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Wednesday, October 24

24th Oct - Bad PMI from Europe




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EUROPE

Editorial: Don’t Let Italy Off the Hook BB
The euro area needs budget rules, and the European Commission is right to enforce them.

  OCTOBER PMI
Gloomy signals for euro area manufacturingPictet

ECB to signal risks tilted to the downsideABN AMRO

Eurozone: Leaves are falling, so is the PMI ING
A fall in the PMI in October signals a weakening of Eurozone momentum at the start of the fourth quarter. If the stock market corrects further, it would constitute an additional brake on the Eurozone's growth pace

Eurozone Economic Sentiment Falls to Lowest Level for Two YearsWSJ
Easing of economic growth isn’t yet severe enough to disrupt the ECB’s plans to end its bond-buying program in December

Euro area: Casualties of trade war Nordea
The Euro-area PMIs provided for unpleasant reading and added downside risks to the Euro-area outlook. The trade war is clearly hurting the Euro area much more than the US. However, the data will not be enough to make the ECB change course for now.


OTHER
Charting China's declines FT


REGULARS
EU Open RundownRANsquawk

Brussels Edition DailyBB

Brussels BriefingFT

Eco Day EuropeBB
London's Falling, Trump's Tax Cuts, Indonesian Rates

FirstFT Daily BriefingFT

WSJ Daily EconomicsWSJ

Danske DailyDanske Bank

Daily Market CommentMarc Chandler
Disappointing Flash PMI Weighs on Euro

Brussels PlaybookPolitico
Fight for Italy’s sole — Germans squirm around EU rules — Home alone with the far right

Five Things You Need to Know to Start Your DayBB

Eco Day USBB
Chinese Stimulus, Fed Warning, Sino-Japan Rapprochement

US OpenZH
"Tremendous Wall Of Worry" Sends US Futures Lower As China, Europe Rebound

US Open RundownRANsquawk

AamukatsausNordea
Riksbank kokoustaa tänään, mutta ei vielä nosta korkoaan | Euroopan komissio hylkäsi Italian budjettiesityksen, Italian korot jälleen nousussa | Pörssit laskussa kauttaaltaan, myös öljyn hinta laski reippaasti