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Tuesday, November 24

24th Nov - US GDP revised higher

Previously on MoreLiver’s:

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Eurodespair Frances Coppola
Economists & Eurozone: wake up calls and political captureSimon Wren-Lewis

Commission’s plan for common deposit insurance – dead on arrival? Open Europe

Germany wants to be a Brexit brokerPolitico

Why Portuguese Politics MatterMarc Chandler

The Le Pens and France’s fear factorPolitico

Ifo Business Climate Index Rises Markedly – CESifo
German Business Confidence Rises in Sign of Robust Economy – BB
November Ifo beats estimatesCarsten Brzeski
Domestic Demand Led German Economic Growth in Third Quarter – BB
Germany: Strong Ifo numbers, robust economy – Nordea

"Sell In December And Go Away"ZH
Why Goldman Sees The Market Going Nowhere In 2016

Economy in U.S. Expands More Than First Estimated on Inventories – BB
Q3 GDP Revised Up to 2.1% Annual Rate – Bill McBride
U.S. Third-Quarter GDP – At A Glance – WSJ
Economists React to Third-Quarter GDP: ‘Positive for Consumers’ – WSJ
Revised Higher: Inventories Surge, Personal Consumption Disappoints – ZH
Real PU.S. GDP growth raised for third quarter – Reuters

Prices and Price-to-Rent Ratio in September – Bill McBride

Deutsche Bank: The Market Is Saying Larry Summers' Gloomy View Is RightBB

Deutsche Bank Co-CEO Cryan Says Bankers Still Paid Too MuchBB

Morning MoneyBeat AsiaWSJ
U.S. Stocks Quiet As Holiday Week Gets Underway

Morning MoneyBeat EuropeWSJ
Stocks Hit; Downed Jet Fighter Escalates Tension

Morning MoneyBeat USWSJ
What Happens if 2011 Comparisons Hold This Week

Danske DailyDanske Bank

Euro rates updateNordea

Euro-area PMIs signal broad-based growth: * Bund yields rise on growth surprise * EUR weaker despite positive euro area growth news * Oil survey from Norway due

Morning MarketsTF
The post-NFP prospects for a December rate hike have made for an interesting November, but markets are now combing the data for signals of any and all upcoming surprises: What is the Fed planning? What about the ECB? Will Opec cut production levels next week? Today's trade will be looking for signs and portents.

Daily FX CommentMarc Chandler
Dollar Softens, Consolidation Phase Continues

Daily ShotTF
While markets are broadly trading a US recovery narrative that will take a December rate hike as its confirmation, there are a few worrisome rumbles coming from the country's manufacturing and housing sectors.

Daily Press SummaryOpen Europe
New poll shows majority of British voters back Brexit, as Leave.EU proposes merger with rival Vote Leave campaign * German government unites on EU ‘refugee quotas’ with Turkey, while critical voices call for national upper limits * Poland wants to renegotiate its EU refugee quota after Paris attacks * France seeks new powers to monitor terror-suspects’ bank accounts * Portuguese President demands compliance with EU fiscal rules as pre-condition for leftist government * New poll: Ciudadanos leader enjoys highest approval rating among main Spanish party leaders * European Commission to unveil proposal for single deposit guarantee scheme, as Germany and Austria remain skeptical * Green MPs file complaint at Germany’s highest court against Schäuble’s ‘temporary Grexit’ plan * EU looks to extend sanctions on Russia by six months

Brussels PlaybookPolitico
Brussels starts to stir — COP21 preview — NATO reads

Global Stocks Slide, Futures Drop After Turkey Shoots Down Russian Warplane


FX UpdateTF
The USD picture remains in a short-term limbo as traders eye the US Thanksgiving holiday later this week. Meanwhile, the JPY continues to edge stronger and AUD has to make a statement on way or another today as the RBA’s Stevens is out speaking.

From the FloorTF
Rumours that China could be poised to let the yuan depreciate once the yuan is officially part of the IMF's SDR lifted Chinese stocks out of the red on Tuesday.

Euroalueen luottamus viittaa piristyvään kasvuun * Argentiina matkalla markkinavetoisemmaksi taloudeksi * Ruotsin väestön ennakoidaan kasvavan räjähdysmäisesti * Euroalueen hyvät PMI-luvut eivät riittäneet vahvistamaan euroa