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EUROPE
Not What EU, but Whose
Is the EU. That Was the Question in Bratislava – euinside
The feeling hung that the Union is at a crossroads and a real one at that
– member states disagree on both the direction and the mode of transportation…
The hidden question at
the summit was not what, but whose Union is it – does it belong to the founders
France and Germany, to Orbán, or the institutions?
EU Banks May Need Rescue
Funds Equaling Twice ECB Capital – BB
Single Resolution Board takes SREP capital as starting point * Capital to
be refined as regulatory dust settles, Koenig says
Deutsche Bank's compliance in for bumpy journey: executive – BB
Greece’s Tsipras Urges
EU Countries to Keep Their Promises – WSJ
Greek Prime Minister Alexis Tsipras is calling on other European Union
member states, especially Germany, to keep their promises and help Greece cope
with the migration and financial crisis. The 42-year-old leader sat down with
The Wall Street Journal for a 45-minute interview
Far-right AfD hits new
highs in Germany-wide poll – Politico
Anti-immigrant AfD party
gets 16 percent, highest ever, in new poll – Reuters
Mark Gilbert: Don't
Gamble With the City of London's Fortunes – View
/ BB
As it negotiates Brexit, Britain must be careful not to sacrifice its
most valuable -- and vulnerable -- asset.
Nordic Outlook September
2016 – Danske
Bank
Denmark: The year has been good so far, especially for jobs, but the
broader picture remains decidedly mixed Sweden: Growth is coming down to a more
normal level but is still above trend Norway: All indicators point to higher growth Finland:
Growth remains below potential as competitiveness is being restored
SEPTEMBER PMI
Euro area: manufacturing PMI strengthens – Danske
Bank
Despite small drop, euro area activity remains resilient – Pictet
Euro zone business growth near two-year low in September: PMI – Reuters
Euro-area flash PMIs: No reasons for the ECB to hurry up – Nordea
EUROPEAN CENTRAL BANK
ECB back in court? – ABN AMRO
ECB policymakers say rates near bottom even if recovery is disappointing – Reuters
Draghi Wants Fewer Banks. Good Luck With That! – BB
UNITED STATES
Kocherlakota: The Fed's
Mission: A Rocket Launch From Jupiter – View
/ BB
The economy needs a lot more momentum to break free of the powerful pull
of zero rates.
OTHER
Banks have a dubious
business model and markets have noticed – FT
Apparently, when deprived of their ability to gouge or defraud their
customers, most big lenders have a hard time justifying to the markets they are
capable of creating value.
An anomaly that shows markets are not as liquid as before – The Economist
The low-rate world – The
Economist
Central banks have been doing their best to pep up demand. Now they need
help
REGULARS
Danske Daily
– Danske
Bank
Eye-Opener
– Nordea
Japanese PMI above 50; risk on; and
no more easing from Norges Bank
Morning Markets
– TF
It's anniversary time – three months
to the day after a majority of British voters made their fateful decision to
quit the European Union and we are no nearer a resolution.
Daily Market Comment
– Marc
Chandler
It is Friday and the Dollar is
Firmer Again
Daily Market Comment
– Macro
Man
Daily Press Summary
– Open
Europe
Brussels Playbook
– Politico
US Open – ZH
Global Central Bank-Driven Stock
Rally Fizzles; Crude Rebounds On Saudi Oil Production Cut Report
Frontrunning
– ZH
From the Floor –
TF
Some of the glow has come off the post-FOMC
risk rally but in Saxo FX head John Hardy's view "the theme right now is
markets going back to the central bank punchbowl".
FINNISH
Aamukatsaus – Nordea
Euroalueen
yritysten luottamus pysyy vahvana * Tänään äänessä on useita keskuspankkien
edustajia * Tärkein datajulkistus on euroalueen palvelusektorin
ostopäällikköindeksi (PMI) * Norjan keskuspankki piti korot odotetusti
ennallaan