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EUROPE
There's a Reason Italy's
Losing to Spain in the Recovery Stakes – BB
Euro 'house of cards' to
collapse, warns ECB prophet – The
Telegraph
ECB is becoming dangerously over-extended and the whole euro project is
unworkable in its current form, the founding architect of the monetary union Otmar
Issing has warned.
EUROPEAN CENTRAL BANK
Results of the October 2016 euro area bank lending survey – ECB
Euro zone banks to tighten access to corporate lending: ECB survey – Reuters
Credit conditions improve in the euro area – Pictet
Draghi’s QE History Lesson Is That Flexibility Can Backfire – BB
Draghi Seen Embracing More Before Less QE as Inflation Edges Up – BB
Euro Watch – No underlying inflationary pressures – ABN
AMRO
UNITED KINGDOM
U.K. Inflation Rate Surges to Highest in Almost Two Years – BB
Carney to Ignore Inflation Jump as November Rate Cut Seen – BB
UNITED STATES
FEDERAL RESERVE
Fed’s Fischer Warns of Risk to Running Too High-Pressure Economy – BB
Are Yellen and Fischer Really Worlds Apart? – Tim
Duy
Yellen and Fischer Still Singing from the Same Song Book – Marc
Chandler
U.S. rates expected to
rise in December, but lackluster growth looks likely – Reuters
CONSUMER PRICE INDEX
Core CPI Above 2% For 11th Straight Month As Cost Of Living Surges – ZH
CPI increased 0.3% in September – Bill
McBride
Rising gasoline, rents push U.S. inflation higher in September – Reuters
Consumer Prices in U.S. Rise at Fastest Pace in Five Months – BB
OTHER
IMF Annual Meeting
Special – Danske
Bank
Emerging markets set to be main driver of global growth
Yellen to economists:
aggregate supply-demand thing might need a rethink – FT
Central Bankers Rejoice:
There Are Signs That Inflation Is Actually Arriving – BB
Great Graphic: Consumer
Inflation: US, UK, EMU – Marc
Chandler
REGULARS
Danske Daily
– Danske
Bank
Eye-Opener
– Nordea
Fed close to targets, RBA sees
reasonable prospects, USD on the retreat * US and UK CPI today, Chinese GDP
tomorrow * USD on the retreat after reaching a 7-month high * Down-under
currencies faring well
Morning Markets – TF
The US dollar is broadly lower as
Tuesday's European trading session begins on what is likely to be profit-taking
and position adjustment in the wake of last week's strong gains. One noteworthy
exception is the renminbi which has weakened to a six-year low.
Euro wrap-up
– Daiwa
Daily Market Comment –
Marc
Chandler
Dollar Slips Broadly but not Deeply
Daily Market Comment
– Macro Man
Daily Press Summary
– Open
Europe
EU-Canada trade deal hangs in
balance as Belgian region holds out for greater social and environmental
protection * US envoy calls for certainty on UK-EU status before opening trade
talks * Steel industry seeks EU protection from Chinese dumping * Paris and
Frankfurt look to attract the financial sector post-Brexit * Spanish Foreign
Minister: If Brits insist on limiting free movement of people, a Canada-style
deal is the only solution * Attorney General says Article 50 would be
“irrevocable” once triggered * Former ECB Chief Economist: “The house of cards
will collapse”
Brussels Playbook
– Politico
CETA saga — Europe’s refugee time
bomb — EU money troubles
US Open – ZH
Global Stocks Rebound As Fed Fears
Ease, Dollar Falls From 7 Month High
Frontrunning
– ZH
From the Floor
– TF
Netflix hit it out of the park overnight
for a stellar third quarter that bulldozed its way past expectations but there
is still much to be concerned about as it embarks on a $6 billion spend on new
content in 2017.
FINNISH
Aamukatsaus
– Nordea
Iso-Britannian
inflaatio kiihtyy * USA:n teollisuustuotanto vahvistui hieman syyskuussa * EKP
julkaisee pankkien luotonantoa koskevan kyselyn * Dollari vahvana
Holmström, rahamarkkinat ja
rahoituskriisit – Roger
Wessman