EUROPE
Europe’s Bid to
Take Back Control From Trump May Have to Wait – BB
German,
French leaders seek financial, defense independence * EU efforts come after
Trump undermines trans-Atlantic order
Germany: Social
delivery –
ING
In
its first meeting after the summer break, the German government demonstrated
enthusiasm to act and deliver on its social promises, adding more pro-cyclical
fiscal stimulus to the economy
U.K. and EU Drop
October Deadline for Brexit Deal – BB
Both
sides see mid-November as new end date for divorce talks * Theresa May’s
spokesman says pace of negotiations accelerating
Daniel Gros:
Italian risk spreads: Fiscal versus redenomination risk – voxeu
Redenomination
risk appears to be responsible for about half of the overall increase in the
spread, suggesting that playing with the idea of exiting the euro can be costly
even if public finances remain under control.
Sweden: Krona at
multi-year low and decline isn’t over yet – ING
SEK
continues swimming naked. Despite reaching a new multi-year low vs the EUR, we
look for further SEK weakness (to EUR/SEK 11.00) as both domestic and external
factors weigh on the currency
RUSSIA
Mark Whitehouse:
Why Putin’s Russia Can’t Grow – BB
He’s
spent 18 years undermining what the country needs most: rule of law.
Editorial:
Vladimir Putin’s Mission Impossible – BB
Reviving
the economy won’t be easy, and he’s the reason.
Leonid Bershidsky: Putin's
Master Class in Survival - BB
Want
to know why he's still in power? Look at his response to unpopular changes to
Russia’s pension system.
UNITED STATES
Information in the
Yield Curve about Future Recessions – FED
EU Open Rundown – RANsquawk
FirstFT Daily
Briefing –
FT
Daily Market
Comment –
Marc
Chandler
Dollar
Finds Support, but Downside Correction May Not be Over
Brussels Playbook – Politico
Italian
blackmail — Macron’s new enemies — McCain’s last laugh
Five Things You
Need to Know to Start Your Day – BB
US Open – ZH
Markets
Tread Water Ahead Of Looming Deadline For Canada To Reach Nafta Deal
US Open Rundown – RANsquawk
Aamukatsaus – Nordea
Ruotsin kruunu heikentyi vuoden pohjalukemiinsa heikkojen
kaupan myynnin lukujen myötä | Päivän huomio keskittyy USA:n 2. neljänneksen BKT-lukujen
toiseen julkaisuun | USA:n ja Meksikon kauppasopimuksesta lisätietoja etenkin
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