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Friday, May 25

25th May - Spain joins the worry list


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EUROPE
Hans-Werner Sinn: The Perils of European Deposit Insurance – Project Syndicate
The European Commission and the European Central Bank are wrong to advocate a Europe-wide deposit insurance scheme. While some form of deposit insurance is not a bad idea, a one-size-fits-all state-provided solution would do more harm than good.

ECB Research: In the  mind of Draghi –
Danske Bank

   SPAIN AND ITALY
The European Crisis Is Back: Italian, Spanish Bonds Crash Amid Political Chaos – ZH
Spain Joins List of Market Worries – WSJ
Spain’s Rajoy Vows to See Out His Term as Rivals Plot to Oust Him – BB
Political Fears Roil Europe as Italian Stocks Slide With Spain – BB
Spanish Bonds Learn the Wrong Italian Lesson – BB
EU may not enforce its rules on Italy, but financial markets will – Reuters
Rising market pressure set to challenge spending plans – Danske Bank
Rome alone? Five key questions for the euro – Reuters


OTHER
Deutsche: "Every Fed Tightening Cycle Creates A Crisis" – ZH


REGULARS
EU Open Rundown – RANsquawk

Market Briefing: Daily Markets Overview – Yardeni Research

FirstFT Daily Briefing – FT
N Korea still open to talks, GDPR day, Alexa blunder

WSJ City – WSJ
Why Italy’s Economy Risks a Spiral of Decline, What to Know About GDPR

WSJ Economics – WSJ
What Do Tariffs, Oil Prices, a Tight Labor Market and Rising Borrowing Costs Mean for the Economy?

“Best of the web” daily charts – Lukas Daalder

Danske Daily – Danske Bank

Daily Market Comment – Marc Chandler
US Dollar Loses Momentum Ahead of the Weekend

Brussels Playbook – Politico
The Italian Job — Putin’s manspread — Farage may linger

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

US Open – ZH
Traders On Edge As Spanish Political Crisis, Oil Plunge Threaten Pre-Holiday Market Bliss


FINNISH
Aamukatsaus – Nordea
Saksasta vuorossa IFO-indeksit | EKP:n kokouksen pöytäkirja ei yllättänyt | Turkin keskuspankki reagoi liiran heikentymiseen