Monday, September 30
30th Sep - EU Open: Italy's fall, US's fails
The Italian government looks ready to fall. They just don't have the support they need. In Austria, the anti-euro agenda was a big winner, but not by enough - they will form a rainbow-government of all the parties except the anti-euro-parties, which will make the government weak and unfocused, just like in Finland and many other countries. But hey, anything for the euro!
US government shutdown probably happens after today. It will likely remain short, but markets might still make a big issue out of it.
US government shutdown probably happens after today. It will likely remain short, but markets might still make a big issue out of it.
Saturday, September 28
28th Sep - Weekender: Econ, Markets, Off-topic, Finnish
The good old debate on austerity is still going strong. Monetary policy
is also questioned as the move from quantitative easing toward forward guidance
is a recent trend by the US and UK.
28th Sep - Weekender: Europe & US
German election aftermath, the apparent backpedaling on the federal Europe and the looming US government shutdown
are the main drivers right now. Italy's government looks like it could fall.
ECB's meeting next week will probably not do anything new, but might give further hints on a new LTRO, due later - if still needed at that point.
The Federal Reserve’s tapering is still
featured heavily in articles, but will remain on hold probably until at least
next December. Should the shutdown happen, even next Friday's unemployment report would perhaps not be published - effectively stopping the Fed from making informed decisions, and certainly pushing the tapering-date forward.
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