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Thursday, November 2

2nd Nov - Powell, tax plan, BOE hike





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EUROPE
Greece Is Planning a EU30 Billion Debt-Swap Exercise – BB
Greece Plans Debt Swap As It Prepares For The End Of Bailouts – ZH

  BANK OF ENGLAND
BOE Raises Interest Rate for First Time in More Than Decade – BB
BOE Rates By 25bps In 7-2 Vote; First Increase In A Decade; Pound Plunges – ZH
Pound and gilt yields drop after BoE decision – FT
‘Too upbeat’? Economists react to BoE decision – FT
BOE hikes rates for first time in a decade, sees only gentle rises ahead – Reuters
BoE keeps its flexibility on further rate hikes next year – Danske Bank
BOE seems happy with only one hike – Nordea


UNITED STATES
  TAX PLAN
After delay, Republicans in Congress prepare to introduce tax bill – Reuters
Corporate Tax Cut to Be Phased Out After a Decade – BB
Futures Slide On Report Corporate Tax Cuts To Be Temporary – ZH
Trump tax drive nears major milestone as U.S. House readies bill – Reuters
What We Know About the GOP Tax Bill Ahead of Today’s Rollout – BB
Here Are the House GOP’s Tax Bill Talking Points – BB
GOP Tax Plan "Talking Point" Highlights Released – ZH
House Tax Bill Has Major Changes for Businesses, Individuals – BB
Tax Bill Cuts Mortgage Deduction in Half for New Homes – BB
Homebuilders Plunge as New Buyers Could See U.S. Tax Break Cut – BB

  FEDERAL RESERVE
FOMC statement reinforces expectations of a hike in December – Nordea
Fed keeps rates unchanged, remains on road to December hike – Reuters
FOMC Overshadowed by Fed chair announcement – Danske Bank

Trump Passes Over ‘Excellent’ Yellen After Just One Term at Fed – BB
Powell to Lead Fed Overseeing Trump Economy Fraught With Risks – BB
Powell’s Views on U.S. Monetary Policy in His Own Words – BB
Powell for Federal Reserve chair could support stocks bull market – Reuters
Powell to Lead Fed Overseeing Trump Economy Fraught With Risks – BB
Wall Street Salivates Over One of Their Own – BB
The president opted for Yellen without Yellen – BB
El-Erian: Powell Brings Continuity and Experience – BB

  DATA
Manufacturing stays hot, but to weaken later – Nordea
U.S. third-quarter productivity fastest in three years – Reuters
Jobs report preview: stellar payrolls – Nordea


OTHER
Deutsche Bank Asks: "Is This The Beginning Of The End Of Fiat Money?"ZH

China leading indicators: Signs of a peak (again)Danske Bank

El-Erian: Big Tech Meets Big GovernmentProject Syndicate
In an ideal world, major tech companies would recognize and adjust to their growing systemic importance in step with external actors, including governments and consumers, thereby striking the right balance between innovation, consumer benefits and protection, and national security. But this is not an ideal world.


REGULARS
FirstFT Daily BriefingFT
Tory MP quits, what Russian Facebook ads look like, HSBC in hot water

WSJ CityWSJ
Investors Expect First U.K. Rate Rise in a Decade, Trump to Tap Powell for Fed

“Best of the web” daily chartsLukas Daalder

Danske DailyDanske Bank

Eye-OpenerNordea
Who will be the next Fed chair? * Focus on BoE and Fed chair nomination * NOK/SEK on the rise * Fed is priced to deliver a hike in December

Morning MarketsTF
Central banks lead today’s agenda with US president Donald Trump due to announce his nominee for the Federal Reserve chair while the Bank of England is expected to unleash its first interest rate hike in a decade.

Daily Market Comment Marc Chandler
Dollar Pulls Back in Asia

Brussels PlaybookPolitico
Europe’s FBI — Women rule — Ministerial harassment resignation

Five Things You Need to Know to Start Your DayBB

US OpenZH
Traders On Hold As "Super Thursday" Looms

FrontrunningZH


FINNISH
AamukatsausNordea
Vuosikymmenen odotus päättyy - Englannin keskuspankki nostaa korkoa tänään | Fed piti rahapolitiikan ennallaan | Dollari heikentyi euroa vastaan aamuyöllä