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EUROPE
Simon Johnson: A
European Economic Miracle? – Project
Syndicate
Euro area annual
inflation down to 1.3% - Eurostat
Eurozone Inflation Beats
Expectations, Yet Euro Is Disappointed – ZH
Euro-Area Inflation Slows
as Draghi Urges Prudence in Exit – BB
OTHER
Rates: When Draghi sneezes – Nordea
The past two days have
recorded sharp intraday moves in European markets, driven by Draghi. While the
speech in itself on the margin contained few hawkish elements, it should not
have warranted the sharp move observed. Bigger moves after summer.
MARKET
CRASH
Oh How The Market Turns –
Macro Man
Nowhere to Run, Nowhere
to Hide – BB
REGULARS
Morning Report APAC – TF
Equities have lost ground today in Tokyo Hong Kong Seoul and Sydney in
the wake of falls on Wall St. The S&P 500 and Dow Jones Industrials had
their worst one-day declines since May on Thursday as tech stock losses wiped
out gains from the banks. Meanwhile it's a busy day for data today.
FirstFT Daily Briefing – FT
Market sell-off spreads, Merkel challenges Trump, travel ban returns
WSJ City – WSJ
Interpreting Central Bankers, Consumer Confidence Slides, EU Faces Budget
Battle
“Best of the web” charts – Lukas Daalder
Danske Daily – Danske Bank
Eye-Opener – Nordea
Consumer prices on both sides of the Atlantic today * Yields rose yet
again and recorded a sharp bear steepener * EUR keeps strengthening. SEK rose
ahead of Riksbank next week
Morning Markets – TF
The recent spate of hawkish central bank talk, most notably ECB president
Draghi's Tuesday outing, is washing over asset markets with bonds headed lower
and stocks following suit.
From the Floor – TF
Stocks and bonds were sold off again on Thursday in a fresh fit of
nervousness in a week where the European Central Bank exceeded itself in
confusing the financial markets with mixed signals.
Daily Market Comment – Marc Chandler
Greenback Stabilizes
Brussels Playbook – Politico
EU state funeral — Slovenia slams Croatia — US NATO ambassador named
Five Things You Need to
Know to Start Your Day – BB
10 things you need to
know before the opening bell – BI
US Open – ZH
Dollar, Bond "Carnage" Pauses; Global Stocks Rebound Led By
Tech Shares
Frontrunning – ZH
FX Update – TF
The highest weekly close since early 2015 and a long-term trendline are
near current levels in EURUSD ahead of a busy economic calendar next week.
Today also features important EU and US inflation data.
FINNISH
Aamukatsaus – Nordea
Tänään julkaistaan euroalueen inflaatio | Korot ovat
nousussa edelleen | Öljyn hinta on toipunut pohjalukemista