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EUROPE
Brexit experts, confess to your errors and carry
on – FT
May’s Hints Hit the Pound – BB
Life after Brexit could
mean life outside the single market, the prime minister hints.
Pound Falls to 10-Week Low as May Hints at Single-Market Exit – BB
May signals priorities are controlling immigration, lawmaking * Sterling falls against all G-10 currencies after comments
Pound Falls to 10-Week Low as May Hints at Single-Market Exit – BB
May signals priorities are controlling immigration, lawmaking * Sterling falls against all G-10 currencies after comments
UK PM May: Wrong to say hard Brexit is inevitable – Reuters
Le Pen Says Brexit Isn’t Disaster and France
Should Be Next – BB
UNITED STATES
The macro data from the
past month continues to mostly point to positive growth. On balance, the
evidence suggests the imminent onset of a recession is unlikely.
OTHER
The year has started on a positive note, with upbeat macro data. The turn
is on the way? Is Fed behind the curve, and how to play it? First thoughts of
2017.
Martin Enlund: The global backdrop currently looks benign even though
economic surprise indices are looking lofty. Political tail risks are
under-priced however; a bright fiscal future is not in the price [of e.g. the
dollar], nor is a dark trade future…
REGULARS
USD gaining on NFP, Brexit details
pledged, Fedspeak & Trump awaited * US labour market report roughly in line
with expectations * USD gaining over the week-end * Fedspeak and Trump press
briefing on the agenda
The mood was cautiously upbeat in
Asian markets today driven by gains on Wall Street on Friday. While there were
modest gains on some Asian bourses and Australia's S&P/ASX200 surged
sharply higher. Meanwhile today's focus is on the Eurozone where unemployment
is expected to hold steady as confidence climbs.
Euro wrap-up
– Daiwa
Sterling Pounded by May's Hard
Brexit
Five Things You Need to Know to Start Your Day – BB
Sterling slides * Yuan volatility *
Fed hawks * Markets mixed * UK woos Trump
10 things you need to know before the opening bell – BI
Party Like The Dow Is 19,999: US
Futures Dip As Global Currencies Stumble; Oil Down, Gold Up
Frontrunning –
ZH
Over the weekend UK prime minister
Theresa May made explicit comments on the risk that Brexit means the UK will
have to leave the single market. Sterling took it on the chin and GBPUSD traded
to new two-month low.
FINNISH
Avaako Trump talouspolitiikkansa suuntaa? * Kiinan
valuuttavaranto supistui 41 miljardilla dollarilla joulukuussa * USA:n
työmarkkinoilla merkkejä palkkakehityksen kiihtymisestä * Fediltä luvassa
useita puheenvuoroja tällä viikolla