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Public support for the euro – vox
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
Financial forecasts November 2016 – Nordea
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.
Shifting Trade-Weighted Exchange Rates – Marc Chandler
Danske Daily – Danske Bank
Eye-Opener – Nordea
Global bond sell-off continues * Norges Bank has made its last cut * 7bp higher Bund yields, now at 27bp * The dollar continues to strengthen,
Morning Markets – TF
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.
Daily Market Comment – Marc Chandler
Ramifications of Trump's Election Continue to Drive Markets
Daily Market Comment – Macro Man
Daily Press Summary – Open Europe
Brussels Playbook – Politico
US Open – ZH
Central Banks Intervene, Scramble To Halt Emerging Market "Carnage"; Futures Slide
Frontrunning – ZH
FX Update – TF
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.
Aamukatsaus – Nordea