25th Oct - Nervousness ahead of ECB

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EUROPE

Banks report waning impact of ECB’s QE programme – ABN AMRO

This should strengthen the ECB’s confidence that the credit channel is functioning smoothly, and that it can start gradually slowing down its QE programme soon.

Three Developments in Europe You may have Missed – Marc Chandler

A European Monetary Fund – Simon Wren-Lewis

UNITED STATES

FOMC Preview – Danske Bank

No new signals, while Trump is set to announce new Fed chair soon

Stocks Slide On Report House Considering Capping 401(k) Plans – ZH
Tax plan worries, tepid earnings halt rally – Reuters

OTHER

Bank of Japan Preview – Danske Bank

Ultra-loose policy measures remain in place on the back of vote of confidence in Abenomics

China’s Minsky Moment – Kevin Muir

'Follow the Money' Getting More Important in Markets - BB

Pay attention to what central bankers are doing and not what they say they are doing.

REGULARS

FirstFT Daily Briefing – FT

China’s new leadership, Boeing reports, selling the dead

WSJ City – WSJ

City Ups Brexit Pressure, Lloyds Profit Soars, Draghi’s Linguistic Challenge

“Best of the web” daily charts – Lukas Daalder

Danske Daily – Danske Bank

Eye-Opener – Nordea

Ifo numbers, BoC on hold, rate cut expected in Brazil today * Markets positioning ahead of ECB tomorrow – higher rates * Stronger EUR and USD on the back of higher rates

Morning Markets – TF

The Nikkei 225 broke its record-shattering rally today but European shares maintain a cautious bid into the early session. Meanwhile investors are looking towards tomorrow's ECB meeting for news on the bank's policy normalisation plans.

Daily Market Comment – Marc Chandler

Sterling and Aussie Interrupt the Waiting Game

Brussels Playbook – Politico

Rape claims at Parliament — Tusk’s future EU vision — Polish reshuffle

Five Things You Need to Know to Start Your Day – BB

US Open – ZH

Bond Yields Break Out Around The World As Japan's Record Stock Rally Ends

Frontrunning – ZH

FINNISH

Aamukatsaus – Nordea

Saksassa julkaistaan IFO-indeksi lokakuulta | Kanadan keskuspankilla mahdollisuus kolmanteen peräkkäiseen koronnostoon | Euroalueen lokakuun ostopäällikköindeksit odotusten mukaiset