EUROPE
Political Focus Shifting in Europe – Marc
Chandler
There was a huge sigh of
relief among investors when it became clear that the populist-nationalist wave
that ostensibly led to Brexit and Trump's election was not going to sweep
through Europe.
Italy Knows How to Solve Catalonia's Problem – BB
A South Tyrolean-style
arrangement should resolve two of the Catalan separatists' biggest grievances.
EUROPEAN
CENTRAL BANK
ECB's Draghi pledges rock-bottom rates as Germany calls for change
– Reuters
Draghi talks up rate
guidance – ABN
AMRO
UNITED STATES
Trump Containment Is No
Constitutional Crisis – BB
Whiffs of Doubt Appear
in Fed's View of Inflation – BB
FOMC minutes: Core
members still want to hike in December – Danske Bank
OTHER
Rejoice, the 'Market of Stocks' Has Returned – BB
Stock correlations at
pre-crisis lows * Fed’s tightening bias a mistake? * Has central bank
communication added confusion? * Mexican Peso under pressure
Low Bond Yields Have Little to Do With Lax
Monetary Policies – BB
Demographic trends are
having a very significant impact on savings and risk appetite.
Goldman Has a New Way for You to Bet on the Next
Banking Crisis – BB
Derivatives provide
hedge or exposure to high-yield AT1 notes * Other market makers to start
publishing tradeable prices soon
The New Rules That Could Make ETFs Unstoppable –
BB
Passive asset managers
have been on a roll. They’re about to get some more help from new regulatory
regimes including MiFID II.
Returns adjusted for
risk are negative in 2017: Deutsche Bank * Discretionary managers failing to
anticipate economic shifts
Party Congress lays ground for China’s future
policies – Nordea
The importance of
China’s 19th Party Congress is not rightly reflected in the immediate market
impact which we expect to remain limited. The high-level political nominations
can set the tone for China for the far future.
REGULARS
Central banks’ conundrum, tongue-tied in Thailand, Nafta on the brink
U.K. Won’t Deregulate City After Brexit, Warning on Banks’ Profitability
FOMC minutes weaken the USD: Fed on track for a December hike, with some
doubts remaining * Swedish inflation today * Peripheral yields lower on receding
Spanish political risk
European equities are poised for a positive start Thursday after Asian
bourses tracked another record-breaking session on Wall Street largely due to
some dovish minutes from the Federal Reserve.
Discipline Argues Against Consensus Narrative
Germany military beyond Nazism — Serbian PM interview — Shh-engen
Fed – who and when? * Brexit - prepare for the worst * Bank earnings
season * Markets higher * Tax changes
Global Stocks Hit New Record High, Dollar Mixed After Dovish Fed
FINNISH
Pöytäkirjan mukaan Fedin jäsenet erimielisiä heikon
inflaation väliaikaisuudesta | Odotamme Ruotsin inflaation nousseen | Euro
jatkoi vahvistumistaan dollaria vastaan