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EUROPE
Europe’s panic room – Politico
An EU dinner called to
discuss Trump ascendancy showcases the Continent’s divisions.
Trump shift puts euro
markets back on edge as elections loom – Reuters
Euro--the Big Picture – Marc Chandler
ITALY REFERENDUM DEC-4
Italy: Rexit? Why the
upcoming referendum matters – Nordea
Italy Targeted by Funds
Hunting Next Populist Breakthrough – BB
Italy's Chance to Buck
the Brexit-Trump Trend – View
/ BB
Italy's Renzi suggests
he may not stay on if referendum fails – Reuters
Referendum at heart of
Italian uncertainties – Pictet
Deutsche sees reform
rejection odds at 60% - ZH
Italy's Chance to Buck
the Brexit-Trump Trend – View
/ BB
UNITED STATES
Junk Bonds Sound
Stock-Market Alarm – WSJ
FEDERAL RESERVE
Bond Vigilantes to Trump: Be Careful, It Could Get Painful – BB
Plan to ‘Make America Great Again’ leans on public borrowing * Jump in
yields echoes pushback President Clinton faced in ’90s
December Still A Go – Tim Duy
With the economy hovering near full employment, the Fed will want to
press forward with a December rate hike. Market odds of 85% are reasonable.
TRUMP
Trump Shakes Up Transition, Begins to Articulate Priorities – BB
Trump Adviser Takes Aim at Conservatives’ Budgetary Restraint – BB
Trump may already have a plan ready to revamp Dodd-Frank – Reuters
The world reacts: “Do nightmares come true?” – The Economist
Editorial: The Trump era – The Economist
Trump shapes White House, hires establishment figure, firebrand – Reuters
Trump Staff Picks Straddle Establishment-Outsider Divide – BB
Trump May Save Banks Billions by Disrupting Global Rules – BB
Election a reaction to the speech taboos enforced by U.S. intellectuals –
BB
4,000 Reasons to Think Trump's Power Will Be Restrained – BB
Democrats in Congress Should Try Cooperation – BB
OTHER
FX: policy shifts – Nordea
While little is known about scope of Trumps future policies yet, the
direction is known. Markets diverged - but not permanently. Trump is NOT
Reagan, and Yellen is NOT Volcker, hence the implications for the USD and rates
are different going forward...
Macro Monday: Trump win
has markets asking 'now what?' – TF
Following the surprise US election result last week markets are now
trying to determine what the next US presidency will look like: will there be a
big regime shift or not?
Helicopter money: are
they doing it anyway, and, if so, so what? – Tony Yates
REGULARS
Danske Daily
– Danske
Bank
Eye-Opener
– Nordea
Market in shakeout ahead of Yellen
testimony * Bond yields – relentless rise should pause * USD gained too much,
too fast
Morning Markets
– TF
The election of Donald Trump shocked
markets last week but not in the precise way that many expected. Equities for
instance are rallying on hopes of improved growth and spending while bonds are
seeing an unprecedented rout.
Euro wrap-up
– Daiwa
Daily Market Comment
– Marc
Chandler
Dollar Steps Up to Start Week
Daily Market Comment
– Macro
Man
Three traders walk into a rebar....
Daily Press Summary
– Open
Europe
Brussels Playbook
– Politico
Five Things You Need to Know to Start Your Day – BB
Bond rout
* Trump’s team * Deals * Markets rise * China data, Japan GDP
US Open – ZH
Global Bond Bloodbath, Currency Rout
Accelerates As Stocks Erase Early Gains
Frontrunning
– ZH
FX Update
– TF
For much of recent history Mondays
have been days of consolidation and range trading. Not this week however as
recent moves have extended aggressively to start the week after traders have
apparently been doing some thinking over the weekend.
Bloomberg’s What’d you miss in markets today? – Youtube
FINNISH
Aamukatsaus – Nordea
Trumpin
sulattelu jatkuu * Julkaisimme päivitetyt keskuspankki- ja markkinaennusteet *
Fedin puheenjohtaja Janet Yellen on tällä viikolla kuultavana Yhdysvaltain
kongressissa * Uskomme korkomarkkinoiden ylireagoineen Trumpin voittoon