Roundups &
Commentary
Frontrunning – ZH
Overnight: Futures Tumbles Ahead Of US Government
Shutdown – ZH
The Lunch Wrap – alphaville
/ FT
Emerging N.Y. headlines – beyondbrics
/ FT
EU daily news – Europa
Daily press summary – Open Europe
Cameron and Hague seek to remove ‘ever
closer union’ from the EU treaties
Morning MoneyBeat: Dark Clouds Glower Over Washington
– WSJ
Morning Bond Update – TradingFloor
Dollar Mixed, Markets Nervous, Politics Cut Appetite
for Risk – Marc
to Market
ECB Watch: Why another LTRO? – Nordea
The case
for a new LTRO will be the focal point of Wednesday's ECB meeting. Thus, this
month's ECB preview has been extended with a deeper look at the likelihood of
another LTRO
Who really (really, really) wants European
stocks? – alphaville
/ FT
BoAML
stirred the pot earlier this month with a fund manager survey which found that
allocations to European equities had reached highs last seen in May 2007:
Italian political risks rise again – Nordea
On
Saturday, five Cabinet ministers and members of Berlusconi’s PDL stepped down
in an attempt to bring down the current government and hold new elections.
Oh Silvio – MacroScope /
Reuters
With
markets already alarmed at the prospect of another self-inflicted political
wound – the U.S.
Goldman Closes Italian 10-Year Bond Long
Recommendation – ZH
Italian Bonds Decline a Third Day as Letta
Faces Confidence Vote
– BB
Italian
bond yields jumped and European shares fell on Monday
MACRO
NUMBERS
Euro-Area
September Inflation Slows More Than Forecast on Energy – BB
September Euro
area annual inflation down to 1.1% - Europa
German
August Retail Sales Rose While Missing Estimates – BB
UNITED STATES
Capitol quiet as federal government shutdown
nears – Reuters
With a
deadline to avert a federal government shutdown fast approaching, the U.S.
Capitol was eerily quiet on Sunday as Republicans and Democrats waited for the
other side to blink first and break the impasse over funding.
Debt ceiling fandango: the key dates – alphaville
/ FT
Analysts at
BoAML give the chances of a US
The Taper Chase – Project
Syndicate
Global
financial markets were stunned when the US Federal Reserve announced on
September 18 that it was not ready to begin the widely anticipated slowdown of
its long-term asset purchases. There are three possible reasons why the Fed
shifted its plans so dramatically, and all point to continuation of
quantitative easing.
Structural
reform is the third and the most crucial arrow of Abenomics. If radical changes
are made, Japan
OTHER
Finally it
happened this weekend as equities got caught in crossfire from a host of events
that saw the week start off with declines across the board. Volatility will
likely go up and drawdowns are coming.
What Matters for
Global Markets in the Week Ahead – WSJ
FINNISH
Suomen maksutase, vuosikatsaus 2012–2013/I–II – Suomen
Pankki
Suomalaisyritykset
ovat viime vuosina vieneet ulkomaille enemmän pääomaa kuin finanssikriisiä
edeltävänä aikana. Pääomanvientiä on kasvattanut ulkomaisten kohteiden
rahoituksen kansainvälistyminen vuoden 2008 finanssikriisin jälkeen.
Italia uhkaa taas euroa: "Touhu on
lähinnä saippuaoopperaa"
– Verkkouutiset