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EUROPE
Economic Bulletin 8/2015 – ECB
Review of draft
budgetary plans for 2016 * The creation of competitiveness boards * The role of
base effects in the projected path of HICP inflation * Liquidity conditions and
monetary policy operations in the period from 7/22 to 10/27 * New features in
monetary and financial statistics
UNITED STATES
FEDERAL
RESERVE
Confident and clear,
Yellen says rate path will be well signaled – Reuters
Fed strikes right
balance with first hike since 2006 – Danske
Bank
Rate lift-off, finally,
but the saga will continue – Pictet
Every central bank that
did what the Fed just did has regretted it – WaPo
Fed launches campaign to
raise interest rates and return U.S. economy to normal – WaPo
Fed raises interest
rates, citing ongoing U.S. recovery – Reuters
Fed rate rise — now
comes the hard part – FT
Fed aggressively ramps
up new tool to pry rates higher – Reuters
Day 1 After Fed Liftoff
Shows Move Catapults Money Market Rates – BB
Era of Easy Money Lives
On in World Economy Even After Fed Shift – BB
Four More Rate Hikes?
Goldman Thinks So – WSJ
OTHER
Steen’s Chronicle: The big nothing? – TF
USD is set to weaken
because of the hike * Don't underestimate China as RMB 'goes global' * What's
best for 2016? EM, of course * El Nino will actually be a force for good
REGULARS
Morning MoneyBeat Asia – WSJ
U.S. Stocks Rally as Fed Raises
Rates
Morning MoneyBeat Europe – WSJ
Stocks Gain After Fed’s Rate Rise
Morning MoneyBeat US – WSJ
Fed Ends Historic Era… What’s Next?
Danske Daily – Danske
Bank
Euro rates update – Nordea
Eye-Opener – Nordea
Equities and USD gain after Fed hike
* Fed to hike again in March in our view * Fed’s message setting the tone of
the bond markets * NOK hit again, we expect Norges Bank on hold today
Morning Markets – TF
The impact of the Fed's
decision to bring its zero interest rate era to an end is being felt around the
world.
Daily FX Comment – Marc
Chandler
The World Survives Fed Hike
Daily Press Summary – Open
Europe
EU leaders show
willingness to help on UK reforms but warn against discrimination ahead of EU
summit * New Lord Ashcroft poll shows majority of Britons could swing one way
or another in EU referendum * Merkel leads mini refugee summit, as Austrian chancellor
threatens to cut funding to member states who don’t accept refugees * Open
Europe Spanish election preview: Most unpredictable election in decades could
leave Spain with fragmented parliament and weak government * Russia imposes
trade duties on Ukraine in retaliation for EU trade pact * German SPD party
whip criticises EU spending priorities * Commission loses landmark cartel case
at EU court
Brussels Playbook – Politico
Summit time — Russia
sanctions — Spanish punch
US Open – ZH
Global Stocks, Futures Continue
Surge On Lingering Rate Hike Euphoria
The USD enjoyed the combination of a
less dovish than expected hike from the Fed and especially Yellen’s apparent
confidence that financial stability risks aren’t worth fretting about. After
the initial surge in the USD now we watch for whether the market has the
appetite to follow through into year-end.
The US Federal Reserve's
interest rate rise was as close as it gets to a dovish hike as the Fed clearly
signalled that further rate increases will be data-dependent which paves the
way for investors to return on the buy side and drive a year-end rally Saxo
Bank's chief traders say.
FINNISH
Hitaasti haukkamaisemmaksi * Euroalueen luottamusluvut
indikoivat kohtuullista kasvua Q4:llä * Argentiina päästää valuuttansa
kellumaan tänään * Raakaöljyn hinta uppoaa edelleen