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EUROPE
Paul Krugman: Europe the Unready - NYT
Paul Krugman: Iceland, Ireland, and Devaluation Denial – NYT
Why Italy's turnaround will eventually hit the wall – TF
ECB Preview: Time to fulfil the high expectations – Danske
Bank
REGULARS
Morning MoneyBeat Europe – WSJ
Stocks Dragged Lower by China’s
Weakness
Morning MoneyBeat US – WSJ
Did Christmas Come Early for
Retailers?
Good and bad news out of Japan; EUR
rates unchanged on the week despite all the news; USD stays strong * Swedish
trade disappointment * Yields lower and still digesting latest two-tier penalty
bank charge * USD stronger with Thanksgiving keeping market activity low
Morning Markets – TF
With the Black Friday
shopping spree and the Thanksgiving holiday hangover curbing activity today was
expected to be an uneventful trading session. However China's surprise
investigation overnight of a raft of brokerages for violating securities rules
has triggered carnage across Asian bourses and raised the possibility that the
rot will spread to Europe too.
Daily FX Comment – Marc
Chandler
Dollar Rides High into Month-End
Daily Press Summary – Open
Europe
Dijsselbloem says
‘mini-Schengen’ may be only option, while Rutte warns of EU collapse without
border controls * Dutch PM: UK’s EU membership “is vital” for the Netherlands
Brussels Playbook – Politico
Candle scandal — Brexit
scoop — Paris essentials
US Open – ZH
China Plunges Most In
Three Months, Pushing "Black Friday" Into The Red For Global Stocks
Frontrunning – ZH
Next week's onslaught of event risks
has traders in a dither - wondering what is priced in where the risks are from
positioning and whether it is more clever to wait until the other side of the
ECB meeting before trading the euro. Or is the biggest risk for those sitting
on their hands?
A selloff in Shanghai
has spooked markets as anti-corruption efforts wend their way through the
city's brokerages. meanwhile the potential return of large-scale Libyan oil is
weighing on crude.
FINNISH
Riksbank
joutuu ahtaalle * Ruotsin vähittäismyynti jatkaa vahvana, Suomessa kehitys
päinvastaista * RUB on saanut niskaansa geopoliittisia riskejä * Odotukset
EKP:n lisäelvytyksestä painoivat EURUSD:ta