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Frontrunning: November 2

  • What We Know About the GOP Tax Bill Ahead of Today’s Rollout (BBG)
  • How the GOP Tax Plan Would Affect Trump, Clinton Voters Differently (WSJ)
  • Powell for Federal Reserve chair could support stocks bull market (Reuters)
  • The New Fed Chair Will Watch an Economy Fraught With Risks (BBG)
  • Trump calls for death penalty for Uzbek man (Reuters)

Frontrunning: November 1

  • NYC truck attack: Investigators scour driver’s background (AP)
  • Release of House tax bill delayed until Thursday (Reuters)
  • U.S. pursues direct diplomacy with North Korea despite Trump rejection (Reuters)
  • GOP Braces for ‘All Hell’ to Break Loose Over Tax Bill (BBG)
  • Former Trump adviser’s guilty plea could rattle White House (AP)

Key Events In The Coming Week: ECB Taper, Q3 GDP And Durables

The main even this week will be the ECB's taper announcement on Thursday where consensus expects the ECB to announce a QE extension of €30bn per month for 9 month until Sep-18, with potential extension after. Net purchases between now and Dec-17 will continue at €60bn per month as planned. To cope with rate hike expectations, the ECB is also expected to strengthen forward guidance.

Tillerson Called Trump A "Moron", Was Close To Resigning

US Secretary of State Rex Tillerson was on the verge of resigning this past summer amid mounting policy disputes and clashes with the White House. Tillerson had openly disparaged the president, referring to him as a "moron" after a July 20 meeting with members of Trump’s national security team and Cabinet officials.