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Thursday, October 20

20th Oct - ECB did nothing, action in December





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EUROPE 
  EU LEADERS’ SUMMIT
EU leaders on the edge of a big fail even before they sit down – Politico
Theresa May presents EU a united Brexit front – Politico
Theresa May gets a hard welcome from EU ‘nest of doves’ – Politico

  EUROPEAN CENTRAL BANK MEETING
Monetary policy decisions – ECB
ECB leaves door open to more stimulus, points to December meeting – Reuters
Draghi Signals ECB Unlikely to Stop QE Plan Without Tapering – BB
Draghi Says Nothing to Undermine Expectations of December – Marc Chandler
No ECB QE tapering discussion – we expect QE extension – Danske Bank
EUR Jumps And Dumps, Stocks Slide As Draghi Suggests Nothing Lasts Forever – ZH
ECB: rendezvous in December! – Pictet
Draghi signals ECB has six weeks to revamp QE – FT
​ECB review: We didn’t discuss… - Nordea


REGULARS
Danske Daily – Danske Bank

Eye-Opener – Nordea
Draghi day, BoC discussed adding stimuli * October pause for the ECB? Rates waiting for Draghi. BoC’s actively discussed adding stimulus.

Morning Markets – TF
The third and final US presidential debate was bitter and acrimonious but likely changed few votes given the polarised electorate. Meanwhile American Express shares soared in after-hours on a strong earnings beat. Microsoft and American Airlines are up today among others.

Euro wrap-up – Daiwa
Bunds made modest gains as the ECB left policy unchanged but flagged concerns about the weakness of underlying inflation * Gilts were little changed as UK retail sales figures disappointed expectations.

Daily Market Comment – Marc Chandler
ECB Unlike to Shake Dollar's Slumber

Daily Market Comment – Macro Man
Crude and inflation

Daily Press Summary – Open Europe

Brussels Playbook – Politico

US Open – ZH
Global Stocks, US Futures Modestly Higher As Debate Digested, Draghi Eyed

Frontrunning – ZH


FINNISH
Aamukatsaus – Nordea
EKP jättää isot päätökset joulukuuhun * Ison-Britannian vähittäismyynti pysynyt odotettua vahvempana * Odotamme Ruotsin työllisyyden lähtevän jälleen nousuun * Galluppien mukaan Clinton voitti viimeisen vaaliväittelyn