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EUROPE
ECB QE composition – some degree of constructive ambiguity – Pictet
The most important
aspect of last week’s QE announcement was that the programme will remain open
ended
Eurozone Inflation
Unexpectedly Cools – ZH
Euro area: Strong growth
but slower inflation – Nordea
Euro area: solid growth,
but inflation still under par – Pictet
Euro area annual
inflation down to 1.4% - Eurostat
GDP up by 0.6% in both
the euro area and the EU28 – Eurostat
Euro area unemployment
at 8.9% - Eurostat
UNITED STATES
American's Consumer
Confidence Highest Since The Peak Of DotCom Bubble – ZH
U.S. Consumer Confidence
Just Hit Its Highest Level in Almost 17 Years – BB
FEDERAL RESERVE
FOMC preview: Waiting for December – Nordea
This week’s FOMC meeting
looks like it will be a non-event. We expect the Fed to remain committed to a
December rate hike.
Q3 ECI review: Where’s the wage inflation? – Nordea
Wage growth remains
soft, but the Fed will likely continue to fear a sudden acceleration in wages
as unemployment drops further. A December rate hike is almost certain.
Goldman Agrees With Dalio’s Tale of Two Economies: Eco Pulse – BB
A divided job market
leaves the Fed staring down a difficult choice
TRUMP
Both Campaigns Sought Russian Dirt. Clinton's Way Was Legal – BB
Don't Rush to Judge
Trump – BB
Mega-Lobbyist Podesta
Quits After U.S. Charges Manafort – BB
Mueller’s Opening Moves
Show Focus on Trump-Russia Collusion – BB
Mueller Raises Pressure
on Trump With Papadopoulos-Russia Link – BB
Tech Companies Set to
Tell Congress About Russian Election Meddling – BB
OTHER
Martin Enlund: Dollar scarcity to pick up on
Treasury's trickery – Nordea
The new cash balance
forecast from the US Treasury suggest a front-loaded shrinking of US excess
liquidity. This usually triggers wider xCcy basis swaps and dollar strength. We
remain optimistic the dollar in the near term.
4 reasons why you shouldn’t buy in to the
current Bank of England pricing – Nordea
With an almost
pre-announced hike on the horizon in UK later this week, we revisit the market
pricing of Bank of England and provide four reasons why you should not buy into
more than the (potential) hike on Thursday.
Seeking and Avoiding Risk At Exactly The Wrong
Time – The
Fat Pitch
Too often, investors
sell their winners early and hold on to their losers in order to avoid taking a
loss. Put another way, when faced with a gain, investors avoid risk; when faced
with a loss, they seek risk. It's the exact opposite of what a rational,
profit-maximizing investor would be expected to do. This is another paradox of
human behavior that helps explain why most investors perform badly.
You Wanna See Something Really Scary? Try These
Market Charts – BB
Bitcoin bubbles, savings
rates, monetary policy among worries * ‘Lack of fear’ in markets at all-time
highs also a concern
BOJ keeps policy steady, board newcomer signals
desire for easing – Reuters
Autumn Readings about Factor Investing – Quantpedia
Algorithms to Live By- Part 1, Sorting – Andrea
Sefler
Algorithms to Live By- Part 2, Optimal Stopping – Andrea
Sefler
Algorithms to Live By- Part 3, Scheduling – Andrea
Sefler
IMF warns volatility products loom as next big market shock – FT
Second Crash Warning From The IMF – This Time
It's About Vol – ZH
REGULARS
FirstFT Daily Briefing – FT
Russia probe revelations, the war against Pope Francis, #Beurregate
WSJ City – WSJ
Trump’s Deregulatory Juggernaut, BP to Restart Buybacks
“Best of the web” daily
charts – Lukas Daalder
Danske Daily – Danske Bank
Eye-Opener – Nordea
BOJ unchanged, USD weaker equities lower * Eyes on Euro-area inflation * The
periphery outperforms as Italian rating lifted * Possible phase-in of tax cuts
weakens USD
Morning Markets – TF
European bourses are likely to open softer after weaker Wall St. and
Asian sessions. Focus today will be on the identity of the next Fed chair and
the Mueller investigation into Trump's Russian links.
Daily Market Comment – Marc Chandler
Month-End Leaves Market at Cross Roads
Brussels Playbook – Politico
Catalan leaders on the run — Parliament’s secret harassment report
Five Things You Need to
Know to Start Your Day – BB
US Open – ZH
US Futures Rebound After Disappointing Chinese, European Data
Frontrunning – ZH
FINNISH
Aamukatsaus – Nordea
Pettääkö
euroalueen inflaatio? Saksan lokakuun inflaatioluvut olivat odotettua heikommat
* Odotamme euroalueen BKT:n jatkavan tasaisessa kasvussa * USA:n korot laskivat
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