Here
are the links to the weekly roundups, reviews and also previews of the
beginning week. Last week’s ‘Weekly Support’ is here.
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LAST WEEK
Trump
Unleashes Best Rally In Stocks Since 1996
Bloomberg:
What'd You Miss in Markets This Week? – Youtube
S&P 500
Snapshot
– dshort
Fourth
Consecutive Record Close
World Markets Weekend
Update
– dshort
The
Rally Accelerates
NEXT WEEK
Economic
Calendar – Berenberg
Retail
stock rally leaves few bargains for investors
Weighing the Week
Ahead –
Jeff
Miller
It
is (ahem) a very big week for new data. The A-teams are back from their
mini-vacations, ready to take a fresh look at the new world. While some will
continue to work the Trump Administration/stock theme, it remains mostly
guesswork. There is a new theme, which markets and pundits will get around to,
perhaps as soon as this week. With a tone change on the economy and deficits, I
expect the punditry to be asking: Can the market embrace some good news?
UK:
The UK government plans on loosening fiscal austerity. However, the projections
are still for the structural deficit to be narrowed, and quite markedly. There
are two questions related to the consequences of Brexit: how credible and how
appropriate is that policy? Japan: Over the latest quarters, the Japanese
economy sent positive signals. Growth accelerated, supported by domestic
demand. The performance is striking, with a potential rate of growth closed to
zero.
Next
week’s highlight is the OPEC meeting in Vienna and also the Italian referendum
will continue to get attention. The most important data releases are the US
jobs report, the ISM manufacturing survey, Euro-area inflation prints and
Chinese PMIs.
EZ:
November inflation US: Jobs to be sufficient for a hike
Political
super cycle is not over yet – elevated political uncertainty still a major
market theme * We think an imminent ‘Italexit’ seems unlikely for now * Solid
US data lends support to reflation case * Fed not expected to spoil the party –
will only hike gradually
Weekly
Market Outlook – Moody’s
Cyclical
improvement coming through
Dollar
Correction may be at Hand, but likely Brief and Shallow
Macro
Comment – Marc Chandler
Shifting Portfolio Preferences Continue to Drive Capital Markets
There
is good reason to expect dollar strength to continue into next week with
implications for its major peers and South Africa's rand, NZDCAD could be in
for a slide and the Italian referendum is enveloping the continent in an unholy
fog that might have implication for EURGBP.
Aurelija Augulyte’s FX: mark to macro – Nordea
The rates tantrum on
Trumponomics - are we done yet? Market inconsistencies remain, and the US data
this coming week may help correct them. The USD/JPY rally at risk. EUR/USD is
testing the lower end of the 2-year range - make it or break it?