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EUROPE
Brexit Breakthrough Struck as Path Cleared for
Tough Trade Talks – BB
May reaches deal on
Irish border with DUP, Ireland’s Varadkar * European officials warn that the
hardest part lies ahead
Eurozone reform: Where’s the big breakthrough? – ING
The European Commission
just released its latest Eurozone reform proposals. A first glance, we think
hardly anything will change
Bank Relief Breathes New Life Into Europe's
Lagging Stock Market – BB
Buoyed by speculation
that new capital rules will free up more cash than expected for dividends,
banks on the Stoxx Europe 600 Index rose 3 percent
Banks Emerge Winners From Final Post-Crisis
Capital Rules – BB
Basel III agreement
completes post-crisis regulatory framework * Draghi says ‘difficult’
implemention of rules will now begin
ECB Preview - On autopilot for now – Danske
Bank
We expect no changes to
policy stance. Policymakers will put off any substantial discussion until well
into 2018.
UNITED STATES
FOMC preview – Danske
Bank
Third hike and unchanged
dot signals
JOBS REPORT
November Payrolls Jump
228K, Beat Expectations But Wage Growth Disappoints – ZH
November Jobs Report –
The Numbers – WSJ
Strong U.S. job growth,
rebound in wages bolster economy's outlook – Reuters
U.S. Payrolls Rise
228,000 While Wages Gain Less Than Forecast – BB
US Hourly Earnings
Disappoint, but Continue to Surpass CPI – Marc
Chandler
MARKETS / OTHER
Global Banks Have
Billions at Risk as Steinhoff Scandal Deepens – BB
Citigroup, HSBC, BNP, FirstRand are some of the banks involved * Maximum
exposure may be $21 billion, according to accounts
Goldman, BlackRock, and
Blackstone: Will They Still Rule Wall Street in 10 Years? – BB
The three titans face different challenges in keeping their reign alive.
Short Aussie – Kevin Muir
Australia has a great housing bubble, has gone over 25 years without a recession, main trading partner China is tapping on the brakes. Chances of an accident are increasing.
CHINA
Financial System Stability Assessment China – IMF
Financial System Stability Assessment China – IMF
Improving Financial Stability in China – IMF
IMF: China's growth objectives clash with financial stability goal – Reuters
China's Banks Need More Capital After Credit Boom, IMF Says – BB
IMF Stress Tests Find $280 Billion Black Hole In Chinese Banks' Capital –
ZH
The Premature
Demonization of Stock Repurchases – SSRN
The popular press is replete with commentary seeking to damn the behavior
of corporate managers in handing free cash flow back into the hands of
shareholders. These criticisms are often, even regularly, without merit (at
least merit that can be demonstrated), sometimes glaringly so. Aggregate share
repurchase activity has not been at historical highs when measured properly,
and when netted against debt issuance is almost a non-event, does not
mechanically create earnings (EPS) growth, does not stifle aggregate investment
activity, and has not been the primary cause for recent stock market strength.
These myths should be discarded.
REGULARS
FirstFT Daily Briefing – FT
Brexit’s long night, art world gone mad, United States of Europe
WSJ City – WSJ
Markets Cheer Brexit Divorce Deal, Confronting The Brutal Trade-offs,
German Coalition Talks Back on
“Best of the web” daily
charts – Lukas Daalder
Danske Daily – Danske Bank
Eye-Opener – Nordea
US House passes spending bill in bid to avoid government shutdown * UST
yields rise on possible Trump infrastructure plan in January * GBP surges on
reports that UK and Ireland are close to a Brexit border deal
Daily Market Comment – Marc Chandler
Brexit Talks Move to Stage II, While Greenback Remains Firm
Brussels Playbook – Politico
New Brexit talks hope — New Polish
PM — South American trade deal near
US Open – ZH
US Futures, Global Shares, Dollar All Jump On Brexit, Basel News, Averted
US Shutdown; Payrolls Loom
FINNISH
Aamukatsaus
– Nordea
Tänään päähuomion vie USA:n työmarkkinaraportti |
Punta vahvistui Brexit-uutisten saattamana | USA:n kongressi pääsi aamuyöstä
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