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Border-adjusted US corporate tax substitute for higher tariffs on China? – Nordea
A comprehensive tax reform with a border adjustment corporate tax could achieve Trump's goal of creating US jobs without tariff walls. But if the proposal is dropped, Trump might eventually turn to tariffs as an alternative way to reach the goal.
Trump addresses business conflicts, says Russia likely behind hacking – Politico
Trump Slams Russia Report as He Unveils Business Exit Plan – BB
Drug Stocks Plunge as Trump Threatens to Force Price Bidding – BB
Trump Tax Cuts Could Jump-Start Global Economy, World Bank Says – BB
Global growth would be boosted by corporate, personal taxes * World economy grew at slowest pace last year since crisis
Financial forecasts January 2017 – Nordea
Cloudy with a chance of meatballs. 2017 has started with a slightly cautious tone. While there are plenty of sources of uncertainty on the horizon, we expect to see a gradual rise in bond yields, the EUR/USD and oil prices.
Majors & Scandies: January 2017 FX forecast – Nordea
Our global scenario remains largely intact; developed markets will continue to perform despite various uncertainties. We keep most of our forecasts unchanged, but adjust the SEK forecast to be in line with our view of further krona strength.
Markets Wrap: Trump’s Few Stimulus Details Roil Stocks, Dollar – BB
Danske Daily – Danske Bank
Eye-Opener – Nordea
Focus on Trump * 30Y Dutch bond performed amid tap * GBP continued to slide
Morning Markets – TF
Europe's main equity indices are expected to open mildly lower today taking their lead from a soft Wall Street and a narrowly mixed Asian session. Once again it's the Trump factor that's holding things back as a sense of nervous unease pervades markets
Euro wrap-up – Daiwa
Daily Market Comment – Marc Chandler
Dollar comes back bid
Daily Press Summary – Open Europe
Brussels Playbook – Politico
Five Things You Need to Know to Start Your Day – BB
Turkish lira drag * Big oil * Bond bull market end * Markets rise * Trump denial
10 things you need to know before the opening bell – BI
US Open – ZH
Dollar Rises Before Trump Press Conference; Futures Flat, Turkish Lira Plunges
Frontrunning – ZH
FX Update – TF
The major currencies are in a nervous holding pattern ahead of today’s press conference with US president-elect Donald Trump which could see pre-announcement of policy intents that will arrive with the beginning of his administration in nine days.
Aamukatsaus – Nordea