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EUROPE
Brexit May Save European Growth After All – View
/ BB
Europe's project for
"ever closer union" may harm competition and growth rather than
enhance it.
Populism Doesn't Mean the EU Will Fall Apart – View / BB
Leonid Bershidsky: Merkel's Fourth Election Will
Be Her Toughest – View
/ BB
ECB: hawks and doves pre-position – ABN
AMRO
The dovish members of
the Council clearly outnumber the hawkish members of the Council and will
likely push through an extension of monetary stimulus
ITALY
Currency Vigilantes Ready to Strike Again as
Italian Vote Looms – BB
Traders see euro, not
bonds, as best way to play referendum * Politics is the ‘new economics’ for
currency markets: HSBC
No 'Italexit' in the case of a 'No' in the
referendum – Danske Bank
Watch Italy’s referendum for potential banking
problems – Europp
UNITED STATES
TRUMP
Bankers Ridiculed by Trump Are Already Embracing His Future Regime – BB
Markets Would Struggle to Digest Corporate Tax Reform – View / BB
FEDERAL RESERVE
Fed Minutes Seen Setting Up December Even Before Election Bump – BB
Fed Hike Is Certainty for Bond Traders as Market Odds Reach 100% - BB
OTHER
Global Macro Outlook: The
brave new world of 2017 and 2018 – ABN AMRO
'Trader Tantrump' Sparks
EM Bond Outflows As Dollar Soars – ZH
Big Data Is a Big Mess
for Hedge Funds Hunting for Trade Signals – BB
Citadel, Winton Capital move to exploit new data sources * Humans created
huge amount of ‘low-grade data,’ says one quant
IMF Concludes Article IV Consultation with Mexico – IMF
Mexico: 2016 Article IV Consultation--Staff Report – IMF
Mexico: Selected Issues – IMF
Mexico: Financial System Stability Assessment – IMF
REGULARS
Danske Daily
– Danske
Bank
Eye-Opener
– Nordea
Oil up, yields lower, USD weaker * Dovish
comments from Draghi will send yields lower today * Safe haven currencies not
so safe haven with USD, EUR and JPY weakening * Oil buoyed as markets bets on
an OPEC deal
Morning Markets
– TF
Increased confidence that oil
producers will agree to reduce production just over a week from now is fizzling
through financial markets sending the fuel itself to a 3-week high and boosting
other commodities and equities during Asian trading.
Euro wrap-up
– Daiwa
Daily Market Comment
– Marc
Chandler
Bonds and Stocks Rally, Leaving
Greenback to Meander
Daily Market Comment
– Macro
Man
Musings on a correction
Daily Press Summary
– Open
Europe
Brussels Playbook
– Politico
Five Things You Need to Know to Start Your Day – BB
Hot metals * Oil surge * Trump's
first days * Markets rise * Fed certainty
US Open – ZH
S&P Set To Open At All Time
High, Boosted By Rising Crude On More "OPEC Deal Optimism"
Frontrunning
– ZH
FX Update –
TF
The USD rally has paused for breath
to start the week as the counter-trend action has been too shallow so far to
call this a consolidation. Traders are mulling whether the greenback can
maintain a head of steam as the US heads off for a holiday on Thursday.
FINNISH
Aamukatsaus – Nordea
Draghi jättää
oven auki mahdolliselle lisäelvytykselle * Dollarin nousu taittui * Ruotsin
kruunu vahvistui Riksbankin varapuheenjohtajan inflaatiokommenteista * Suomen
työttömyysasteen trendi lasku-uralla