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EUROPE
Europe Is Kaput. Long
Live Europe! – Social
Europe
by Slavoj Žižek, Yanis Varoufakis and Julian Assange on 25 Nov 2015
Juncker: No Schengen, no
euro – Politico
Commission president tells Parliament the free-travel agreement is
‘partly comatose.’
EUROPEAN CENTRAL BANK
ECB discusses
two-tiered bank charges, broader bond buys – officials – Reuters
Two-Tiered NIRP System
May Presage Big Rate Cut – ZH
ECB's Honohan says signs
of results from QE but needs to continue – Reuters
Why the ECB isn’t happy
with (rising) core inflation – BB
Financial Stability
Review – ECB
FSR Press release: Risks
from outside euro area rise – ECB
Euro area financial system resilient to occasional bouts of financial
market volatility * Possibility of an abrupt increase of risk premia at global
level has become more pronounced * Balance sheet repair continues in banking
sector amid rapid expansion in non-bank sector * Sovereign and private sector
debt remains high in several euro area countries
OTHER
Global View: Cautious optimism warranted – ABN
AMRO
The global economy
should grow a little faster in 2016 and 2017 than in 2015. Key to that view is
that advanced economies maintain their growth momentum, while emerging
economies will be able to cope a little better with the challenges presented to
them in 2015.
Goldman says: reducing euro shorts – ZH
User behavior – Aeon
Websites and apps are
designed for compulsion, even addiction. Should the net be regulated like drugs
or casinos?
REGULARS
Morning MoneyBeat Asia – WSJ
U.S. Stocks Dip, Then Watch the Dip
Get Bought
Morning MoneyBeat Europe – WSJ
Stocks Shrug Off Turkey, Russia
Tensions
Morning MoneyBeat US – WSJ
Before Giving Thanks, This Is What
Bulls Want
Danske Daily – Danske
Bank
Global Daily – ABN
AMRO
Reports have emerged that the ECB is
considering introducing a two-tier deposit rate system…it would cushion the
blow to bank profits, while potentially allowing the central bank to cut rates
more significantly * New left-wing minority government in Portugal darkens the
outlook for government finances
Euro rates update – Nordea
Eye-Opener – Nordea
Turkey-Russia incident weighs on
risk sentiment * Ifo signals strong German economy * Bund lower on safe haven
flows * EUR and USD weaker on Turkish skirmish
Morning Markets – TF
Russia's standoff with
key Nato member Turkey after yesterday's downing of a Russian fighter jet has
put markets on the defensive as the war of words between Moscow and Ankara
cranks up.
Daily FX Comment – Marc
Chandler
Euro Bears Aren't Hibernating
Daily Shot – TF
International tensions escalated
after Turkey shot down a Russian jet, with the Turkish lira falling and Turkish
bond yields rising. Crude oil and gold prices rose in response to the worries.
And elsewhere, the chances of a US interest rate hike in December are now seen
at 74%, the futures market shows.
Daily Press Summary – Open
Europe
Time running out for a
December deal on Britain’s EU renegotiation demands * French PM warns that
Europe cannot take any more refugees as Sweden tightens asylum rules * “Differentiated
integration” should be on EU agenda, Dutch government’s advisory body says * New
poll: Front National would win first round of upcoming French regional
elections * Polish government’s decision to remove EU flag from weekly press
conferences sparks controversy * Portuguese Socialist leader is appointed new
PM * European Commission unveils plan for common deposit insurance scheme * European
banks still holding €1 trillion of bad loans, new figures show
Brussels Playbook – Politico
Turkey missile row —
Paris and Brussels latest
US Open – ZH
Global Stocks Rebound As
Geopolitical Tensions Subside; Europe Surges On Report Of More ECB Easing
Frontrunning – ZH
Today’s October PCE inflation data
will likely set the tone for the US dollar in the quiet period until next
Wednesday’s speech from Fed chief Janet Yellen. The USD is looking wobbly
against the commodity currencies and the yen heading into this data.
Markets are largely
shrugging off the geopolitical impact of yesterday's Russo-Turkish skirmish as
a sudden rally in crude oil wakes up energy and commodity bulls.
FINNISH
Viime
kuukausien työllisyysluvut ovat epäilyttäviä * Geopoliittiset riskit jälleen
esillä * Saksan talouselämän luottamus kohentui selvästi * Etelä-Afrikan talous
jatkaa vastatuulessa
Eurotie on yksinäinen – KL
Jäsenyys
eurossa on Suomelle kasvava riski.
Julkinen
sana: Erkki Liikanen - Euron herttua – Yle Areena
Emeritus päätoimittaja Hannu Leinonen ja Juha
Kulmanen keskustelevat Leinosen uudesta kirjasta.