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EUROPE
UNITED KINGDOM
Sterling drops to three-decade low amid ‘hard Brexit’ concerns – BB
Banks to Miss Out on Special Favors in May’s Brexit Plans – BB
Global Banks Fight Back on Brexit, Warning $51 Billion at Stake – BB
BoE faces quandary as UK weathers
early Brexit hit – Reuters
EUROPEAN CENTRAL BANK
Euro Surges After Report ECB Considering a QE ‘Taper’ – WSJ
QE tapering on the agenda - but more is needed first – Danske
Bank
Tapering is no answer for bond scarcity – Pictet
BANKS
Mark Gilbert: Deutsche Bank, Lehman and the End-of-Days Debate – View
/ BB
IMF says European banks need urgent asset clean-up, consolidation – Reuters
Economic Recovery Won’t Be Enough for 25% of Banks, IMF Says – BB
MACRO DATA
Euro zone business growth at 21-month low in September - Reuters
Eurozone Composite PMI – Markit
UNITED STATES
BofA: Evidence Of An Imminent
Recession – ZH
FEDERAL RESERVE
Should the Fed be worried about inflation? – ABN
AMRO
Hard To Say That November Is Really "Live" – Tim
Duy
MACRO DATA
ADP Employment Tumbles As Manufacturing Slump Continues – ZH
ADP: Private Employment increased 154,000 in September – Bill
McBride
U.S. private sector adds 154,000 jobs in September: ADP – Reuters
Service Firms in U.S. Rebound to Best Expansion in 11 Months – BB
September Services PMI – Markit
OTHER
El-Erian: Markets
Struggle to Price In Year-End Uncertainties – View
/ BB
Political risks, central banks, the economics of protracted low growth
EM FX and the US presidential election – Nordea
The outcome is binary: A Trump win is likely to prompt an immediate
sell-off of risky assets and, in turn, weakening of EM FX, while the reaction
to a Clinton win would be the directly opposite albeit with less erratic market
moves.
Japan Economic Outlook – Nordea
Beating history but missing target
Debating the Supply Side of Growth – BB
Tyler Cowen and Noah Smith met online to debate the merits of government
efforts to boost the economy by stimulating demand. Here they follow up that
discussion by debating ways to stimulate the economy by making it more
productive and efficient.
IMF WORLD ECONOMIC OUTLOOK
World Economic Outlook – IMF
World Economic Outlook – IMF
IMF Video: World Economic Outlook Press
Briefing – IMF
Transcript of the Press Conference – IMF
Podcast: IMF World Economic Outlook – IMF
Maurice Obstfeld: The World Economy: Moving Sideways – IMF
Danske Daily
– Danske
Bank
Eye-Opener
– Nordea
ISM non-manufacturing to rebound.
Rates back up as oil breaks the August high. GBP move overdone.
Morning Markets
– TF
This week already brought
surprisingly good Construction and Manufacturing PMIs for the UK and yesterday
the IMF followed with lifting the GDP forecast. Today it is time for the
Services PMI. And another positive surprise?
Euro wrap-up – Daiwa
Daily Market Comment –
Marc
Chandler
Euro Remains Firm Despite Dubious
Tapering Story
Daily Market Comment
– Macro Man
Thanks, ECB
Daily Press Summary
– Open
Europe
Brussels Playbook
– Politico
Poland to dump Tusk — UKIP turmoil —
Climate hypocrisy
US Open – ZH
European, EM Stocks Slide On ECB
Taper Concerns; US Futures Flat
Frontrunning
– ZH
FX Update
– TF
More December rate hike talk and a
sharp rise in US bond yields accompany a firming greenback. After some initial
weakness yesterday the euro matched the US dollar’s gains late in the Tuesday
session on talk of an ECB QE taper.
From the Floor
– TF
In a global market characterised by
seemingly endless stimulus even the mildest of hawkish remarks from central
bankers can prompt significant movements. Just look at the USD...
FINNISH
Aamukatsaus
– Nordea
Punta
historiallisen alhaalla * EKP:n Mersch vihjaisi, ettei talletuskoron
lisälaskuja ole tulossa * Republikaanien varapresidenttiehdokas Mike Pence
esiintyi rauhallisesti yöllisessä vaaliväittelyssä * Italia laski liikkeelle
ensimmäisen 50-vuoden velkakirjansa
Raimo Sailas: Mauno Koivisto on mainettaan
kevyempi taloustuntija – Verkkouutiset
Valtiovarainministeriön
eläköitynyt valtiosihteeri avaa kirjassa suhdettaan entiseen tasavallan
presidenttiin.