Follow ‘MoreLiver’ on Twitter
EUROPE
Public support for the
euro – vox
UNITED STATES
Trump and macro – FT
Putin Knows Working With Trump Won't Be Fun – View / BB
The Economy May Be Stacked Against the “Trumpflation Trade” – WSJ
OTHER
We generally stick to our financial forecasts from early October, at
least until we learn more about President Trump’s intentions. Specifically, we
continue to expect a Fed rate hike in December. That said, risks to our
baseline forecasts have obviously increased after the Trump win.
REGULARS
Global bond sell-off continues * Norges
Bank has made its last cut * 7bp higher Bund yields, now at 27bp * The dollar
continues to strengthen,
Equity markets in Asia are upbeat
following a rise in the Dow Jones driven by hopes of a Trump fiscal spending
boost. But that optimism is mixed with concerns over how Trump's protectionist
moves could hit Asia including indirectly through measures aimed at Mexico that
would hurt Asian corporations using that nation as a gateway to NAFTA markets.
Ramifications of Trump's Election
Continue to Drive Markets
Central Banks Intervene, Scramble To
Halt Emerging Market "Carnage"; Futures Slide
US dollar strength broadened notably
yesterday and EM currencies have been thrown under the bus on the toxic
combination of a strong US dollar and higher US interest rates. Today is a US
bank holiday so we may see some consolidation but the dramatic reassessment of
market conditions may continue through year end.
FINNISH
Trumpin voitto kiihdyttää inflaatiopelkoja * USA:ssa
lainamarkkinat kiinni * USA:n markkinoilla riskisentimentin nousua * Inflaatio
ja hyvät talousluvut tukevat Ison-Britannian puntaa
Trumpilaisen velkaelvytyksen vaikutuksista – Roger
Wessman
Syyttäjät makutuomareina – Jukka
Hankamäki