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Monday, November 6

6th Nov - Quiet (oil rallies on Saudis)





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EUROPE 
Editorial: Next Steps in the Macron Revolution – BB
The French president has made a good start, but there's a long way to go.

Croatia Is Starting Preparations To Join Eurozone – euinside


UNITED STATES
Fed Will Keep the Rate Hikes Coming – Tim Duy

Trump's Policies Have Done Nothing for Stocks – BB
Earnings growth, not promises on deregulation, taxes or infrastucture, is responsible for most of the appreciation in equities.

  TAX PLAN
Why the Next Four Days Will Be Crucial for the GOP Tax Bill – BB
Finding the Good in the Republican Tax Plan – BB
Here’s Where the GOP Tax Bill Stands Right Now – BB


OTHER
FX Weekly: The end of the inflation convergence trade for EUR/USD? – Nordea
With just 0.9% in core inflation from the Euro area in October, could the inflation convergence trade between EA and the US be behind us? And what about the suffering Scandies? Should you buy them now?

Important Charts, Performance, & Interesting Stories  – Andrew Trasher

Tech Stocks Accounted For 75% Of The Market's October Return – ZH
Tech sector's 24.5% weight in the S&P 500 now highest since October 2000.

It Takes More Than Fact Checks to Beat Populists – BB
Research increasingly shows that even when voters know the facts, they buy a compelling narrative.

Guest post: Trading economics: a new theoretical system – FT

  SAUDI ARABIA / OIL
Saudi Purge Sees Senior Princes, Top Billionaire Detained – BB
Saudi says reserves right to respond to Iran 'hostile actions' – Reuters
Oil rises to highest since mid-2015 on Saudi purge, tighter markets – Reuters


REGULARS
FirstFT Daily Briefing – FT
Saudi Arabia’s purge, tech’s biggest bid, Queen in Paradise

WSJ City – WSJ
U.S. Probes Three Banks Over Debt Sales, Crude Rises After Saudi Crackdown

“Best of the web” daily charts – Lukas Daalder

Danske Daily – Danske Bank

Eye-opener: Mr Trump in Asia this week – Nordea
US jobs report: December rate hike still on * Subdued moves in rate markets * GBP regains ground after Thursday

Morning Markets – TF
Donald Trump who is in Tokyo today repeated his claim that US trade with Japan is not fair or open. Trump's trade stance plus a warning from the governor of the PBoC about China's financial system weighed on sentiment in Asia today. Trump's trade grievances are likely to resonate across financial markets this week as he continues his 10-day tour of Asia.

Brussels Playbook – Politico
No tax in paradise — Eurogroup battle — Puigdemont free

Five Things You Need to Know to Start Your Day – BB

US Open – ZH
Global Stocks Drift Lower As US Futures Rebound From Overnight Scare, Oil At 2 Year Highs

Frontrunning – ZH


FINNISH
Aamukatsaus – Nordea
Saudit nostavat taas öljyn hintaa – yli 62 dollarin | Tällä viikolla ei ole tulossa merkittäviä julkistuksia euroalueelta tai USA:sta | Trump vierailee Aasiassa