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Monday, October 22

22nd Oct - European fears at local maxima?





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EUROPE
Italy Responds To EU, Admits Deficit Breach But Refuses To BudgeZH
Italy tells EU it will not change budget planFT
Italy Seeks Dialogue on ‘Necessary’ Breach of Deficit RulesBB

Editorial: Europe’s Banks Aren’t Ready for the Next Crisis BB
Trouble in Greece and Italy shows how much remains to be done.

Wolfgang Münchau: Germany’s political centre cannot holdFT
Other EU countries are also seeing support leaking away from established parties

ECB Preview: vigorous Draghi, moderate inflationDanske Bank
Since the last meeting, data releases have been on the mark or surprised to the downside. Sentiment indicators have shown signs of stabilising in recent months, but the picture remains mixed and it is too early to declare that we have reached the trough yet. Core inflation surprised on the downside at 0.9% in September. Despite little new information on wages, the ECB's wage assessment will be very interesting due to Draghi's relatively hawkish comment at the EP hearing.


OTHER
Our October guide to global central banksING

US-China relationsPictet
Politics creates a fertile ground for trade tensions


REGULARS
EU Open RundownRANsquawk

Brussels Edition DailyBB

Brussels BriefingFT
Finding a way out of Sweden’s deadlock - six weeks after election there is little indication of an imminent breakthrough

Eco Day EuropeBB
Sweden's Signal, China's Bond Burst, Creeping Inflation

FirstFT Daily Briefing FT

WSJ Daily Economics WSJ
U.S., Europe Look For a Fast Start In Trade Talks

Danske DailyDanske Bank

Daily Market CommentMarc Chandler
Collective Sigh of Relief?

Brussels Playbook Politico
Legaland — Will law rule in Poland? — When a Rolex is a liability

Five Things You Need to Know to Start Your DayBB

US OpenZH
US Futures Rise After Chinese Stocks Soar; Italian Bonds Boosted By Moody's

US Open RundownRANsquawk

AamukatsausNordea
Tällä viikolla useat keskuspankit kokoustavat pitkin viikkoa | Lisäksi viikolla julkaistaan euroalueen ostopäällikköindeksit, Suomesta saadaan työmarkkinalukuja | Tänään tulossa hiljainen päivä tilastojulkistusten osalta