China's National Team Rescues Global Stocks As Yuan Tumbles, Gold Gains
What Happened This Week in the World Economy – BB
Trade
Tense Even Without Manipulator Tag * Officials end their pow-wow in Bali with
omens aplenty looming
Take Five: World
markets themes for the week ahead – Reuters
Key events in
developed markets next week – ING
A
third-quarter reading on US GDP and a flurry of central bank policy meetings
top the agenda next week. The European Central Bank is not expected to deviate
from its plan to unwind quantitative easing by the end of the year and we're
not expecting any big moves from the Scandi banks. But Canada will likely raise
rates and could signal more to come
EcoWeek – BNP
PARIBAS
The
German finance minister has made a plea for the creation of a pan-European
unemployment fund. Being able to borrow from the fund would require having
contributed in the past as well as having met certain criteria in terms of
economic policy. This form of risk-sharing would soften the impact of downturns
and hence would be an important contribution to strengthen the eurozone.
Week Ahead – Nordea
Risk
sentiment recovered until Italy hit the fan * Bonds positively correlated with
equities – bad news for risk parity strategies * Norges Bank and Riksbank:
expectations so muted you almost must expect being surprised
Weekly Focus – Danske
Bank
Europe:
Italian budget turmoil, ECB meeting on Thursday * US: first estimate of Q3 GDP
Global Week Ahead – Scotiabank
The
ongoing earnings season will combine with the first swing at a Q3 GDP growth
estimate as the two dominant influences upon the US markets * Three central
banks will issue policy decisions, led by the ECB, but building tensions
between Italy and the EU over Italy’s budget proposals could dominate monetary
policy and macro data influences upon markets over the coming week.
Weekly Market
Outlook
– Moody’s
Stepped
Up Use of Loan Debt May Yet Swell Defaults
Weekly Market
Comment
– Marc
Chandler
Weekly Macro
Comment
– Marc
Chandler
FX Weekly – Nordea
If
the Democrats take control of the House, then it carries with it negative
implications for the USD, as it boosts the likelihood of a surge in US excess
liquidity early next year because of the debt ceiling coming into force on
March 1.