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EUROPE
Swedish monetary
conditions are becoming too easy – Lars Christensen
Great Graphic: Sentix
Shows a Shift – Marc Chandler
Investors attribute a higher risk to Italy leaving the EMU than
Greece. Moreover, it is not a spike, but
a gradual increase in the risk that Italy leaves, while the risk that Greece
leaves are stable after easing near midyear.
UNITED KINGDOM
Carney's Longer BOE Term Won't See Brexit Britain Out of Woods – BB
U.K. Factories Hail Pound Boost to Exports, Fret About Costs – BB
UK Manufacturing PMI – Markit
GBP: digging bottom – Nordea
UNITED STATES
Clinton or Trump - free trade is under pressure – Nordea
ISM Manufacturing index increased to 51.9 in October – Bill McBride
US Labour Market Monitor – Danske Bank
October jobs report important input in Fed's decision whether to hike or
not in December
FEDERAL RESERVE
The Fed Meets in November to Tee Up a Hike in December – BB
Fed to hold rates steady, put December hike firmly in view – Reuters
Fed to hint that December rate hike is likely? – Nordea
OTHER
The Origin Story of
Modern Finance – Joshua Brown
The story of Deutsche is yet another in the endless litany of the global
elites, taking their self-serving ideals too far in the real world, with the
tacit approval of easily bought-and-swayed governments looking on.
Goldman: Oil To Low $40
On "Declining Probability Of OPEC Deal" – ZH
BANK OF JAPAN: UNCHANGED
BOJ unchanged; Warns Growth, Inflation Outlook Skewed To Downside – ZH
BOJ keeps policy steady, delays inflation target again – Reuters
BOJ Stands Pat Even as It Delays Timing of Inflation Goal – BB
BoJ: stand by with a shade of dovishness – Nordea
RESERVE BANK OF AUSTRALIA: UNCHANGED
RBA Holds Cash Rate Target at 1.5% - BB
RESERVE BANK OF AUSTRALIA: UNCHANGED
RBA Holds Cash Rate Target at 1.5% - BB
RBA Holds Cash Rate as ‘Brisk’ Housing Market Outweighs CPI – BB
Bets Are Off for Future RBA Rate Cuts, But Keep One Eye on China – BB
OCTOBER PMI ASIA: STRONG
Strong Chinese PMI adds to global reflation theme – Danske Bank
PMI reports point to good second half for Chinese economy – Pictet
REGULARS
Danske Daily
– Danske
Bank
Eye-Opener
– Nordea
Improving Chinese data, Carney stays
for longer, eyes on PMIs * Euro-area inflation only slightly up * Narrow
trading range on the final day of month * Sterling supported by Carney staying
in office
Morning Markets
– TF
The Bank of Japan sees its 2%
inflation target first reached in April 2018. Today British PMI data will tell
us more about manufacturing and about how much exporters profit from the
weakness of the GBP which was triggered by the Brexit vote.
Euro wrap-up
– Daiwa
Daily Market Comment
– Marc
Chandler
Dollar and Yen Slip in Quiet even if
Eventful Turnover
Daily Market Comment
– Macro
Man
Three Tuesday thoughts
Daily Press Summary
– Open
Europe
Brussels Playbook
– Politico
Five Things You Need to Know to Start Your Day – BB
Oil stays low * Carney staying at
the BOE * BOJ holds, China data beats * Markets inch higher * One week to go
US Open – ZH
Global Bond Selloff Resumes; Stocks
Rise Following Strong Chinese Data
Frontrunning
– ZH
FX Update –
TF
AUDUSD is mulling a sixth assault on
the 0.7700+ resistance after a supportive RBA statement overnight and a bump in
the Chinese PMI surveys. But in the meantime we’ve got a heavy load of US data
and the US election early next week.
FINNISH
Aamukatsaus – Nordea
USA:n teollisuuden luottamus nousussa * Japanin
keskuspankki piti ohjauskoron odotetusti -0,1 prosentissa * Kiinan
ostopäällikköindeksi (PMI) yllätti positiivisesti * Ison-Britannian
ostopäällikköindeksissä (PMI) odotettavissa laskua