Follow ‘MoreLiver’
on Twitter
EUROPE
The IMF, together with CEPR and the Central Bank of Ireland, put on a
conference that drew lessons from Ireland’s bailout package titled “Ireland:
Lessons from its Recovery from the Bank-Sovereign Loop”. This column summarises
the contributions by Eichengreen, Fatás and Schoenmaker, as well as panel
comments by Christine Lagarde, Benoît Coeuré, Michael Noonan, and Valdis
Dombrovskis.
Finland:
Article IV Consultation – IMF
Finland:
Selected Issues – IMF
TERROR / MIGRATION
France triggers EU ‘mutual defence clause’ – but what is it? – Open Europe
Paris Terror Uniting East Europe Against Merkel's Refugee Plan – BB
Security, Refugees and European Fiscal Policy – Marc Chandler
Why are terrorists drawn to Belgium? – The Guardian
Police hit Molenbeek, area at heart of Belgium's jihadist threat – CNN
The Brussels borough becoming known as Europe's jihadi central – The Guardian
Jihadis Next Door Is a Way of Life for Ghetto Belgium Neglected – BB
Brussels raids: Police hit Molenbeek, area at heart of Belgium's jihadist
threat – BBC
Why Brussels is a terrorism hotspot – Politico
The myth of the terrorist mastermind – Politico
DATA
Improved economic expectations in Germany and in France – Nordea
German Investor Confidence Rises on Robust Domestic Economy – BB
U.K. Inflation Rate Stays Below Zero for a Second Month – BB
Carney's Interest-Rate Communication Has Loads of Fans – BB
UNITED STATES
Is the Fed trying to pull off a hawkish hike, or does it plan a dovish
hike? The asset implications are completely different. Even if it is the
latter, will the Fed be able to pull off such a stunt, or will Mother Earth(!)
try to prevent it?
CPI increased 0.2% in October – Bill McBride
U.S. consumer prices rise, may further
support rate hike views – Reuters
Consumer Prices in U.S. Increase for
First Time in Three Months – BB
Consumer Prices in U.S. Picking Up
Excluding Food, Energy – BB
What the Latest Inflation Numbers Mean
for the Fed – WSJ
Fed: Industrial Production decreased
0.2% in October – Bill McBride
U.S. industrial output falls for second
straight month – Reuters
Manufacturing in U.S. Climbs for First
Time in Three Months – BB
U.S. inflation turning corner; factory
output rises – Reuters
OTHER
REGULARS
U.S. Stocks Rally, Along
With Oil
Stocks Soar, Helped by Gains on Wall
Street
Is Now the Time to Buy the Dip?
Eurozone inflation revised higher,
but ECB still set for further policy easing in December * Japan’s weak GDP
growth, suggests further easing ahead
Rising Euro-area core inflation; US
and UK today too? * European yields tumble on safe-haven demand * EUR/USD at
lows not seen since April
Wall Street resolutely
rejected fears that Friday's terror attacks in Paris would have long-lasting
market effects, and the higher US close overnight sent a wave of relief across
Asian markets on Tuesday after some trepidation on Monday.
Greenback Flexes Muscles
Defying the hit seen in equity
futures following Friday's attacks in Paris, markets broadly rallied yesterday
with USD strength serving as the most prominent theme.
France triggers EU
‘mutual defence clause’ after Paris attacks * Schengen and refugee quotas under
strain following Paris attacks * Conservatives for Britain co-chairs to
formally recommend Brexit * Petition forces euro exit debate in Finnish
parliament * New German poll puts AfD third for the first time * New Polish
Interior Minister hits out at European Parliament President Martin Schulz * Greece
strikes deal with lenders, paving way for new aid disbursement
Military and political
responses to Paris attacks
Global Stocks Soar As Dollar Spot
Index Hits Record High; Oil Declines
EURUSD was smacked to new lows
overnight after fresh dovish rhetoric from the ECB’s Praet late yesterday.
Focus today switches to sterling and whether it can maintain its surprising
strength across the board.
Dollar strength has
returned with a vengeance and the euro is firmly on the back foot ahead of the
European Central Bank December 3 meeting that could well see more policy
easing.
FINNISH
Britannian EU-epävarmuus pysyy vielä sivuroolissa * EURUSD
painui matalimmalle tasolleen sitten huhtikuun puolivälin * Britannian
inflaatio pysyttelee alhaisena * Manner-Norjan kasvu on hidastunut
todennäköisesti entisestään
Saksan hallitusta talouspolitiikassa neuvova
asiantuntijoiden ryhmä katsoo, ettei turvapaikanhakijoilla ratkaista maan
väestön ikääntymiseen liittyviä ongelmia.
Ylivelkaisen Kreikan seuraava tukimuoto on
alustavien lupausten mukaan osittainen velka-armahdus. Sen kustantavat
todennäköisesti Suomi ja muut euromaat. Suomenkin Kreikka-vastuut kasvaisivat,
vaikka hallitusohjelman mukaan ei pitäisi. Siksi tiedossa on myös
silmänkääntötemppuja.