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EUROPE
The
Juncker off-site: Moscovici vs Katainen – FT
European
‘Project’ Not Irreversible, New Paper Says – WSJ
There is
still a modest risk that a weak economy and rising political dissatisfaction
could unravel Europe’s currency union, despite gradual,
halting progress toward further integration there, according to new research.
With
threats to shared values from many fronts, this is not the time to consider
isolation
The
Catalan Vote – Fistful
of Euros
Why It’s
Time To Start Getting Worried About Complacency In Madrid
To
survive, the eurozone must embrace an “all for one, one for all” mindset – FT
SCOTLAND / UK
We
should celebrate this Scottish vote – TradingFloor
Scottish
referendum vote to take place on September 18 * Run-up to vote has already seen
significant impact on sterling * Voting process offers dramatic vindication of
European values
The
pound and the Scottish vote: What to do? – TradingFloor
A Scottish
Yes vote is far from priced into the pound * UK vs. US yield rate spread points to markets
anticipating a No * Shorting EURGBP via options could bring rewards if vote
upholds status quo
Known
unkowns in the Scottish referendum polls – FT
EUROPEAN
CENTRAL BANK
The
ECB’s Plan is Shaking Up the Sleepiest Bonds – WSJ
Statistics
Pocket Book, September 2014 – ECB
Monthly
Bulletin, September 2014 – ECB
UNITED STATES
Fedspeak
Cheatsheet: What Are Fed Policy Makers Saying? – WSJ
ASIA
China’s anti-corruption trillions – FT
Nomura: anti-corruption
cash being swept up in China might end up in the coffers of
local and central government
OTHER
Hilsenrath’s
Take: Can The Fed Drop “Considerable Time” Without Spooking Markets? * BOE’s
Carney on Possible Challenges of ‘Sterlingization.’ * Euro Still Too Strong,
Says Bank of France Governor * BOJ Kuroda Assures Abe
Will Act if Necessary * Negative Interest Rates Still Option for Swiss
Daily
Macro – WSJ
Fresh yen
weakness boosted Japanese equities overnight, but otherwise Asian trade was
muted as was the start to the European session. The focus now is next week’s
Federal Reserve policy meeting and Scotland’s independence referendum. Some
analysts are expecting the Fed to hint that rates might start to rise a lot
sooner than had been previously anticipated, maybe soon after the latest asset
purchase program comes to an end next month. As for the U.K., the odds favor a no vote on
Scottish independence, but with negative longer-term repercussions nonetheless
as uncertainty grows about the movement’s longevity.
Six
Talking Points – Marc to
Market
Dollar's
rally reflects a shift in expectations of Fed policy? * Many considerations
that influence long-term interest rates, and Fed policy is only one of them * Unorthodox
easing by central banks has depressed volatility throughout the capital markets?
* Simple economic determinist explanations and predictions * Yen is the weakest
of the major currencies * More talk about rising price pressures, the evidence
remains elusive at best.
FINNISH
VM: Luottoluokituksen laskua dramatisoidaan turhaan –
YLE
Kalevan päätoimittajasta valtioneuvoston viestintäjohtaja
– Verkkouutiset
Julkistamme "Mitrohinin listan"
KGB-kontakteista – Verkkouutiset
EKP:n toimilla on vaikutusta talouskasvuun – Roger
Wessman
Uusi komissio ja vangin dilemma – Juhani
Huopainen / US