Europe: ECB still concerned about existing stock of bank bad loans: Mersch The European Central Bank is still concerned with the stock of bad loans clogging up bank balance sheets in the euro zone, ECB Executive Board member Yves Mersch said on Monday. The ECB last week issued new proposals that will force banks from

U.S.: Hurricanes Harvey, Irma sink U.S. payrolls in September U.S. employment fell in September for the first time in seven years as Hurricanes Harvey and Irma left displaced workers temporarily unemployed and delayed hiring, the latest indication that the storms undercut economic activity in the third quarter. The Labor Department said on Friday nonfarm payrolls

U.S.: Trump’s Short List for Fed Chair Features These Hawks and Doves Here’s a look at the candidates President Donald Trump is considering over the next few weeks to nominate as chairman of the Federal Reserve and where they stand on monetary policy. Trump has met with Fed Chair Janet Yellen, National Economic Council Director

U.S.: 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 hurricanes Harvey and Irma, according to data released Wednesday from the ADP Research Institute in Roseland, New Jersey. HIGHLIGHTS OF ADP

Europe: EU to reform sales tax, end appeal of low-rate states in blow to Amazon The European Commission will propose on Wednesday changes to the way sales taxes are levied in the European Union with the aim of tackling fraud and curbing firms’ excessive tax-planning, a move that could hit U.S. online retailer Amazon (AMZN.O).

Europe: Euro Factories Add Jobs in Struggle to Keep Up With Orders Euro-area factories are scrambling to add staff as burgeoning orders stretch capacity. A Purchasing Managers Index for the region’s manufacturing industry rose to 58.1 in September from 57.4 the previous month, London-based IHS Markit said on Monday. That compares with a preliminary reading

U.S.:  U.S. consumer spending barely rises; core inflation retreats U.S. consumer spending barely rose in August likely as Hurricane Harvey weighed on auto sales and annual inflation increased at its slowest pace since late 2015, pointing to a moderation in economic growth in the third quarter. The weak report from the Commerce Department on Friday

U.S.: Bond Rout Persists on Tax Plan, Rates; Euro Gains: Markets Wrap Europe’s core government bonds extended a selloff, tracking a drop in Treasuries amid optimism over the U.S. economy and President Donald Trump’s tax-cut plan. Stocks edged lower and the dollar drifted as investors began to assess the implications of the much-anticipated tax proposal.

U.S.: Trump's tax plan to propose deep U.S. rate cuts, lacks revenue details U.S. President Donald Trump will call on Wednesday for slashing tax rates on businesses and the wealthy as part of a new tax plan that is likely to offer few details about how to pay for the cuts without expanding the federal

Europe: ECB's Draghi growing confident about inflation rebound The European Central Bank is growing increasingly confident that inflation will rise back to its target but patience is still needed, ECB President Mario Draghi said on Monday. Draghi singled out currency volatility as a source of uncertainty which requires monitoring and argued that the economy still