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Tuesday, February 14

14th Feb - Rally paused before Yellen




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EUROPE
German conservatives dish the dirt on Martin Schulz – Politico
Ex-central bank chief charged over Spanish banking scandal – Politico

Greek Economy Unexpectedly Contracts as Next Crisis Brews – BB
Tim Worstall: Back in recession, bets on debt deal off – Forbes

Euro-Area Growth Revised Lower in Sign of Recovery Fragility – BB
Euro area: Solid GDP growth in Q4 – Nordea

U.K. Inflation Rate Rises Less Than Expected, Stays Below 2% - BB
Tim Worstall: Brexit an economic gift - UK Inflation Up To 1.8% - Forbes


UNITED STATES
  FEDERAL RESERVE
Takeaways From Fischer Speech – Tim Duy
Editorial: Who Will Watch the Banks Under Trump? – BB
Semiannual Monetary Policy Report to the Congress – FED
Yellen Sees More Rate Hikes Needed If Economy Stays on Course – BB
Goldman Sachs Raises March Rate Hike Odds – ZH

  TRUMP
Michael Flynn resigns as US National Security Adviser – Politico
Why Donald Trump let Michael Flynn go – Politico
Eli Lake: The Political Assassination of Michael Flynn – BB
Lies, Damn Lies, and Taxes – Marc Chandler
Leonid Bershidsky: Putin Is Getting All He Ever Wanted From Trump – BB
  
  TRUMP TRADE
With More Than $200 Billion Overseas, Is Apple the Ultimate Trump Trade? – WSJ
Buffett’s Berkshire Hathaway Bought Apple Near the Bottom – WSJ


OTHER 
China: Rise in inflation set to trigger monetary tightening – Danske Bank

  
REGULARS
FirstFT – FT
Toshiba reports big loss, Trump’s first man down and Cameroon’s language divide * Financial mess engulfing the Japanese conglomerate reflects huge cost overruns and delays linked to nuclear projects in the US

WSJ City – WSJ
Sterling Hurts Rolls Royce, Credit Suisse Loss Narrows, Trump’s Security Adviser Quits

Danske Daily – Danske Bank

Eye-Opener – Nordea
Busy day ahead in a relatively calm week * Euro-area GDP, UK inflation and Yellen speaking * Japanese investors dump Treasuries, new data show * GBP and USD waiting for key events

Morning Markets – TF
Beleaguered Japanese conglomerate Toshiba ditched a scheduled earnings release overnight to send its shares down 9% and scupper Nikkei in the process. It's lost 50% since a gaping hole in its nuclear business in the US was first unveiled two months ago.

From the Floor – TF
The resignation of US national security adviser amid Russia contacts set a darker tone for Asian markets. At the same time China surprised positively with higher than expected PPI data and Opec production cuts are working - for the time being at least.

Euro wrap-up – Daiwa

Daily Market Comment – Marc Chandler
Markets Showing Little Love on Valentines

Brussels Playbook – Politico

Five Things You Need to Know to Start Your Day – BB

10 things you need to know before the opening bell – BI

US Open – ZH
Global Stocks, Dollar Falter As Yellen Testimony Looms; S&P Futures Pressured By Flynn Resignation

Frontrunning – ZH


FINNISH
Aamukatsaus – Nordea
Kaksi päivää Yelleniä * Fedin Yellen on tänään senaatin kuultavana ja pitää huomenna puheen kongressille * Euroopan komissio nosti euroalueen kuluvan vuoden BKT-ennustetta * Öljyn hinta palautui lupaavan nousun jälkeen

Saksalaiset haukkuvat väärää puuta – Nordea
EKP:n toimien kritisoinnista on tullut Saksassa yleinen huvi. Keskuspankin suunnalta kritiikille on kuitenkin turha odottaa ymmärrystä, sillä inflaatio on yhä liian hidasta nimenomaan Saksassa.

Pukit kaalimaan vartijoina – Asiaa populismista – JS Hankamäki

Ylen uutistoiminnan alennustila – Matti Mäkelä