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Sunday, October 14

14th Oct - Weekly Previews

Weekly Market Review Zero Hedge
Global Markets Dump $6 Trillion As "Loco" Fed & Trade Turmoil Spark Panic

What Happened This Week in the World Economy BB
Trump, Gloomy Outlook Hit Finance Chiefs in Bali

Take Five: World markets themes for the week aheadReuters

Harr’s ViewDanske Bank
Stock market rout to fade despite looming Italy-EU clash

The eruption of US equity market volatility, with global spillover effects, is a delayed reaction to a rather significant increase in bond yields since the second part of August. Market-implied inflation expectations didn’t move that much so the rise in long term rates reflects an increase in real yields which in turn is related to strong growth numbers. Historically the relationship between weekly changes in yields and stock market performance is weak. This implies that one should focus on drivers of investor risk appetite and in particular signs of slower growth.

Week Ahead: A smell of February in the air Nordea
A fast spike in volatility and global equities are selling-off. Once again, it happens on the back of rapidly rising USD real yields. It looks strikingly reminiscent of February, and the market is worryingly positioned again.

Weekly Focus: The return of volatility Danske Bank
Italy submits 2019 budget proposal to EU, Brexit talks and US Treasury’s FX report

StrategyDanske Bank
Equity self-off  is temporary; equities are still set to move higher in 3-12M * China has eased monetary policy but does not want CNY to depreciate too quickly * IMF has cut its global GDP growth forecasts slightly * Brexit-optimism has led to an appreciation of GBP

Global Week AheadScotiabank
Europe: Crunch time arrives both for Brexit negotiations as well as Italy’s budget proposals * US: US-China relations, earnings risk and macro data will all combine to have the potential to catapult US developments into the heart of world markets. One consideration will be whether US Treasury Secretary Mnuchin points to China as a currency manipulator or once again passes on doing so.

Weekly Market OutlookMoody’s
Financial Market Volatility May Soon Influence Fed Policy

Macro WeeklyABN AMRO
Equity markets sharply lower. Was it on Fed, rates, trade conflict, profit taking, EM trouble? * US September inflation data is very benign * Chinese trade data remains robust

Weekly Market Summary – The Fat Pitch

Weekly Market CommentMarc Chandler
Constructive Price Action Leads Technicals

Weekly Macro CommentMarc Chandler
Three broad forces of movement in the week ahead:  the equity market performance, political developments, and economic data. 

FX Weekly: Volatility makes odd bedfellowsNordea
The US outperformance story is increasingly at risk, once spill-backs from EM on to US activity get more evident. Last week’s sell-off has sparked position squaring in the FX space, why the odd bedfellows JPY and AUD performed simultaneously.

G10 FX week ahead: A big week for European politicsING

With global equities stabilising after a turbulent week, the focus turns back to European politics - with Italy and Brexit on the agenda at a monumental EU summit. EUR and GBP to stay sensitive to headlines. Elsewhere, the US Treasury's FX report will be key as it'll tell us whether the US administration will actually label China a currency manipulator