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Bloomberg Business – Japanese stocks soar. The Nikkei 225 Stock Average surged 7.7 percent to 18,770.51 in Tokyo, posting its biggest one-day gain since October 2008. The huge move came after a week that saw a large increase in short-selling on the Tokyo Stock Exchange over the past week, with short-selling accounting for 40 percent....

Bloomberg News – Fed fallout. Yesterday’s decision by the Federal Reserve not to raise interest rates continues to reverberate through markets this morning. European government bonds jumped as the Fed delay fuels speculation that the European Central Bank could step up its stimulus program. Expectations for further easing from Bank of Japan policy makers, who....

Bloomberg Business -Euro-area inflation: Inflation in the Euro-area unexpectedly turned negative in September, falling to minus 0.1 percent, according to a flash estimate from Eurostat, the European statistics agency. The drop was driven by falling energy prices, with a breakdown of the headline number showing that component dropping 8.9 percent from a year earlier. -Awful....

Bloomberg “Iran Says It Won’t Cut Oil Production as Talks Remain Deadlocked” Iran, OPEC’s third-largest oil producer, said it won’t cut output as members of the exporter group met in Vienna before a crucial summit on Wednesday. The country isn’t prepared to reduce supply, Oil Minister Bijan Namdar Zanganeh said in the Austrian capital. Saudi....

Project Syndicate “The International Barriers to Trump’s Economic Plan” Trump has established infrastructure investment, tax reform, and deregulation as central components of his strategy to boost the US economy’s actual and potential growth. Confident that his plan can unfold as intended, he has set ambitious targets, including GDP growth approaching 4% per year. US will....

Zero Hedge “Bitcoin Tumbles After China Urges Investors To Be “Rational” After warning about cracking down on ‘virtual’ capital outflows earlier in the week, Chinese officials have come out more directly against Bitcoin this morning with the country’s central bank urging China’s institutional and individual investors should take a rational approach to investing in virtual....

Zero Hedge “The Economic Policy Trump Should Pursue” Recent electoral outcomes, including Trump’s election, highlight the intensifying economic grievances of many households across the developed world. In the 20 years before the 2008 financial crisis, unprecedented globalization raised incomes for just about everyone. The incomes of the poorest third of humanity rose by 40-70%, and....

Bloomberg “Romanians Flood Streets as Cabinet Defies Protests Over Pardons” Romania’s president urged the government to reverse a surprise decision to quash corruption investigations into officials and annul some other convictions after the measures drew thousands of protesters into the streets of major cities. About 12,000 people rallied in freezing temperatures late Tuesday in Bucharest,....

BBC News “German election: Merkel wins fourth term, AfD nationalists rise.” German Chancellor Angela Merkel has been re-elected for a fourth term while nationalists have made a historic surge in federal elections. Her conservative CDU/CSU bloc has seen its worst result in almost 70 years but will remain the largest in parliament. Its current coalition....

Bloomberg “Stocks, Dollar Rise on Fed, Tax Plans; Bonds Fall: Markets Wrap.” U.S. stocks advanced as President Donald Trump prepares to lay out his tax-cut plan, while the dollar extended gains and bonds fell after Federal Reserve Chair Janet Yellen boosted expectations for an interest-rate rise in December. The S&P 500 Index was near record....

Bloomberg “Companies Add Fewest U.S. Workers in Nearly a Year, ADP Says.” Companies last month added the fewest number of workers in nearly a year, reflecting a hit to the U.S. job market from hurricanese Harvey and Irma, according to data released Wednesday from the ADP Research Institute in Roseland, New Jersey. The report is....

Bloomberg “U.S. Payrolls Fall 33,000 on Storms; Jobless Rate at 4.2%.” The number of workers on U.S. payrolls declined last month for the first time since 2010, reflecting major disruptions from hurricanes Harvey and Irma, Labor Department figures showed Friday. The jobless rate fell to a new 16-year-low while wage gains accelerated. The hurricanes had....

Bloomberg “Japan Shares Rise with Nikkei 225 Closing at Highest Since 1996.” Japanese shares advanced, with the Nikkei 225 Stock Average closing at its highest since December 1996, bolstered by companies in industries ranging from technology to retail. Machinery maker Fanuc Corp., Recruit Holdings Co., FamilyMart UNY Holdings Co., SoftBank Group Corp. and Terumo Corp.....

Bloomberg “Consumer Sentiment in U.S. Unexpectedly Surges to 13-Year High.” U.S. consumer sentiment unexpectedly surged to a 13-year high as Americans’ perceptions of the economy and their own finances rebounded following several major hurricanes, a University of Michigan survey showed Friday. The jump in sentiment, which was greater than any analyst had projected, may reflect....

Bloomberg “American Bulls Clash with Europe’s Bears at World Finance Summit.” The world economy is either the healthiest it’s been in a decade, poised to continue an epic bull run, or perched on the precipice of another crisis. It just depends what side of the Atlantic you’re on. In panel after panel, American bankers expressed....