Societe Generale in its early Thursday economic news summary pointed out:
-- Euro consolidates, 10-year OAT/Bund steady at 84bps after French government toppled late Wednesday, 331 votes backed motion of no-confidence (288 needed). Prime Minister Barnier to tender resignation on Thursday, President Macron to hold televised address later Thursday.
-- Federal Reserve Chair Powell: can afford to be cautious on rates as it tries to find neutral, on path to bring rates to neutral level over time, not quite there on inflation but still making progress. Fed's Daly (voter) says there is no sense of urgency to cut rates.
--Japan: Bank of Japan Board member Nakamura not objecting to rate hike, closely watching Tankan, wages before December meeting. International investors bought 922 billion yen in bonds last week, reversing two weeks of selling.
-- Day ahead: United States weekly jobless claims. Fed speaker Barkin. European Central Bank's Vujcic. Eurozone retail sales. Bank of England's Greene. France and Spain benchmark auctions.
-- Sweden's CPIF accelerates to 1.9% year over yeary in November from 1.5% in October. Core increased to 2.4% year over year from 2.1%.
-- Nikkei +0.3%, EUR 10-year IRS steady at 2.09%, Brent crude +0.1% at $72.4/barrel, Gold -0.1% at $2,645/oz.
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