EUROPE
A successful
central bank should be boring – Pictet
The
ECB made no change to its monetary stance and policy guidance at its 13
September meeting.
European labour
market remains in rude health – Pictet
This
week euro area employment data confirmed that labour market recovery remains on
track.
Annual growth in
labour costs at 2.2% in euro area – EU
Danske Bank
Plunges On News US Investigating Money Laundering Fraud – ZH
UNITED STATES
Throw the textbook
away: US inflation is still modest – Pictet
Core
CPI inflation was relatively modest in August, rising only 0.08% month on
month, while the year-over-year (y-o-y) rate slowed to 2.2% from 2.4% in July.
Justin Fox: Yes,
the Tax Cuts Have Cost the U.S. Treasury Money – BB
Tax
receipts are down in nominal terms since the Tax Cuts and Jobs Act took effect.
Adjusted for inflation, they’re down a lot.
OTHER
Nouriel Roubini: The
Makings of a 2020 Recession and Financial Crisis – Project
Syndicate
Although
the global economy has been undergoing a sustained period of synchronized
growth, it will inevitably lose steam as unsustainable fiscal policies in the
US start to phase out. Come 2020, the stage will be set for another downturn –
and, unlike in 2008, governments will lack the policy tools to manage it.
REGULARS
EU Open Rundown – RANsquawk
Brussels Edition
Daily
– BB
FirstFT Daily
Briefing
– FT
WSJ Daily Economics – WSJ
Inflation
Eases Up | China’s Economy Stumbles | Budget Deficit Balloons
Danske Daily – Danske
Bank
Daily Market
Comment
– Marc
Chandler
Dollar
Losses Extended
Brussels Playbook – Politico
Summertime
proposal — Tajani’s Hungary surprise — Parliament forgets to check the calendar
Five Things You
Need to Know to Start Your Day – BB
US Open – ZH
Dollar
Suffers Biggest Weekly Drop Since February, Pushing Global Markets Higher
US Open Rundown – RANsquawk
Aamukatsaus – Nordea
Turkin keskuspankki ylitti markkinoiden odotukset
koronnostollaan | EKP piti odotetusti rahapolitiikkansa ennallaan, euro
vahvistui | Venäjän keskuspankki kokoustaa tänään, Ruotsista ja Suomesta
saadaan inflaatiolukuja