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Thursday, September 28

28th Sep - Rally trods on carefully






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EUROPE
Why Germany's Shakeup Won't Help Greece – BB
What Spain Secession Vote Means to Investors and What's to Come – BB

Peter Praet: Asset purchase programme and financial markets (Slides) – ECB
Paul Thomsen: The Euro Zone: What’s Next – IMF
Macron’s push for a deeply integrated EU will face difficulties ahead – Open Europe


UNITED STATES
“Inflation Weakness Is Temporary” – Tim Duy

  TAX PLAN
Still a long way to go for tax reform – Danske Bank
The New Republican Tax Plan Still Isn't a Plan – BB
Trump proposes U.S. tax overhaul, stirs concerns on deficit – Reuters
Economists Have No Use for Republican Tax Cuts – BB
Market Gives Up Tax-Hope Gains After UBS Says “Won't Happen” – ZH
Mnuchin Says 3% Growth ‘Very, Very Doable’ Under Trump Tax Plan – BB
Here’s How Tax Reform Could Squeeze the Middle Class – BB
A Trillion-Dollar Deduction Could Get Axed to Fund Trump Tax Plan – BB


OTHER
The Trump Trade Is Back – BB
How should a Trump portfolio look? – #SaxoStrats – TF
Small-Caps Break Out To All-Time Highs! – All Star Charts
Buffett's Hedge-Fund Bet Was a Virtual Sure Thing – BB

Bannon’s Back and Targeting China – BB


REGULARS
Morning Report APAC – TF
Asian markets were mostly up in early trade following the lead from Wall St. The USD also rose following the unveiling of Trump's tax-reform plan.

FirstFT Daily Briefing – FT
Corbyn in command, China’s fake Washington Post, Hugh Hefner dies

WSJ City – WSJ
U.K. Misses Out as EU Weighs Overhauls, Why Trump Tax Plan May Not Boost Buybacks

“Best of the web” daily charts – Lukas Daalder

Danske Daily – Danske Bank

Eye-Opener – Nordea
Snap election in Japan, US tax reform, stronger USD and higher bond yields * Inflation day today and inflation day tomorrow * Rates up * Little volatility in FX markets

Morning Markets – TF
The dollar soared equities roared ahead and safe-haven assets like gold and the Swiss franc went into a tailspin overnight after US president Donald Trump elaborated on his plans for wide-ranging tax cuts a key element of his electoral platform.

Daily Market Comment – Marc Chandler
Greenback Consolidates while Yields Continue to March Higher

Brussels Playbook – Politico
End of Schäuble era — May’s trade reality check

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

US Open – ZH
Global Bond Rout Accelerates Even As Dollar Rally Fizzles

Frontrunning – ZH


FINNISH
Aamukatsaus – Nordea
Tänään saadaan alustava tieto Saksan syyskuun inflaatiosta | USA:n ja euroalueen korot nousussa | Ruotsin vähittäismyynnin kasvun odotetaan jatkuneen vakaana