rebels * New Democracy overtakes SYRIZA in new opinion poll * Germany, UK and France challenge EU over new securities regulation * European Commission considers fine-tuning contested investor protection clause in EU-Canada free trade deal

Brussels PlaybookPolitico
Shocking refugee images — Here come the farmers

With China's Market Chaos Offline, Futures Levitate On ECB Easing Hopes


FX UpdateTF
We heading into a critical couple of session for the major currencies ahead of a three-day Labor Day weekend in the US, with today’s ECB meeting and key US data on tap over the next 30 hours, all in an environment of extremely nervous risk sentiment.

From the FloorTF
The European Central Bank's policymakers could be forced today to signal the bank is lowering its inflation forecast or preparing to add fuel to its quantitative easing (QE) program, which would soften the euro and possibly boost riskier asset classes, such as south European bonds and corporate bonds. Markets get a respite today from the recent Asian whiplash, as Chinese markets are closed today and tomorrow for a public holiday.

Suomen viennin nopeaa piristymistä on turha odottaa * Odotamme Riksbankin laskevan ohjauskorkoaan * EKP:n rahapolitiikka pysyy ennallaan * USA:n osakemarkkinoiden nousu tuki eilen dollaria

Talousasiantuntijoilta voimakasta eurokritiikkiä – ”tyhmä päätös”, ”Suomi umpisolmussa”Suomen Uutiset