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EUROPE
European prisons ‘ripe
for radicalization’: study – Politico
OTHER
The pre-crisis consensus was, and remains, very strong – the business
cycle would be managed by monetary policy, while fiscal policy would focus
solely on debt sustainability. In a world of zero interest rates, however,
fiscal policy has to contribute to supporting aggregate demand and protecting
against deflationary risks. This column outlines three ways in which a
well-designed expansionary fiscal policy stance can contribute to better
economic outcomes.
Next US president’s policies likely to be more growth friendly * Central
bank divergence needs to be watched * Spikes in volatility plead for investor
alertness
REGULARS
USD resurgent, yields at new highs,
ECB taper talk * Swedish inflation to remain too low. Stronger USD, higher
yields. CNY at new lows.
Russia surprised oil investors with
its decision to sign on to the Opec production cut deal last night but critics
wonder how far such cuts can really go.
Euro wrap-up
– Daiwa
The Dollar Remains Bid
China...playing silly buggers, or
defense?
Global Stocks Decline On Samsung
Woes; Rising Dollar Pressures Oil
The US dollar is rising back to the
top as US yields head higher the most important coincident indicator for USD
outperformance. EURUSD is pushing on range support again and the kiwi was
smashed for steep losses on fresh RBNZ rate cut signals.
The US dollar is pushing higher
against a Brexit-beleaguered sterling the yield on 10-year Treasuries is
climbing and leading stock indices across Europe are trading narrowly mixed
following a lacklustre Asian session.
FINNISH
Korkojen nousu jatkuu * Norjan inflaatio alitti maan
keskuspankin ennusteen * Saksasta saadaan rahoitusmarkkinoiden luottamusta
kuvaava ZEW-indeksi * Ruotsin inflaatio pysyy hitaana