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EUROPE
Only 13 percent of
recent refugees in Germany have found work: survey – Reuters
Germany Threatens to
Abandon Basel Talks If Demands Not Met – BB
UNITED STATES
Fed Rate-Hike Odds Approach 100% in Anticipation of Trumponomics – BB
Donald Trump Flipped the Investment Backdrop on Its Head – BB
Fiscal Spending May Be in Vogue, But It Still Has a Dark Side – BB
5 Things to Watch in Janet Yellen’s Testimony Thursday – WSJ
Editorial: Trump’s Trade Disagreements – View / BB
Editorial: Trump’s Mexico Dilemma, and Vice Versa – View / BB
OTHER
Weekly Bond Update – TF
Trump election ignites surprise bond yield surge
Ray Dalio's Bond
Shake-Up Scenario – BB
Emerging Market FX – Nordea
All year-to-date gains in EM FX have been erased after the US election. A
stronger USD, higher bond yields and lower oil prices have all taken its toll
on EM FX. We expect slightly better times are ahead for the MXN, the CNY and
the RUB.
FX Forecast Update – Danske Bank
Trump rally set to extend near term, then reverse
If TPP is Dead... – Marc Chandler
REGULARS
Danske Daily
– Danske
Bank
Eye-Opener
– Nordea
Equities up, bond yields down,
strong USD * Today production data from the US and Prospera report * Calmer
markets and lower rates * EUR/USD at 1.074
Morning Markets
– TF
Renewed hopes that Opec will be able
to agree on an output ceiling when the cartel's members meet at the end of the
month has sparked energy stocks higher. Meanwhile Japanese investors have
welcomed the lower yen and flocked into equities giving the benchmark Nikkei
225 a hefty lift.
Euro wrap-up
– Daiwa
http://www.uk.daiwacm.com/research-zone/research-reports
Daily Market Comment
– Marc
Chandler
The Greenback Remains Resilient
Daily Market Comment
– Macro Man
Dollar holler
Daily Press Summary
– Open
Europe
UK Government has prepared a bill to
begin the Brexit process * Boris Johnson: UK “will probably have to come out of
the customs union” * Merkel stays firm on free movement but open to discussing
EU welfare rules * Carney: It would be “precipitous” for banks to move out of
UK now * Local Government calls for greater devolution of powers post-Brexit * Macron
to announce French presidential bid today * New poll shows outsider Fillon
could win centre-right French presidential nomination * Merkel to run for
fourth term as Chancellor, says senior CDU politician * Italy blocks revision
of multi-annual EU budget
Brussels Playbook
– Politico
8 governments under EU budget hammer
— Another Oettigate
US Open – ZH
Global Bonds Plunge As
"Trumpflation" Rally Returns, Dollar Jumps
Frontrunning
– ZH
FX Update
– TF
The two major currencies headed in
opposite directions are the Japanese yen which continues to tumble as Japan’s
bond market shows signs of strain. Elsewhere sterling is pulling back higher
despite yesterday’s weak CPI suggesting that today’s earnings and employment
data may be ignored as well.
FINNISH
Aamukatsaus – Nordea
Dollarin vahvistumisessa hengähdystauko * Tänään
julkaistaan USA:n teollisuustuotannon luvut lokakuulta * Öljyn tynnyrihinta
nousi takaisin 45 dollariin * Euroalueen BKT kasvoi odotusten mukaisesti
Trumpin jälkeen
Grillo ja Le Pen? – Roger
Wessman
Jan Hurri:
Vaarallisin jytky 4. joulukuuta? – TalSa