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EUROPE
Four lessons from the
Eurozone crisis – and why future remains uncertain – Europp
The economics and politics of the Euro Crisis have been largely predictable * Monetary union has amplified the political stakes * The underlying problems of EMU never went away * Monetary union without fiscal and regulatory coordination is untenable
The economics and politics of the Euro Crisis have been largely predictable * Monetary union has amplified the political stakes * The underlying problems of EMU never went away * Monetary union without fiscal and regulatory coordination is untenable
Why Europe wants a hard
Brexit to hurt – The
Guardian
British ministers are being overly optimistic about the chances of a
decent trade deal if they reject the single market
UNITED STATES
Trump versus Clinton – Danske
Bank
The economic and financial implications of the 2016 US presidential
election
SEPTEMBER JOBS REPORT
US jobs preview: Solid report expected with December rate hike looming – TF
Jobs Report: Everything You Need to Know – WSJ
September Jobs Report – The Numbers – WSJ
156,000 Jobs, 5.0% Unemployment Rate – Bill
Mc Bride
Payrolls in U.S. Rise 156,000 as
Americans Stream Into Workforce – BB
U.S. job growth slows, clouds case for Fed rate hike – Reuters
Payrolls Rise 156K, Unemployment Rate Rises To 5.0% - ZH
Data Disappoints, but Still Strong Enough to Keep Dec Alive – Marc
Chandler
The September Jobs Report in 10 Charts – WSJ
OTHER
China monthly: An
eventful October awaits – Nordea
GBP FLASH CRASH
Cable Just Flash-Crashed 800 Pips - Most Since Brexit – ZH
Algos, Barriers, Rumors: Theories On What Caused The Flash Crash – ZH
Fat fingered algos – FT
GBP goes EURCHF - what's going on – Polemic’s
Pains
‘Flash Crash’ Hits Sterling – WSJ
GBPUSD flash crash will have consequences for policy – TF
Flash Crash of the Pound Baffles Traders With Algorithms Being Blamed – BB
Sterling 'flash crashes' to 31-year low before recovering – Reuters
Pound’s Two-Minute Mystery Crash Puts
Spotlight on Robot Traders – BB
GBP: last pound? – Nordea
BOE Says It’s Looking Into Cause of Overnight Sterling Plunge – BB
Crisis hit Pound to hit parity with Euro € – CityUnslicker
Wall Street Responds To The Historic "Pounding" – ZH
FX Flash – Freefall in sterling – ABN
AMRO
Mark Gilbert: Currency Vigilantes Pound on Post-Brexit Sterling – View
/ BB
Pound's Crash Looks Less Flash Next to the Last Week's Declines – BB
Matt Levine: Flash Crashes and Insider Trading – View
/ BB
REGULARS
Danske Daily
– Danske
Bank
Eye-Opener
– Nordea
All eyes on US employment data. ECB
minutes spur debate on changes in December. Jobless claims support the dollar.
Morning Markets
– TF
A flash-crash trauma for sterling
overnight adds to the UK currency's woes as we look towards a big NFP print Friday
that could move us closer to confirming a year-end Fed move on interest rates.
Euro wrap-up – Daiwa
Daily Market Comment
– Marc
Chandler
Sterling Stabilizes After Harrowing
Drop, Now Jobs
Daily Market Comment
– Macro
Man
Great expectations
Daily Press Summary
– Open
Europe
Brussels Playbook
– Politico
US Open – ZH
Global Stocks, US Futures Fall
Pressured By Pound "Flash Crash" Ahead Of Payrolls
Frontrunning
– ZH
FX Update
– TF
An enormous flow-driven drop in
sterling overnight was exacerbated by thin liquidity and was mostly erased but
the volatility was so great that BoE rate cut odds have to be fading fast.
Meanwhile the USD view is at the tipping point ahead of US payrolls and
earnings data today.
From the Floor
– TF
While markets are still reeling from
the overnight algorithm-driven plunge in cable the real focus of today's trade
is the US nonfarm payrolls print and its impact on both the dollar and the rate
hike narrative.
FINNISH
Aamukatsaus – Nordea
EKP säilytti
kyyhkymäisen linjansa * Neljä Fed-johtajaa äänessä työllisyysraportin
julkistuksen jälkeen * Punta heikkeni markkinoiden arvuutellessa BoE:n Carneyn
tulevaisuutta
Muutama ajatus Deutsche Bankista – Peter
Nyberg