EUROPE
Germany: Glimmers
of hope in disappointing data – ING
German
industrial production dropped for the third month in a row. Under the surface
of disappointing headline figures, there are some glimmers of hope
EU Ready to Offer
U.K. ‘Super-Charged’ Free-Trade Deal – BB
Proposal
will incorporate 30%-40% of U.K. plan, officials say * Deal on divorce closer
but Irish border still not resolved
Macron’s Latest
Political Blow May Hasten Presidency ‘Phase Two’ – BB
Cabinet
reshuffle is coming after minister’s shock resignation * French president’s
style in question as his ratings slump
Editorial: Mending
Europe’s Patchwork Migration Policy – BB
The
current approach is a failure. It doesn’t have to stay that way.
Greek Banks Tumble
as Italy Contagion Adds to Capital Worry – BB
Eurobank
Ergasias drops up to 14.4 percent in Athens trading * Bad-loan plan could fall
afoul of European rules, Fitch says
Macron Wants to Make Privatization Great Again – BB
An
unpopular president is pushing an unpopular policy.
ITALY
Italian Markets
Convulse After Budget Standoff With EU Deepens – BB
Ten-year
yield breaks above 3.5% for first time since 2014 * Deputy Prime Minister Di
Maio shrugs off EU criticism of plans
Salvini Says
Juncker's Austerity Regime Europe's Real Enemy – BB
Rome
on collision course with European Commission over budget * Nationalist leaders
target EU elections in May next year
Italy’s Debt
Crisis Flares Up, Banks Get Hit, as Showdown with the EU Intensifies – Wolf
Street
Italian Stocks,
Bonds Collapse After EU Rejects Rome's Budget Plans – ZH
Italy’s Salvini
attacks Brussels as bonds sell off – FT
Deputy
PM hits out at investors and EU rules as borrowing costs hit 4-year high
an
hour ago
Italy’s new fiscal
plans: the options of the European Commission – Bruegel
The
Italian government has announced an increase of its deficit for 2019, breaking
the commitment from the previous government to decrease it to 0.8% next year.
This blog post explores the options for the European Commission and the
procedures prescribed by the European fiscal framework in this case.
OTHER
The Big Read: IMF:
the fight to woo a sceptical US over funding – FT
Populism,
a trade war and a cynical White House are making life hard for the fund as it
seeks new capital
World trade: from boom to bust – ING
Trade
growth looks set to almost halve in 2018 to 2.6% and could drop to 1.3% in
2019, the lowest level since the trade collapse of 2009. The current trade
conflict is one of the reasons, but there’s more going on
CHINA
No massive
monetary stimulus on the way from the PBoC – Pictet
Over
the weekend, the People’s Bank of China (PBoC) announced a cut of 100 basis
points (bps) in banks’ required reserve ratio (RRR).
El-Erian: China
Resorts to Old Tools for New Economic Problems – BB
Central
Bank efforts to fight a slowdown will stifle the critical shift to growth based
on consumption.
China Faces a Bleaker End to 2018 as Central Bank Cuts Reserve Ratio Again – BB
Move
releases $175 billion; some earmarked for PBOC repayment * Step raises
questions on how PBOC will avoid weaker yuan
Chinese Stocks
Slump as Markets Reopen After Break; Yuan Falls – BB
Nation’s
equities suffer worst October start in a decade * Markets catch up to Hong Kong
losses on return from holidays
REGULARS
EU Open Rundown – RANsquawk
Brussels
Edition Daily
– BB
Anti-Austerity
‘Earthquake’
Brussels Briefing – FT
Eco Day Europe – BB
China
Cuts, IMF Descends on Bali, Nobel Prize Winners
FirstFT Daily
Briefing
– FT
WSJ Daily
Economics
– WSJ
Why
U.S. Tariffs On Chinese Goods Are Here to Stay
Danske Daily – Danske
Bank
Trade
war induces China to ease monetary policy again
Daily Market
Comment
– Marc
Chandler
China
and European Woes Weigh on Equities but Buoy the Dollar
Brussels Playbook – Politico
Spitzen
runners and riders — Election central — New Brexit optimism
Five Things You
Need to Know to Start Your Day – BB
Eco Day US – BB
China
Cuts, IMF Descends on Bali, Nobel Prize Winners
US Open – ZH
Stocks
Tumble On "Terrible Trio" Of China Crash, Rate Rout, And Italian
Standoff
US Open Rundown – RANsquawk
Aamukatsaus – Nordea
Brasiliassa edessä presidentinvaalien toinen kierros,
oikeistolainen Bolsonaro ja työväenpuolueen Haddad jatkoon | Tällä viikolla
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