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Tuesday, May 1

1st May - Steel wars postponed




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EUROPE
The EMU after the euro crisis: Insights from a new eBook - Findings and proposals from the Horizon 2020 ADEMU project – voxeu

eBook index and pdf link – voxeu

Greece reinforces land border with Turkey to stem flow of migrants – The Guardian
Athens rushes to counter fears of new crisis after arrival of nearly 3,000 people in April


UNITED STATES
Fed likely to keep rates steady; investors bet on June hike – Reuters

Leonid Bershidsky: Trump May Go Too Far in Alienating Europe – BB
The next EU election cycle could be far more anti-American than the last.

  TRADE WARS
U.S. Extends Steel Tariffs Relief for EU and Other Allies – BB
Argentina, Australia, Brazil have reached deals in principle *Negotiations to continue with EU, Canada, Mexico for 30 days

Trump delays metal tariffs on Canada, EU, Mexico, exempts some others – Reuters
U.S. stock futures edge up as Washington extends tariff exemptions – Reuters
Germany wants permanent U.S. tariffs exemption, deeper trade ties – Reuters


MARKETS / OTHER
Markets Live Spent a Week With the City. Here's What We Learned – BB
Bloomberg markets blog met with some 20 fund managers, traders * Trade war, China devaluation, tech selloff top the worry list

Why Traders Love Volatility Except When It Bites Back: QuickTake – BB

Morgan Stanley: Why Stocks Are Not Rallying On Strong Earnings – ZH

Goldman Sachs Euphoric On Oil: "There Is No Precedent Of This Happening Outside A Recession" – ZH

The Dollar's Rebound Is More Mystery Than Economics – BB
Exchange rates are intrinsically more difficult to forecast than most other economic or market variables.


REGULARS
FirstFT Daily Briefing – FT
Tariffs reprieve, merger mania, Tesla burns cash

WSJ City – WSJ
Trump Gives Allies Time on Trade, Why Investors Have it Wrong on Risk

WSJ Economics – WSJ
Is Inflation Peaking? | Tariff Reprieve | Italian Uncertainty

Danske Daily – Danske Bank

Daily Market Comment – Marc Chandler
Little Help on May Day

Brussels Playbook – Politico
US trade war on ice for a month — Budget golden cow — No sober Finns today

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

US Open – ZH
Dollar Surges Above 200DMA, Futures Flat As Most Markets Closed For Labor Day