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EUROPE
Daniel Gros: Can Trump Save the Euro? – Project
Syndicate
If the eurozone’s
breakdown is to be avoided, it urgently needs an economic boost – one that US
President-elect Donald Trump may just deliver.
Give Greece Credit, Even Just for Treading Water – View
/ BB
Greek Bonds may Soon be
Included in ECB Purchases – Marc
Chandler
Would It Be Premature for ECB to Talk Tapering? – WSJ
ITALY
Renzi’s referendum,
Europe’s future – Eric
Lonergan
Referendum awakens the
Italian banking saga – ABN
AMRO
Euro, BTPs Hit On Local
Reports Italy May Hold Early Elections – ZH
UNITED STATES
Editorial: The Wrong Way
to Stand Up to China – View / BB
OTHER
Goldman Sachs US Equity
Strategy: "Hope" – ZH
Populism shaking up mainstream economics – TF
Populism is not only shaking the foundations politically but also forcing
economists to rethink their approaches to theory. Amid all the angst of the
elites there is a valid role for populism in economic thinking.
The Pessimist’s Guide to 2017 – BB
Global sentiment
indicator supports growth scenario – Pictet
Michael Lewis' Portrait of Two Men Who Changed the World – View / BB
REGULARS
Danske Daily – Danske
Bank
Eye-Opener
– Nordea
Rates defy gravity, EUR jumps,
Scandi focus today * Italian PMIs rise despite political uncertainty * Rates
aim higher again * EURUSD above 1.07 as Market shrugs European politics
Morning Markets –
TF
Equities picked up across much of
Asia today with concerns about Italy pushed aside and investors focusing once
more on the US commodities and local issues. In South Korea leaders of several
top conglomerates faced parliament over allegations that they paid the nation's
troubled president for favours. But Korean investors shrugged off the
corruption probe with the Kospi Composite heading sharply higher.
Euro wrap-up
– Daiwa
Daily Market Comment
– Marc
Chandler
You Can Almost Hear a Pin Drop
Daily Market Comment –
Macro Man
Euro clarity
Daily Press Summary –
Open
Europe
Brussels Playbook
– Politico
US Open – ZH
Global Stocks Rise As Oil Dips; US
Stock Futures And Dollar Flat
Frontrunning
– ZH
FX Update
– TF
With perfect hindsight the market’s
expectations for immediate bearish implications from the weekend’s Italian
referendum were overblown. Once euro shorts all rushed for the exits at the
same time the squeeze was on.
FINNISH
Hämeen-Anttila:
Mistä populismin voima kumpuaa? – HS