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Wednesday, November 1

1st Nov - Another green day, quiet





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UNITED STATES
What's Going Wrong With the Tax Bill?BB
The longer this goes on, the greater the chance that it's just all going to fall apart.

  “TRUMP-RUSSIA”
Social Media Companies Get Unaccustomed Grilling on Russia Ads – BB
Facebook, Twitter: Russian actors sought to undermine Trump after election – Politico
Russia Tried To Undermine Trump After The Election – ZH

  JOBS
October private sector jobs +235,000 – ADP
ADP Payrolls Highest Since March: +235K In Post-Hurricane Rebound – ZH
ADP Data Show U.S. Companies Added 235,000 Jobs in October – BB
U.S. private sector adds 235,000 jobs in October: ADP – Reuters


OTHER
End of QE Didn't Kill Bull Market. Start of QT Won't Either The Fat Pitch
Quantitative Easing (QE) ended 3 years ago today. This was widely expected to mark the end to the bull market (post). Instead, US stocks have risen another 37%.

Goldman: Global Capex Is Accelerating (But It Might Not Be Good News)
ZH

BOJ governor candidate Ito flags risk of ending stimulus too earlyReuters

Financial stability implications of artificial intelligence and machine learningFSB
Rise of the machines must be monitored, say global finance regulatorsReuters


REGULARS
FirstFT Daily BriefingFT
New York terror attack, Westminster scandal deepens, DIY diamonds

WSJ CityWSJ
Trump Looks at Immigration Changes After NY Terror Attack Kills Eight, Analysts Bullish on Oil

“Best of the web” daily chartsLukas Daalder

Danske DailyDanske Bank

Eye-OpenerNordea
Solid ISM expected, FOMC meeting could be a non-event * The periphery continues to outperform as political risks subside * The GBP was buoyed as markets expect BOE will hike

Morning MarketsTF
November begins with what is likely to be one of Janet Yellen's last FOMC meetings as speculation intensifies that she will be succeeded as Fed chair by Jerome Powell. In data markets await US ADP employment numbers and in FX the Kiwi has bounced on strong data.

Daily Market Comment Marc Chandler
Super 48 Hours

Brussels PlaybookPolitico
Puigdemont in Brussels — Professor Mifsud’s European connections — Slovak-Hungarian pipes

Five Things You Need to Know to Start Your DayBB

US OpenZH
World Stocks Soar To New Record Highs As Oil, Metals Surge Ahead Of The Fed

Frontrunning ZH


FINNISH
AamukatsausNordea
Euroalueen inflaatio oli tuskaisen heikko | Emme odota Fedin kokoukselta merkittäviä uutisia | Punta vahvistui euroa vastaan

Antti Ronkainen: EKP:n elvytyksen poliittinen merkitysSK
Inflaatiotavoitteen ohella kriisivaltioiden velanhoitokulujen alentaminen, euron heikentäminen eli vienninedistäminen, poliittisten kriisien liennyttäminen

Sami Metelinen: Uusi liittovaltio rakentuu Saksan ja Ranskan varaanVU
Keskustelussa EU:n syvemmästä integraatiosta on jäänyt huomioimatta olennainen: Saksa ja Ranska ovat matkalla liittovaltioon muista jäsenmaista riippumatta.

Jan Hurri: Miksi kukaan haluaisi elämisen kallistuvan kesken kiky-jumpan?IS
Kuluttajahintojen aito vakaus kiusaa keskuspankkiireja, joiden ”hintavakaus” vaatii nykyistä kovempaa hintojen nousua. Inflaation matelua suurempi mysteeri on, miksi kukaan haluaisi kesken kiky-jumpan vielä elämisenkin kallistuvan

Matti Viren: Työllisyysaste 72 % ja kaikki hyvin? US Puheenvuoro