EUROPE
Sigmar Gabriel shows
support for left-wing coalition – Politico
German vice-chancellor visited MPs gathered to discuss a ‘red-red-green’
coalition, angering his current coalition partners.
The ECB Can't Risk a
Taper Tantrum – View / BB
ECB: Dovish Hold – Marc Chandler
OTHER
Satyajit Das: Productivity
Won’t Save the World – View / BB
Even if productivity growth could be revived, it’s not clear those gains
would have as much of an impact on living standards as in the past.
Don’t shoot inflation,
overshoot it – Nordea
Central banks are increasingly talking about allowing inflation to
temporarily overshoot their targets. The BoJ has even committed to
overshooting. Overshooting is desirable to re-anchor inflation expectations, as
too low inflation expectations make monetary policy less efficient. However,
market expectations seldom shift in a stable manner and the risk is that
inflation expectations too overshoot. That would be very painful for bond
markets and increase volatility across asset classes.
S&P 500 Earnings Dashboard | Oct. 19, 2016 – Lipper Alpha
REGULARS
Danske Daily
– Danske
Bank
Eye-Opener
– Nordea
China stabilising, inflation damps
Fed bets, GBP short-squeezed * Inflation rises in the US and UK. China growing
as expected, but expect a slowdown. GBP short-squeezed.
Morning Markets
– TF
China's latest GDP update came in
exactly in line with forecasts easing slowdown fears but leaving many to wonder
if the anomalously on-point print may have been massaged by the government in
Beijing.
Dollar Softer While Consolidation
Continues
Daily Market Comment
– Macro
Man
Daily Press Summary –
Open
Europe
Brussels Playbook
– Politico
US Open – ZH
US Futures, Global Stocks Mixed
After Lackluster Chinese Economic Data; Oil Rises Over $51
Frontrunning
– ZH
European stocks are opening narrowly
mixed this Wednesday in the wake of robust Wall Street and Asian sessions where
the latter was supported by an on-target Chinese GDP update.
FINNISH
Aamukatsaus
– Nordea
Kiinan kasvu ei
kestä * Ison-Britannian inflaatio kiihtyi syyskuussa lähes kahden vuoden
huipputasolle * EKP:n rahapolitiikka on ollut vielä toimivaa * Edessä USA:n
viimeinen vaaliväittely
Analyysi:
Eurooppalaisten pankkien muuttuvat liiketoimintamallit – Euro
ja Talous
Millaisia muutoksia eurooppalaisten pankkien
liiketoimintamalleissa on ollut vuosien 2010 ja 2015 välillä? Näyttää siltä,
että pankit ovat selkeästi keskittyneet ydinliiketoimintaansa ja omiin
vahvuusalueisiinsa.