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EUROPE
Economists respond to
Juncker’s State of the Union speech – voxeu
GERMANY
Angela Merkel's Bold Vision for Germany Can Wait – BB
What to expect from
German elections – Open Europe
EUROPEAN CENTRAL BANK
ECB's Top Officials on
Parade Ahead of Key October Decision – BB
ECB Economic Bulletin,
Issue 6 / 2017 – ECB
Draghi: Building on the
achievements of post-crisis reforms – ECB
Euro zone governments,
not the ECB must tackle bubbles: Draghi – Reuters
UNITED STATES
FEDERAL
RESERVE
The Fed Buys into
Secular Stagnation – PIIE
Fed balance sheet
reduction to start in October – ABN AMRO
Unchanged hiking signals
as QT is set to begin next month – Danske Bank
FOMC: A Big Double
Cheese Non-Burger – GMM
The Fed’s forecasts
imply a tough (recessionary?) 2020 – FT
Fed Have You Down?
JPMorgan Has a Pick-Me-Up – BB
Hawkish hold – FOMC
review – Nordea
Taper to begin in
October, rate intentions shift only marginally – Daiwa
Yellen Brushes Aside
Inflation ‘Mystery’ While Fed Eyes Rate Hike – BB
Fed's 'Great Unwinding'
lifts dollar, yields and bank stocks – Reuters
Poll Fed to hike again
in 2017, balance sheet seen cut to $3 trillion – Reuters
Fed quietly opens the
final chapter of its crisis-era bonds policy – Reuters
Deutsche Bank and
Goldman Sachs on FOMC meeting – ZH
Fed Paves the Way for
the ECB to Follow – WSJ
QE put to bed, the focus
shifts to rate hikes – Pictet
OTHER
Bond Tantrums Should Be
Considered Good Economic Omens – BB
OECD: World Economy Is
Set to Grow at Fastest Pace Since 2011 – BB
S&P Cuts China’s
Credit Rating, Citing Risk From Debt Growth – BB
S&P Downgrades China To A+ From AA- Due To Soaring Debt Growth
– ZH
SEC says hackers may
have traded using stolen insider information – Reuters
REGULARS
The JPY continued its slide in early trading as the hawkish tone coming
out of the Federal Reserve beefs up the USD. It's a boon for Japanese stocks
but other Asian markets may have more mixed reactions
Fed’s historic move, Google’s $1bn HTC deal, UK Labour’s uneasy truce
U.K. PM Warned of ‘Crunch Time’ on Brexit, Fed Hints at Another Rate Rise
Fed hints at another rate hike in December; BoJ stands pat * ECB’s Draghi
to speak – Norges Bank to stand pat * Fed to start balance sheet run-off,
giving rise to the US yields * USD strengthens, EUR/USD retracts to a level
below 1.19,
The US dollar rallied broadly as the Fed sounded the death knell for
ultra-loose monetary policy. Asian stocks responded positively too and European
indices are seen opening higher.
An increasingly 'lame duck' Fed kept policy basically unchanged on
Wednesday, which was interpreted as mildly hawkish relative to market
expectations, and the US dollar firmed on the announcement. Markets now look
forward to a key Brexit speech on Friday from the British prime minister.
Market Digests Fed, Greenback Consolidates, Antipodeans Tumble
Barnier’s real Brexit thoughts — Markus Ferber banking conflict
Traders Yawn After Fed's "Great Unwind"
The US dollar is on the comeback trail as the Fed more or less stuck to
its guns on the policy forecast setting up an interesting game of cat and mouse
in the months ahead as the market is still far behind the expectations curve.
FINNISH
Fed ilmoitti
taseen normalisoinnin aloittamisesta | Norjan keskuspankki kokoustaa tänään |
Dollari vahvistui 0,9 % euroa vastaan