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EUROPE
Pound Fluctuates With
Traders Bracing for Rates Decision by BOE – BB
5 things to expect if
5Stars win Italian elections – Politico
From fiscal rules to growth-supportive policies
despite high public debt –
Danske
Bank
Corporate bond market and the purchase programme – ECB
Markets Give Europe's
Bank Tests a Failing Grade
– View
/ BB
European Banking System Bloodbath Continues
Post-Stress-Test – ZH
UNITED STATES
The Decline in Durable Goods Prices – Marc
Chandler
OTHER
1MDB: The inside story of the world’s biggest
financial scandal – The
Guardian
How a retired Swiss
banker ended up behind bars in Thailand for uncovering a scheme that included
the Malaysian prime minister and billions of in laundered money that was spent
on everything from parties with Paris Hilton to backing for The Wolf of Wall
Street.
Gorilla or Elephant,
Chinese Surplus Capacity is the Challenge – Marc
Chandler
Global Bond Market Rally Unravels as Japan Shows
Limit to Demand – BB
JAPAN
Japan: 2016 Article IV
Consultation – IMF
Japan: Selected Issues –
IMF
Reflating Japan: Time to
Get Unconventional? – IMF
The Case for an
Independent Fiscal Institution in Japan – IMF
REGULARS
Danske Daily – Danske
Bank
Eye-Opener – Nordea
Underwhelming Japanese
stimulus, weaker bonds, struggling bank equities * Fiscal stimulus only of
limited consolation in Japan * Bond yields leap higher * USD under broad
pressure
Morning Markets – TF
USDJPY is concentrating
around the 101.0 zone but a push lower after Japan disappointed markets Tuesday
with its financial stimulus package and risk-off sentiment is putting a fresh
100.0 push on the cards.
Euro wrap-up – Daiwa
Daily Market Comment –
Marc Chandler
Daily Market Comment – Macro Man
Divvy thoughts
Daily Shot – TF
The recent peak in crude
prices coincides with the bottom for the US oil rig count. Now NYMEX crude
futures are trading clearly below $40/bbl.
Daily Press Summary – Open
Europe
Brussels Playbook – Politico
US Open – ZH
World Stocks Drop For
Third Day On Growing Concerns About Central Bank Policy, Tumbling Oil
Frontrunning – ZH
From the Floor – TF
Japanese government
bonds tightened and we see Japanese and German 10-year bonds getting very
close. In the short term we could see a repetition of the April 2015 “bunds
hiccup” says Saxo Bank's Asia macro strategist Kay van-Petersen.
FINNISH
Aamukatsaus – Nordea
Ruotsin kruunu
on liian halpa * Tänään markkinoilla seurataan USA:n palvelusektorin
luottamusta (ISM) * Japanin hallitus hyväksyi elvytyspaketin * USA:ssa
yksityisen kulutuksen pohjahinnat polkivat paikoillaan