Google Analytics

Wednesday, February 21

21st Feb - Hawkish minutes, falling PMIs

Market dashboard as 22-Feb-2018. Bond yields to new highs * Vol and correlation elevated, but calm * USDJPY rising * Third red day for stocks

February purchasing manager indices: Europe below expectations, US above expectations

Follow ‘MoreLiver’ on

Giugliano: The Euro Zone Needs More Risk Sharing, But Fewer RisksBB
France and Germany are making a good start, but it will be hard to build a consensus.

The Euro Area Needs a Fiscal UnioniMFdirect
Without more tangible elements of a fiscal union, the euro area will remain fundamentally vulnerable to shocks.

Flash Eurozone Composite PMI –
Flash Germany Composite PMI – Markit
Flash France Composite PMI – Markit
Euro zone business growth loses momentum in Feb but remains strong – Reuters
German Economy on Track for Fastest Quarterly Growth Since 2011 – BB
Euro Area Hits Speed Bump on Road to Faster Economic Growth – BB

Is there a Multilateralism that the US could Like?Marc Chandler

Minutes Preview: "The Most Likely Surprise Is 4 Rate Hikes In 2018" – ZH
Minutes Preview: Just One Question - 3 Or 4 Hikes In 2018? – ZH
Five Fed Rate Hikes in 2018 Isn't A Crazy Idea – BB

Goldilocks: Hawkish On Growth And Inflation But Not Enough For 4 Hikes – ZH
Minutes Show Confidence Improving on Growth, Price Outlook – BB
The Annotated Minutes – BB

Market's Red Line for Yields Isn't Where Everyone Thinks It IsBB
Stocks will rise with yields until rates reach 3.5%, CS says * Once they push past 4 percent, equity declines more likely

The Rise of Tech Giants May Be Bad News for the Economy BB
The dominance of a few firms risks harming productivity and growth, study finds

Stocks Slammed: Dow Dumps Into Red As Bonds Puke ZH

Dow Plunges 500 Points As Bond Yields, Dollar Spike ZH

FirstFT Daily BriefingFT
May on notice, Lloyds £1bn buyback, malicious AI

Lloyds Launches Buyback as Profits Rise, Looser Spending Could Force Fed’s Hand

WSJ EconomicsWSJ
How Many Times Will the Fed Raise Rates This Year?

“Best of the web” daily chartsLukas Daalder

Danske Daily – Danske Bank

Daily Market CommentMarc Chandler
Markets Mark Time

Brussels PlaybookPolitico
Commission staff reshuffle — Tax disunity — Bill Gates interview

Five Things You Need to Know to Start Your DayBB

Futures, European Stocks Slide After Poor PMIs; Dollar Gains Ahead Of Fed Minutes


Aamukatsaus Nordea
Tulossa euroalueen ostopäällikköindeksit ja Fedin pöytäkirjat | Suomen tammikuun työmarkkinaluvut olivat vahvat | Ruotsin inflaatioluvut heikensivät kruunua

Aamukatsaus Danske Bank