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EUROPE
The Riksbank left its
policy rate unchanged at -0.50% today. The QE programme was extended by SEK
15bn in nominal government bonds and by equally much in index-linked bonds in
H1 2017.
Italy lawmakers approve 20 billion euro plan to prop up banks – Reuters
Italy Bank Rescue Won’t
Fill $54 Billion Hole on Their Books – BB
Italy To Nationalize Monte Paschi After Private Sector Rescue
Fails – ZH
OTHER
No change to bond yield target in BoJ's latest monetary policy review * BoJ
attempting to control both price and quantity in the bond market * Strong
correlation in place between USDJPY and yield spread
REGULARS
Riksbank today * Turkey kept rates
steady
The rally in equities has continued
to ratchet ever higher as Dow leads the bandwagon in its fresh push for the
20000 milestone. European equities will likely join the wave Wednesday but are
we getting ahead of ourselves?
Dollar Mixed in Thinning Activity,
Dow 20,000 Watch Continues
Euro banks hit * Blacstone closes
Senfina * Oil rises * Markets slip * Brexit plans
Dow At All Time High, Dollar Dips,
Europe Lower Dragged By Sliding Spanish, Italian Banks
A bounce in global bonds yesterday
saw the US dollar strength easing and JPY crosses pushing back lower as we mull
whether markets are set to lose energy into year-end or finish the calendar
year with a flourish. Today's Riksbank session could also prove SEK-positive.
FINNISH
Riksbank jahtaa inflaatiota * Odotamme Norjan
työttömyysasteen pysyneen 4,8 prosentissa * Turkin keskuspankki päätti olla
nostamatta ohjauskorkoaan * USA:n dollarin arvoa kuvaava DXY-indeksi kävi eilen
korkeimmalla tasollaan sitten vuoden 2002