October 18th – Top Stories
- Fed Unlikely to Trim Bond Buying in October - WSJ – By Jon Hilsenrath
The Fed is unlikely to start curtailing its bond buying at its next policy meeting Oct. 29-30, given the uncertainty left by the government shutdown. Officials could act at one of the following two meetings—Dec. 17-18 or Jan. 28-29—but that, too, is uncertain.
- China’s third-quarter GDP growth fastest this year, but outlook murky - Reuters
China’s economy grew at its quickest pace this year between July and September, underpinned by investment, although analysts question if the vigor would continue in coming months.
The world’s second-largest economy grew 7.8 percent in the third quarter from a year earlier, in line with expectations, data from the National Bureau of Statistics showed on Friday.
3/ Eurozone & UK
- CDU and SPD agree to start negotiations for ‘grand coalition’ - FT – By Quentin Peel in Berlin
Leaders of Germany’s Christian Democrats and Social Democrats agreed on Thursday to launch negotiations to form a left-right “grand coalition” government led by Angela Merkel as chancellor.
Full-scale talks are expected to begin next Wednesday, after the negotiating teams have been given the go-ahead by their respective political parties. The formal negotiations could last for several weeks.