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EUROPE
Interview with Joseph Stiglitz – Europp
“The cost of keeping the
Eurozone together probably exceeds the cost of breaking it up”
Apple CEO: EU ‘intentionally misleading’ on
taxes – Politico
EUROPEAN
CENTRAL BANK
Speech by Yves Mersch,
Member of the Executive Board of the ECB
Economists predict
extension of bond buying past March 2017 * Almost half of survey respondents
expect ECB action this week
ECB warnings and yield target allusions – FT
It's running out of
available bonds to buy. The constraint is self-imposed and, as such, can be
alleviated.
QE: quantitatively shrinking collateral reuse – FT
QE slowdown to EUR60bn and further out on the
curve in Germany – Danske
Bank
GERMANY
Far-right AfD overtakes
Merkel’s conservatives in regional vote – Politico
Angela Merkel stands by
refugee policy despite AfD gains – Politico
AfD delivers another
shock, but don’t rush to write Merkel off – Open
Europe
UNITED
KINGDOM
May Sees Difficult Times
Ahead for U.K. Economy Post-Brexit – BB
UK economy will suffer
after Brexit vote: British PM May – Reuters
British government to
set out plans on post-Brexit ties with EU in coming week – Reuters
Brexit may bring
difficult times, says Theresa May – BBC
Theresa May's China trip
more than a 'getting-to-know-you session' – BBC
Theresa May: I’ll push
for best deal on Brexit – Politico
The only sensible way
forward is an enhanced free-trade agreement – View
/ BB
Theresa May:
Points-based migration no ‘silver bullet’ – Politico
Brexit minister calls
for ‘unique’ EU deal – Politico
Brexit shock dissipates
– UK PMI review – Nordea
Volume of retail trade
up by 1.1% in euro area – Eurostat
OTHER
IMF, WTO, OECD leaders speak about trade concerns in China * IMF’s
Lagarde, WTO’s Azevedo urge businesses to speak out
More political risks, another devaluation ahead
Austerity and the rise
of populism – Frances
Coppola
REGULARS
Danske Daily
– Danske
Bank
Eye-Opener
– Nordea
Morning Markets
– TF
Markets have certainly moved quickly
to dismiss the possibility of a rate hike this month but beneath the consensus
there are some big hitters who think Fed chair Janet Yellen just might make the
move this month.
Euro wrap-up
– Daiwa
Daily Market Comment
– Marc
Chandler
While Americans were Celebrating
Labor Day
Daily Press Summary
– Open
Europe
Brussels Playbook
– Politico
US Open – ZH
US Holiday, Global Stocks Rise As Dollar
Sinks, While Fireworks Break Out In Crude
FX Update –
TF
Friday saw a rather
weaker-than-expected US jobs report which triggered a series of choppy moves in
major USD pairs market action that leaves USD traders lacking any constructive
signal on where greenback is headed next. Today’s focusis on whether the recent
GBP surge can extend.
From the Floor
– TF
Markets opened September's first
full trading week in the green in Asia but the month's central bank meetings
and political risks – most notably in Greece and Italy – could come to further
underscore the shakiness of the current order.
FINNISH
Ruotsin matkimisen vaikeus – Sakari
Heikkinen