Google Analytics

Tuesday, December 20

20th Dec - Quiet Berlin-aftermath





Follow ‘MoreLiver’ on Twitter




EUROPE

Elements of surprise 2017: The real (ECB) taperingNordea
Will 2017 be a dreadful bond year because the ECB unexpectedly turns hawkish? We examine why and how a swift normalisation of ECB’s monetary policy could be conducted. We assess how curves could react, and how high the Bund could go.


  GERMANY
‘Here in our country’ – Politico
Berlin attack is also an assault on German politics – FT
Christmas Market Tragedy Hands Merkel Critics Line of Attack – BB
View: Berlin and Merkel Will Survive This Attack, Too – BB

 
OTHER
Chief Economist's Corner: 2017 looking good, but unpredictability reignsNordea
2016 is coming to an end and it’s certainly been an exciting and completely unpredictable year.

BOJ upbeat on economy, Kuroda shrugs off talk of rate hikeReuters

Nominal vs Effective Exchange RatesMarc Chandler


REGULARS
Danske DailyDanske Bank

Eye-OpenerNordea
Italian government preparing to use public money to support banks * BoJ more optimistic * German bonds rally, curve continues to bull-flatten * USD in demand

Morning MarketsTF
Risk sentiment has taken a hit tomorrow following an outlandishly grim holiday news cycle yesterday that saw terror attacks and a ruthless assassination strike multiple regions of the globe.
  
Daily Market CommentMarc Chandler
Yen Surrenders Yesterday's Gains, while Euro Struggles to Hold above $1.04

Daily Press SummaryOpen Europe

Brussels PlaybookPolitico

Five Things You Need to Know to Start Your DayBB
Bank of Japan * Terror attacks * Italy bank fund * Markets mixed * Obama to block oil rights

10 things you need to know before the opening bellBI

US OpenZH
S&P Futures Rise Propelled By Stronger Dollar; Europe At 1 Year High As Yen, Bonds Drop

FrontrunningZH

FX UpdateTF
The Bank of Japan upgraded its assessment of the Japanese economy but fretted over still-low inflation expectations and kept policy unchanged leading to a strong USDJPY bounceback as the US dollar was broadly firming again anyway.


FINNISH
AamukatsausNordea
Japanin keskuspankki optimistisena * Ruotsissa julkaistaan joulukuun kuluttajien ja teollisuuden luottamusindeksit * Tänään pidetään Turkin ja Unkarin keskuspankkien rahapoliittiset kokoukset * Saksan yritysten luottamuksesta kertova Ifo-indeksi nousi miltei kolmen vuoden huippuihinsa