7th Nov - First real red day since August

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EUROPE

Greece’s membership of the euro is still tenuous – FT

A bare majority want to remain on the single currency -- and most of those do so out of fear rather than love.

Key ECB Policy Makers Are Said to Have Challenged QE Pledge – BB

Key officials Coeure, Weidmann, Villeroy said to back shift * ECB currently plans to buy until inflation goal is in sight

Real exchange rate misalignments in the euro area – ECB

UNITED STATES

Multinationals Scurry to Defuse House Tax Bill’s ‘Atomic Bomb’ – BB

Tax writer offers changes amid range of industry complaints * Bill aims at offshore profit-shifters, hits many others too

OTHER

Yield Curve & Credit Markets Flash Red, Small Caps Slump On Tax Turmoil – ZH

Bond-Market Phenomenon Unseen Since '04 Explains Curve Conundrum – BB

Stock Market Jitters Suggest Fading Optimism on Tax Cuts – BB

Do Portfolio Factors or Characteristics Drive Expected Returns? – Alpha Architect

A Reality Check on Stock-Market ‘Anomalies’ – WSJ

CIC Is Said to Join Goldman for $5 Billion U.S. Investment Fund – BB

Private-equity fund to focus on U.S. manufacturing industry * Goldman CEO Blankfein in China this week along with Trump

  SAUDI ARABIA

Saudi Corruption Purge Snares $33 Billion of Net Worth – BB

Three of the kingdom’s richest people are under arrest * Authorities say suspects are innocent until proven guilty

Saudi Arabia Says Only Private Accounts Suspended in Crackdown – BB

Central bank says accounts of ‘persons of interest’ frozen * Princes, businessmen, officials arrested in anti-graft drive

Saudi mass arrests jolt markets but many see overdue swoop on corruption – Reuters

Thomas Friedman: The end of the Saudi ruling family in its current form – CNBC

A revolution happening in Saudi Arabia that could change the kingdom forever *  This is the new way. There's going to be one family

REGULARS

FirstFT Daily Briefing – FT

Disney’s Fox hunt, Weinstein army of spies, Snapchat’s disappearing act

WSJ City – WSJ

Saudi Crackdown Raises Stakes for Investors, U.K. Retail Sales Fall, Time for Market Caution?

“Best of the web” daily charts – Lukas Daalder

Danske Daily – Danske Bank

Eye-Opener – Nordea

New equity records; Chinese FX reserves ahead; EUR weakness * Negative valuation effects on China’s FX reserves, but change likely to be small Oil prices remain elevated

Morning Markets – TF

APAC share markets rose in a determined manner overnight with Australia up 1.02% Hong Kong up 1.24% and Japan up by 1.74% on the back of rising commodities prices.

Daily Market Comment – Marc Chandler

Brussels Playbook – Politico

Summit troubles — Finance ministers gather — Eurobonds

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

US Open – ZH

Global Stock Meltup Sends Nikkei To 25 Year High

Frontrunning – ZH

FINNISH

Aamukatsaus – Nordea

Suomen vienti vahvassa vedossa * Ruotsin teollisuustuotanto kasvoi kolmannella neljänneksellä * Saksan tehdastilaukset yllättivät positiivisesti * Öljyn hinta nousi 64,27 dollariin tynnyriltä