Global: The World Economy is Flying with Only One Engine
The global economy is like a jetliner that needs all of its engines operational to take off and steer clear of clouds and storms. Unfortunately, only one of its four engines is functioning properly: the Anglosphere (the United States and its close cousin, the United Kingdom) (Source: The Guardian)

United Kingdom: Germany Would Accept UK Exit from EU’ to Protect Migration Rules
Chancellor Angela Merkel has reportedly warned David Cameron she would rather see the UK leave the EU than compromise over the principle of free movement. (Source:BBC)

Ukraine: Pro-Russian Rebels Vote for Leaders in Eastern Ukraine
Pro-Russian rebels elected a separatist leadership in eastern Ukraine on Sunday in a vote President Petro Poroshenko called “a farce”. (Source: Reuters)

China: China Oct PMIs Point to Cooling Economic Momentum, Growth Target at Risk
China’s economy lost further momentum heading into the fourth quarter as a cooling property market weighed on activity and export demand softened, according to October surveys. The results put China’s official target for the year at even greater risk (Source: Reuters).

Europe: ECB Skips Fireworks for Day One of New Role as Supervisor
The European Central Bank is about to achieve its biggest expansion of powers since the start of the euro. No celebrations are planned. (Source: Bloomberg)

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