wiar 10-28-17

Mary FanslauWhat I Am Reading

Oct 28 (Saturday)

Markets
The superhero of stock markets? Not yet, but it’s getting there. (WP)
Nasdaq 100 Companies Add $200 Billion in Market Cap in One Day (B)
The Bond Selloff’s Missing Ingredient: Inflation (W)

Commodities & currencies
Brent Oil Tops $60 for First Time Since 2015 Amid OPEC Optimism (B)
Euro weakness helps bolster region’s stock markets (FT)

Central banks
ECB Decision Reopens Divide Atop Central Bank (W)
Draghi’s Fresh Stimulus Provokes Dissent While Lifting Markets (B) | Press Conference
ECB, Fed Are Growing Apart, Moving Markets (W)
Monetary policy and bank profitability in a low interest rate environment (ECB)
Trump Leans Toward Powell for Fed With Announcement Next Week (B)

US
U.S. Posts Solid 3% Economic Growth, Despite Hurricanes (W)

Europe
Another Sign Europe Is Over Crisis? Its Companies Are Investing at Home Again (W)
Spain’s Prime Minister Just Fired the Whole Catalan Government (B)

Japan
Japanese inflationary pressures remain close to non-existent (BI)

US politics
White House Study Sees Faster Economic Growth From Tax Cuts (W) | Report
Republican Tax Plan Would Offer Big Boost To U.S. Bank Returns (S&P)
The Way to Fix the Volcker Rule (B)

Industries & companies
FANGs: Alphabet Joins Apple in $700 Billion Club (W)
FANGs: Amazon Turns a Financial Report Into a Marketing Event (B)
FANGs: Early Orders for iPhone X Lead to Long Shipping Delays (W)
Financials: UBS Profit Rises as Wealth-Management Bet Pays Off (W)
Financials: U.S. Investigating Foreign-Exchange Trading at Wells Fargo (W)
Tech: Tech’s Big Get Bigger in Earnings Blowout (W)

Corporate finance
CVS Health, Aetna in Talks Over $66 Billion Tie-Up (W)
Saudi Aramco’s record breaking international IPO might not go ahead after all (BI)

Offbeat
Accountants are finally being held to account in the US (FT)