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EUROPE
Larry Elliott: An important International Monetary Fund paper
looks at how the eurozone should have responded to the problems that affected
five of its members
Schaeuble Says He'd
Prefer Higher Euro-Area Rates – BB
TERROR
Hollande’s emerging war strategy – Politico
France Intensifies
Assault on Islamic State at Home and Abroad – BB
How the Islamic State
makes its money – WaPo
The 12 people and ideas
that ruined Molenbeek – Politico
UNITED STATES
FEDERAL RESERVE
5 Things to Watch in the Fed’s October
Meeting Minutes – WSJ
Democratizing the Fed or Politicizing
Monetary Policy? – Marc Chandler
Summers: Inflated Inflation Numbers Mean
Fed Can Wait Even Longer – PIIE
FOMC October meeting minutes – FED
Minutes: Fed Is All-In For December Hike
(But Depends On Data) – ZH
Hilsenrath: December Liftoff Still A Go,
But Flight Path Won't Be Steep – ZH
Fed Minutes Stress Potential for
December Liftoff – BB
"Most participants anticipated
conditions could be met by next meeting" – Bill
McBride
Fed officials again flag December; see
smooth rates liftoff – Reuters
OTHER
Macroeconomic and Strategic Scenario for 2016:
Key takeaways – Pictet
In 2016, we forecast
global economic growth of 3.3%, slightly better than in 2015. This will be a
‘goldilocks’ environment (not too hot, not too cold), that allows continued
supportive monetary policy.
REGULARS
U.S. Stocks Close Flat After Rally
Falters
Stocks Pull Back; Fed Minutes in
Focus
Investors Turn to Fed Minutes for
Liftoff Clues
Rising energy and core prices push
up US inflation…providing some comfort to the Fed to hike rates in December * Germany’s
ZEW shows mood among investors improving
EUR/USD close to fresh 7-month low;
oil prices close to 3-month lows * Fedspeak in focus today * Global yields
should rise more on inflation * Commodity FX rather resilient to recent price
drops
Risk sentiment has
retreated following last night's German bomb scare and reports of gunfire
against French police as they hunt for suspects in Friday's terrorist attacks
on Paris. Today's calendar is fairly sparse save for a US housing print that
could signal the economy's reaction to an interest rate hike in December.
Awaiting Fresh Cues, the Greenback
Consolidates Gains
US industrial production fell for a
third consecutive month, undershooting expectations, and the Chinese economy
may be growing more slowly than official data indicate. But economic sentiment
has improved in Germany, as shown by the ZEW survey, against expectations for a
weaker reading.
Cameron: There’s “a compelling case”
to act against IS in Syria * German Interior Minister: Syrian passport found
near Paris bomber could have been planted * Hammond warns of “very negative
impact” of Brexit and pull factor of benefits for EU migrants * New poll: 76%
want to scrap free movement but only 30% say it makes them more likely to vote
to leave the EU * France set to win reprieve from EU deficit rules after Paris
attacks * European Commission warns Italy, Austria and Lithuania over 2016
budget plans * Number 10: Legal brake for UK Parliament over EU laws not part
of renegotiation plan * Osborne to lead Treasury assessment of EU membership * Fewer
than 70,000 refugees found jobs in Germany over the last year * Greek bailout
funds expected to be released tomorrow * Dutch Government considers limited
Schengen zone * Rubio: US needs to respect Britain’s sovereignty when it comes
to EU referendum * New Romanian government wins vote of confidence
The Belgian intelligence
gap — Energy Union report card
Global Stocks Tread
Water After Two Consecutive Terrorist Scares; Oil Rises, Industrial Metals
Tumble
The FOMC minutes tonight are the
critical focus for USD traders as we watch for signals regarding the path of
rate hikes after the likely December move. Meanwhile, expectations are nil for
tonight’s Bank of Japan, meaning, of course, a very low bar for surprise.
Fears of more terror
attacks are reverberating across markets and keeping sentiment on the negative
side of the risk equation.
FINNISH
Hyödykkeiden
hintojen lasku tuntuu Etelä-Amerikassa * USA:n inflaatio otti askeleen kohti
Fedin tavoitetasoa * Norjan talouskasvu odotettua parempaa * Saksan
rahoitusmarkkinat aiempaa luottavaisempia tulevaisuuden suhteen
Eduskunnan talousvaliokunnan julkinen kuuleminen
10.11.2015
EU
-takuut, missä mennään? – Risto
Volanen
Sauli
Niinistö: Suomi sitoutunut turvatakuisiin täysimääräisesti –
Verkkouutiset