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Thursday, January 11

11th Jan - ECB considers tightening guidance

Bill Gross said he's bearish on bonds. Most famous call in June 2007 - strong global growth outlook, yields to go higher. :)






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EUROPE
Eurozone industrial production strikes another high note – ING
Germany: The neverending boom – ING
German Momentum Gives Another Lift to Europe's Economic Outlook – BB

  EUROPEAN CENTRAL BANK
Account of the monetary policy meeting – ECB
Minutes: Upside Risks May Require Guidance Adjustment in Early 2018 – investing
EUR spikes, bunds slide after unexpectedly hawkish ECB minutes – ZH
ECB set to tweak QE guidance – ABN AMRO
Upbeat economic outlook but doubts about inflation pickup – ING
ECB Sees Chance of Shift in Stimulus Message Early This Year – BB


  MARKETS / OTHER
  BOND ROUT
What a China Response to U.S. Tax Cuts Means for the Yuan
– BB
Whatever happens, expect a a drag on the Asian's nation's current-account balance and a subdued exchange rate.

China Rethink on Treasuries Is Echo of Premier's 2009 Worry – BB
U.S. debt rebounds after jolt on news China may slow purchases * Then and now, few alternatives seen for investing reserves

The Daily Prophet: China (Almost) Sends Markets Into a Tizzy – BB

US-China relations on a concerning path – Danske Bank
China has reminded the US that it has tools to hit back at the US if protectionist measures against China are coming. It also gives a helping hand to the pragmatic camp within the US administration, which has warned Trump against triggering a trade war.


REGULARS
FirstFT Daily Briefing – FT
Bond bears, North Korean cheerleaders, Sony’s robot dog returns

WSJ City – WSJ
Bond Selloff Ripples Through Markets, PwC Hit With India Audit Ban

“Best of the web” daily charts – Lukas Daalder

Danske Daily – Danske Bank

Daily Market Comment – Marc Chandler
Capital Markets Calmer, Greenback Consolidates

Brussels Playbook – Politico
Budget battle — Western Saharan fish — A hamper of Great British goods

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

US Open – ZH
Bonds Bounce After China Denies "Fake News" Report; Oil Tags $64

Top 5 Things to Know in the Market – investing.com
Talk of South Korea Ban Rattles Cryptocurrency Market * China Bond Purchases in The Spotlight * Global Stocks Steady as U.S. Treasury Sell-Off Eases * Shrinking U.S. Crude Supplies Keep Oil At 3-Year Highs * U.S. PPI Data, Fed's Dudley Speaks


FINNISH
Aamukatsaus – Nordea
EKP:n pöytäkirja julkaistaan tänään | Tulossa myös Saksan viime vuoden BKT-luvut | Norjan inflaatio oli odotettua vahvempi


Aamukatsaus – Danske Bank
Keskiviikon iso uutinen/teema FX markkinoilla oli raportti Kiinan harkitsevan US Treasury ostojen vähentämistä tai jopa ostojen lopettamista.

Hetemäki: Aktiivimallin toiminta, tausta ja kritiikki – VM