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EUROPE
EPP stares down Schulz over Parliament
presidency – Politico
Editorial: How the EU's Leaders Should Think
About Brexit – View
/ BB
How Do We Bring Back the Soul of the EU in the
Bodies of Member States?
– euinside
Martin Schulz: Donald Trump is a problem for the
world – Politico
Juliet Sanuel: The EU's
federalists are heading for defeat. Britain must be ready to pick up the pieces
– The Telegraph
UNITED
KINGDOM
May prepares for Brexit
talks, keeps Europe guessing – Reuters
Does Brexit spell the
end for English as the lingua franca of the EU? – Europp
BoE signals new rate cut
despite Brexit bounceback – Reuters
BoE Holds Rate But Hints
at Cut This Year – BB
BoE Keeps Rate, QE
Unchanged As Expected, Hints May Cut More – ZH
Another rate cut later
this year a close call as indicators have been better – Danske
Bank
Bank of England on hold,
sterling stable for now – Pictet
UNITED STATES
Review of FOMC Projections – Bill
McBride
Almost all analysts are
expecting no policy change at the September meeting
El-Erian: Markets' Focus on Timing of Fed Hike
Is a Distraction – View
/ BB
Ben Bernanke: Modifying the Fed’s policy
framework – Brookings
Does a higher inflation
target beat negative interest rates?
OTHER
Fund Managers' Current
Asset Allocation – September – The
Fat Pitch
Even after the sell-off over the past week, global equities are more than
15% higher than in February. A tailwind for this rally has been the bearish
positioning of investors, with fund managers' cash in February at the highest
level since 2001. Similarly, their equity allocations in February had only been
lower in mid-2011 and mid-2012, periods which were notable lows for equity
prices during this bull market.
The Trouble With
Macroeconomics – Paul
Romer
REGULARS
Danske Daily
– Danske
Bank
Eye-Opener
– Nordea
More flexible Riksbank policy *
Yields returned to prior to Tuesday’s minor sell-off * GBP mixed ahead of BoE
meeting today
Morning Markets
– TF
Asian stocks ticked lower on
Thursday tracking Wall Street weakness and a renewed slide in crude oil prices.
Back in Europe whatever about the level of trading activity it'll be a busy day
in terms of economic data releases and events.
Euro wrap-up
– Daiwa
Daily Market Comment
– Marc
Chandler
Early Update: Full Calendar but
Little News
Daily Market Comment
– Macro
Man
A respite from the cesspit
Daily Press Summary
– Open
Europe
European Commission sets up Brexit
task force, as Bank of England builds its Brexit team *
Senior bankers warn it will take a
number of years for sector to adjust to Brexit * EU official: Any compromise on
free movement with Switzerland will set precedent for UK * Hollande’s ally says
he will run for second mandate in 2017 “for sure”
Brussels Playbook
– Politico
EU reset — Two dueling presidents —
SOTEU wrap
US Open – ZH
US Futures, European Stocks Rebound,
Bonds Fall Ahead Of US Data Deluge
Frontrunning
– ZH
FX Update
– TF
Today’s UK retail sales and guidance
from the Bank of England will hopefully provide near term resolution for GBP
pairs after a choppy week of trading that continues to frustrate trend traders.
Elsewhere a flurry of US data today includes retail sales numbers for August.
From the Floor –
TF
Equities markets may be stabilising
and sterling could froth in and around today's bank of England meeting but
really we already all in countdown mode towards the pivotal meetings on
September 21.
FINNISH
Aamukatsaus – Nordea
Englannin
keskuspankki jää tarkkailemaan talouden kehitystä * Riksbank harkitsee
joustavampia tavoitteita * Tänään saadaan USA:n vähittäismyyntiluvuista
selkeyttä talouden tilasta heikkojen luottamuslukujen jälkeen
Suomen ristiriitaiset vientiluvut – Roger Wessman