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EUROPE
Wolfgang Münchau: Italy poses a huge threat to
the euro and union – FT
One day the country will
be led by a party in favour of withdrawal from the currency
Investors Flood Into
European Financial ETF After Draghi's Non-Taper Taper – BB
What Is Plan B for Monte
Paschi After Italy Vote?: QuickTake Q&A – BB
Contribution on the review
of the EU macroprudential policy framework – ECB
UNITED STATES
Economists Are Out. Goldman Is Back In. – View / BB
FEDERAL RESERVE
Nomura: FOMC Preview – Bill McBride
Goldman: FOMC Preview – Bill McBride
Merrill: FOMC Preview – Bill McBride
Review of FOMC Projections – Bill McBride
What FOMC Says may be More Important than What it Does – Marc Chandler
TRUMP / CHINA
Gideon Rachman: Trump faces five fateful foreign policy choices – FT
A clash between the US and China a rising risk for markets – Danske Bank
Beijing hits back at Donald Trump over Taiwan stance – FT
China warns Trump against ignoring its Taiwan interests – Reuters
China Warns Trump Against Using Taiwan for Leverage on Trade – BB
China’s Red Line Has Asia Braced for Lose-Lose Battle With Trump – BB
China’s Red Line Has Asia Braced for Lose-Lose Battle With Trump – BB
TRUMP / STOCK MARKET RALLY
Broadening Trump Rally Christens a New S&P 500 Champion Each Day – BB
Ritholz: Six Things to Consider as Stocks Break Records – View / BB
Investors bet on tax cuts, repatriated profits and deregulation – The Economist
Breaking The Correlation Curse – ZH
El-Erian: How to Make This Stock-Market Rally Last – View / BB
OTHER
Policy meetings littered with caveats but likely no surprises * Treasury
auctions, Australia jobless report also loom
Macro Monday: Focus
turns to Fed decision – TF
This is the final Macro Monday for this year where the week's focus will
be all on the Fed.
Aurelija Augulyte’s FX:
tit for tat – Nordea
ECB has managed to taper without a tantrum. Now Fed's turn. Market
expectations high, as the global economic surprise index at 3-year peak. Watch
out for risk...and make bonds loved again. JPY above all.
Russia among non-OPEC nations pledging to cut 558,000 barrels * Saudi
minister says he’ll go beyond commitment at OPEC meeting
China Economic Outlook:
Uncertain times – Nordea
Despite better momentum, Chinese growth will decline further in the years
ahead due to structural adjustment. Moreover, it faces the risk of trade
tension with the US, a housing bubble and capital outflows that could spark
devaluation fear
A paradigm shift in markets? * Highlights of global financial flows * Downsized
FX markets: causes and implications * The changing shape of interest rate
derivatives markets * Emerging derivatives markets? * Non-deliverable forwards:
impact of currency internationalisation and derivatives reform * Does the
financial channel of exchange rates offset the trade channel?
Every time a public figure behaves with less-than-stellar competence,
we're incredulous. We probably shouldn't be
OPEC AND OIL
Cut, cut and yet another cut - Oil +4% – Nordea
Cut, cut and yet another cut - Oil +4% – Nordea
Oil hits highest since mid-2015 as global producers agree to cut – Reuters
Oil Surges as Saudis Eye Deeper Cuts While Non-OPEC Joins Deal – BB
Wall Street: "Saudis Are Wrong To Think US Shale Won't Respond"
– ZH
REGULARS
Danske Daily
– Danske
Bank
Eye-Opener
– Nordea
Non-OPEC production cut * Next up is
Fed Chair Yellen, rates to consolidate ahead of Fed rate hike * USD/JPY rose
too fast – correction likely
Morning Markets
– TF
Crude oil prices have soared to
their highest levels in almost two years after the unlikely alliance of Russia
and Saudi Arabia has successfully engineered an output-cutting pact designed to
restore balance to the troubled market.
Daily Market Comment
– Marc
Chandler
Dollar and Yen Trade Lower to Start
the Week
Daily Market Comment
– Macro
Man
What do post-election rallies say
about future returns?
Daily Press Summary
– Open
Europe
Brussels Playbook
– Politico
Five Things You Need to Know to Start Your Day – BB
Oil jumps * Bonds sell off * Italian
banks * Markets slip * Tillerson for secretary of state?
US Open – ZH
Global Stocks, Bonds Slide; China
Tumbles As Oil Surges To 17 Month High
Frontrunning
– ZH
FX Update
– TF
USDJPY has pulled through a key
retracement level this morning on the strength of oil and as US interest rates
are poised at the high of the cycle ahead of this week’s chief focus: the FOMC
meeting.
FINNISH
Aamukatsaus – Nordea
Mitä Yellen sanoo tulevasta? * OPEC:n ulkopuoliset
öljyntuottajamaat pääsivät sopuun lisäleikkauksista * Norjan keskuspankilta ei
ole odotettavissa dramaattisia siirtoja * Julkaisimme uusimmat valuutta- ja
korkoennusteemme
Kriisirahaston
johtaja uskoo: Euro voidaan korjata pienin askelin – HS
Euro voidaan korjata, vaikka suuret visiot eivät
äänestäjiä kiinnostakaan, sanoo euroalueen kriisirahaston johtaja Klaus
Regling.