EUROPE
Hard data proves soft in the euro area – Pictet
Signs of a certain loss
of momentum may well fuel additional ECB dovishness in the near term, but is
unlikely to compromise upcoming policy normalisation.
Liquidity of solvent member states more
important than fiscal stabilization – voxeu
Vesa Vihriälä: The
smooth functioning of the EMU requires risk sharing. This column, which joins
VoxEU's Euro Area Reform debate, argues, however, that its best use is not in
the support of fiscal expansion in recession countries, but in ensuring the
liquidity of solvent sovereigns under market pressure. Giving the ESM/EMF
access to central bank financing should be explored as a means to facilitate
it.
Leonid Bershidsky: Orban's
Economic Model Is Trump's Dream – BB
Hungary's prime minister keeps winning elections thanks to his unorthodox
policies in favor of the victims of globalization.
UNITED STATES
Deutsche Bank: America's Future No Longer
"Looks Sustainable In A Market Context" – ZH
MARKETS / OTHER
Lousy European Data Mean
It's Time to Buy Stocks, for Citigroup – BB
Economic-surprise index has fallen to lowest since 2012 * Previous drops
have preceded positive returns for stocks: Citi
The Global Trading Map
Looks Really Confusing Right Now – BB
Volatility and correlation measures are sending vexing signals * The
dollar has decoupled from once reliable risk-off behavior
Goldman Sachs: "This Is the Largest And Fastest
Correlation Change On Record Outside Of 1987" – ZH
Who's Driving The
Mysterious Swiss Franc Slump? – ZH
El-Erian: China Has Much
to Gain by Resolving Trade Issues With U.S. – BB
Reducing barriers and adhering to intellectual-property norms would
accelerate a push for greater global responsibilities.
Editorial: Grilling
Zuckerberg Doesn't Fix Facebook – BB
The company's travails highlight a central tension of the digital
economy.
Fiscal Rules: Make them Easy to Love and Hard to Cheat – IMF
Second-Generation Fiscal
Rules : Balancing Simplicity, Flexibility, and Enforceability – IMF
REGULARS
FirstFT Daily Briefing – FT
Syria strikes loom, TPP returns, Trump tapes
WSJ City – WSJ
U.S. Plans to Escalate Trade Pressure on China, LSE Names Goldman Banker
CEO
WSJ Economics – WSJ
Trump Sees Trade Strategy Working | More Pressure on China | Record
Streak for U.S. Jobless Claims
“Best of the web” daily
charts – Lukas
Daalder
Danske Daily – Danske
Bank
Daily Market Comment – Marc
Chandler
Markets Struggle to Find Footing while News Stream Improves
Brussels Playbook – Politico
Ireland first — Why Germany needs Belgium — Mad world
Five Things You Need to
Know to Start Your Day – BB
US Open – ZH
Global Stocks Levitate As Trade And Hot War Fears Recede
Frontrunning – ZH