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Friday, May 11

10th May - Italy might get a government



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EUROPE
Macron Tells Merkel Her ‘Budget Fetish’ Is Hurting Europe – BB
French president airs grievances to his most important ally * Merkel sidesteps Macron’s call for a euro-zone budget

ESM's Klaus Regling: Germany's 1953 Debt Restructuring A Model For Greece? – Klaus Kastner

  ITALY
Italy's Berlusconi Gives Green Light to a Populist Tie-Up –
BB
Five Star, League have been pressing ex-premier for go-ahead * President Mattarella gave populist parties 24 hours for deal

Italy’s populist parties edge closer to deal to govern – FT
Five Star and League hail ‘significant steps’ after Berlusconi gives blessing to tie-up

Italian Bonds, Stocks Slide As Populist Parties On Verge Of Forming Euroskeptic Government –
ZH

  EUROPEAN CENTRAL BANK
Iempeccable – Europe’s inflation trouble –
Lukas Daalder

ECB Economic Bulletin, Issue 3 / 2018 –
ECB

Measures of slack in the euro area – ECB

Risk sharing in the euro area – ECB


UNITED STATES
U.S. consumer prices rise slightly; labor market tightening – Reuters
U.S. Consumer Prices Rise Less Than Forecast in April – BB


MARKETS / OTHER
Leonid Bershidsky: Reality Check: Europe Won't Roll Over on Iran – BB
U.S. allies will continue to do business, despite the threat of sanctions.

When It Comes to Iran, Threats and Pressure Get Results – BB
History shows that in moments of weakness, Tehran is most cooperative. Has Trump created such a moment?


REGULARS
EU Open Rundown – RANsquawk

FirstFT Daily Briefing – FT
Malaysia election shock, Italian breakthrough, Uber flying taxi

WSJ City – WSJ
RBS Agrees $4.9 Billion U.S. Settlement, Investors Await BOE’s Interest Rate Plan

WSJ Economics – WSJ
China’s Shopping List | Rising Costs Squeeze Businesses | California Insists On Solar

Daily Market Comment – Marc Chandler
Kiwi Tumbles on Dovish RBNZ, While Sterling Goes Nowhere Ahead of BOE

Brussels Playbook –
Politico
Italy breakthrough — Top tip for dictators — ‘Psychological violence’ at EU asylum agency

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

US Open – ZH
Futures Flat After Barrage Of Overnight News; CPI Looms