Here are
the links to the weekly roundups, reviews and also previews of the beginning
week. Last week's 'Support' here.
Previously
on MoreLiver’s:
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Weekly Scoreboard – Between
The Hedges
Friday’s Price Monitor – Global Macro Monitor
The Halloween Yen Massacre Sends Market To All-Time Highs
Succinct summation of week’s events – The
Big Picture
US Schedule for Week – Calculated Risk
Economic Calendar – Berenberg
Economic Calendar – Handelsbanken
Kiron Sarkar’s Weekly Report – The Big Picture
5 Things to Watch on the Economic Calendar – WSJ
Wall St Week Ahead – Reuters
Unknown election outcome is stocks' big fear
The European Central Bank is in the spotlight next week, as investors
await news from the latest policy-setting meeting and subsequent press conference.
The Bank of England is also due to meet, although policymakers there are under
less pressure to act given the relative outperformance of the U.K. economy. Also
of note will be the industrial production figures from the key eurozone
countries, while looking further afield, the always interesting official U.S. employment
report is due at the end of the week.
Weekly Market Outlook – Moody’s
We expect another solid US
employment report with nonfarm payrolls for October of
240K, above consensus of 225K * The ECB should remain on hold, although
the pressure from low inflation, weak activity and market turmoil have
increased in October
Strategy: BOJ adds pressure on ECB – Danske
Bank
Surprise Bank of Japan move gives support to risk assets * Pressure
rising on the ECB to follow – but it takes time for it to act * Hawkish Fed and
dovish Bank of Japan give new fuel to USD/JPY * Focus turns to US next week – ISM
to give more clues to US slowing
Week Ahead – Nordea
Next week offers the jobs report and ISM manufacturing survey from the US. In Europe, next
week's ECB and BoE meetings will be the hub of attention, while the Swedish
focus will be on PMI and production from the manufacturing sector.
Widening
Divergence Aids Dollar, but No Currency War – Marc
to Market
There are
three elements to the investment climate:
The divergence between the US on one hand and Europe and Japan on the other, the drop in many
commodity prices, including oil, and the slowing of the Chinese economy.
Viikkokatsaus: Jenkkitalous porskuttaa ja luo työpaikkoja
– Nordea
Tulevaa: USA:n työmarkkinat vetävät * EKP odottaa, samoin
BoE * Painuiko Suomen vienti lisää? Mennyttä: Fed lopetti arvopaperiostot * Euroalue:
Inflaatio liikahti ylös * Riksbanken laski koron nollaan
Japan added to its QE programme just as
the FOMC wound down its QE3 programme. Russia joined with a rate hike while the
Swedisk Riksbank cut rates. Oh, and US GDP beat expectations handily.
Investment
Outlook: The hunt for red October – TradingFloor
Global
equity markets fell sharply going into October but recovered swiftly, and
October ended in risk-on mode. Fear of liquidity withdrawal as the Fed's QE3
programme was terminated was the main culprit. I still recommend a neutral
allocation as a near-term deceleration of the global business cycle may
continue to weigh on markets.
STOCKS
Weekly Market Summary – The Fat Pitch
CREDIT
Weekly Credit Update – Danske
Bank
Market sentiment is gradually improving * ECB announced
the results of its comprehensive review of European banks * Fed ended QE3 * Sweden’s Riksbank
added to the group of central banks with a zero rate
Euro rates update – Nordea
FOREX
FX Outlook: Next Leg Up for the Dollar – Marc to
Market
Global FX Strategy - BOJ untapered the Fed
taper – Nordea
Volatility came back with a vengeance in October as global markets were
wrong-footed on the back of disinflation and QE hangover worries. Overall, we
expect volatility to be back for good. For Emerging Markets however, the coming
month promises to be less eventful than the month that just passed.
EMERGING
EMEA Weekly – Danske
Bank
EM Preview: The Week Ahead – Marc to Market
CALENDARS
Economic
Calendar – investing.com
Economic
Calendar – BB
EU calendar – europa.eu
Markkinakalenteri
– Nordnet