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Friday, March 2

2nd Mar - Trump's tariffs, Europe's super-weekend





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EUROPE
Who killed European social democracy? – Politico
Collapse of center left risks destabilizing Continent’s politics.

EU tentatively backs reform of labor rules sought by Macron – Reuters
The European Union reached a tentative agreement on Thursday to tighten employment rules for workers who move to richer member states in order to earn more money, a practice some countries say can be used to undercut wages and labor rules.

Germany: ‘Yes’ or ‘no? What’s it gonna be, SPD? –
ING
While Italy votes, financial markets should also have a close eye on German politics on Sunday. In fact, the result of the SPD’s member vote on whether or not to join a coalition with Angela Merkel’s CDU could have a bigger impact on markets and Europe than the Italian elections

Draghi Confronts Limit of His Powers as Latvian Standoff Endures – BB
Latvian Governor Ilmars Rimsevics returned to work on Monday * Crisis may prompt questions at Thursday ECB press conference

  ITALY
Ferdinando Giugliano: After Italy's Campaign Comes the Reality Check – BB
The promises Italian politicians make before an election bear no resemblance to what they can deliver.

Italy’s 5Stars jump the gun and unveil Cabinet team – Politico
Anti-establishment party announces who its ministers will be if it wins Sunday’s election.

Antonio Tajani agrees to be Forza Italia’s prime ministerial candidate – Politico
European Parliament president said he had accepted Silvio Berlusconi’s invitation.

Italy Election Preview: Here Are The Main Questions On Investors' Minds – ZH


UNITED STATES
War is stupid – ING
The world stands on the brink of a trade war as Donald Trump announces severe tariffs on steel and aluminium - forget the yield curve - this is how recessions start.

What Trump’s import tariffs mean for metal prices – ING
Trump has confirmed he will impose 10% duties on all imports of aluminium (primary and products) and 25% on steel. Costs to be borne by local consumers have already surged and have further to go. The all-important details on Canada remain unknown

Furious World Responds To Trump Tariffs, Vows Retaliation – ZH

WSJ Editors: "This Is The Biggest Policy Blunder Of Trump's Presidency" – ZH

Editorial: Oh! What a Lovely Trade War – BB
Trump makes strange claims all the time. But his latest deserves special recognition.
 
 
MARKETS / OTHER
6 Reasons Why BofA Believes Another $6 Trillion Correction Has Started – ZH

Morgan Stanley: Beware, There Is No Liquidity In This Market – ZH

Eli Lake: Turkey Is Turning Into the Next Pakistan – BB
The U.S. should make clear to ersatz allies that betrayal has consequences.

Leonid Bershidsky: Why Putin Is Rattling His Superweapons – BB
He wants respect, but he'll end up getting an arms race Russia can't win

  JAPAN
BOJ's Kuroda Joins Queue of Central Banks Looking Toward Exit – BB
Bank of Japan Will Think About Stimulus Exit Around 2019: Kuroda – BB
Kuroda Shocks Markets Hinting At QE End; Nikkei, USDJPY Tumble – ZH


REGULARS
FirstFT Daily Briefing – FT
May’s Brexit speech, Putin’s ‘invincible’ missile, billionaire bolt-holes

WSJ City – WSJ
Trump’s Tariff Pledge Sparks Trade War Worries, May to Set Out EU Vision, Italy Vote to Test Market Calm

WSJ Economics – WSJ
Tariffs Spark Trade Worries | U.S. Incomes Get a Tax Boost | Japan Jobless Rate Near 25-Year Low

Danske Daily – Danske Bank

Daily Market Comment – Marc Chandler
Markets Unanchored?

Brussels Playbook – Politico
EU speech day — May fights trade war tide — Tajani for Italy PM

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

US Open – ZH
Stocks, S&P Futures Plunge After Trump-Kuroda Double Whammy

Frontrunning – ZH


FINNISH
Aamukatsaus – Nordea
Sunnuntaina huomio kiinnittyy Italian vaaleihin ja Saksan sosiaalidemokraattien jäsenäänestykseen | Trump asettamassa tulleja teräkselle ja alumiinille | Blogi: Taantuma iskee Suomeen vuonna 2020

Aamukatsaus – Danske Bank

Orpo: Suomi”hyvin kriittinen” uusia tulonsiirtoja kohtaan – IL
Valtiovarainministeri Petteri Orpo kertoo Iltalehden haastattelussa, mitkä ovat kipukohdat tulevissa euroalueen väännöissä. Suomen maksuosuus kasvaa joka tapauksessa.

Maahanmuutto – kriitikon käsikirja – Suomen Perusta