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Wednesday, April 26

26th Apr - Trump's tax plan and Nafta-exit





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EUROPE
Social Unrest Is France's Biggest Risk – BB


UNITED STATES
Talks to Avert Shutdown Near Finale as Trump Yields on Obamacare – BB

  TAX PLAN
JPM: Trump's Tax Plan Virtually Impossible To Pass Through Congress– ZH
Trump’s 15% Corporate Tax Seen as ‘Gambit’ as He Unveils Plan – BB
Ben Carlson: How Markets Respond to Tax Reform – BB
White House Unveils Trump’s Opening Tax-Cut Bid – BB
Trump's plan seen as 'guidepost' by congressional Republicans – Reuters
Trump Calls for Cuts in Business, Individual Taxes – WSJ
El-Erian: Tax Plan Will Intensify the Race Between Growth and Debt – BB
Highlights In Trump's Sweeping Tax Reform Proposal – ZH

  NAFTA
Peso Plunges As White House Plans NAFTA Withdrawal Executive Order – ZH
Here Are the Markets Moving on Reports That Trump Will Drop Nafta – BB
  
 
REGULARS
Morning Report APAC – TF
The mood on Asian equity markets is upbeat echoing the cautious optimism evident in the US and Europe. Meanwhile the trade spat between the US and Canada is cause for concern for Asian exporters reliant on US markets.

FirstFT – FT
Nasdaq Composite breaches 6,000 for the first time. Fang stocks — Facebook, Amazon, Netflix and Google — led the charge

Danske Daily – Danske Bank

Eye-Opener – Nordea
Trump to release new tax plan today * BoJ and CBRT coming up * Bund yields under pressure, curves steepen sharply * SEK surges on employment numbers

Morning Markets – TF
In politics as in life it is often about timing and Donald Trump is expected Wednesday to unveil a corporate tax plan that will see the rate come down from 35% to 15%. While that could increase national debt by some $2 trillion it will at least enable the president to take a PR win ahead of the administration's 100-day anniversary.

From the Floor – TF
An unusual White House meeting between the US president and all of the Senate has added a layer of worry about conflict with North Korea and heightened geopolitical tensions appear to have lent support to safe-haven assets, including gold. Share prices, meanwhile, continue to storm higher despite the geopolitical tensions.

Daily Market Comment – Marc Chandler
Dollar Stabilizes Ahead of Trump and ECB

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 Market Cap Hits $50 Trillion For The First Time Ever As All Eyes Turn To Trump Tax Plan

Frontrunning – ZH


FINNISH
Aamukatsaus – Nordea
Saako Trump euro-taalan laskuun veropolitiikallaan? * Japanin keskuspankki pitää kiinni nykyisestä rahapolitiikastaan * Ranskan vaalien ensimmäisen kierroksen jälkeinen riskisentimentin nousu jatkuu * Ruotsin ensimmäisen neljänneksen työllisyysaste yllätti positiivisesti