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Thursday, October 20

20th Oct - ECB did nothing, action in December





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EUROPE 
  EU LEADERS’ SUMMIT
EU leaders on the edge of a big fail even before they sit down – Politico
Theresa May presents EU a united Brexit front – Politico
Theresa May gets a hard welcome from EU ‘nest of doves’ – Politico

  EUROPEAN CENTRAL BANK MEETING
Monetary policy decisions – ECB
ECB leaves door open to more stimulus, points to December meeting – Reuters
Draghi Signals ECB Unlikely to Stop QE Plan Without Tapering – BB
Draghi Says Nothing to Undermine Expectations of December – Marc Chandler
No ECB QE tapering discussion – we expect QE extension – Danske Bank
EUR Jumps And Dumps, Stocks Slide As Draghi Suggests Nothing Lasts Forever – ZH
ECB: rendezvous in December! – Pictet
Draghi signals ECB has six weeks to revamp QE – FT
​ECB review: We didn’t discuss… - Nordea


REGULARS
Danske DailyDanske Bank

Eye-OpenerNordea
Draghi day, BoC discussed adding stimuli * October pause for the ECB? Rates waiting for Draghi. BoC’s actively discussed adding stimulus.

Morning MarketsTF
The third and final US presidential debate was bitter and acrimonious but likely changed few votes given the polarised electorate. Meanwhile American Express shares soared in after-hours on a strong earnings beat. Microsoft and American Airlines are up today among others.

Euro wrap-upDaiwa
Bunds made modest gains as the ECB left policy unchanged but flagged concerns about the weakness of underlying inflation * Gilts were little changed as UK retail sales figures disappointed expectations.

Daily Market CommentMarc Chandler
ECB Unlike to Shake Dollar's Slumber

Daily Market CommentMacro Man
Crude and inflation

Daily Press SummaryOpen Europe

Brussels PlaybookPolitico

US OpenZH
Global Stocks, US Futures Modestly Higher As Debate Digested, Draghi Eyed

FrontrunningZH


FINNISH
AamukatsausNordea
EKP jättää isot päätökset joulukuuhun * Ison-Britannian vähittäismyynti pysynyt odotettua vahvempana * Odotamme Ruotsin työllisyyden lähtevän jälleen nousuun * Galluppien mukaan Clinton voitti viimeisen vaaliväittelyn