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Thursday, May 3

3rd May - Europe's inflation lower




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EUROPE
Leonid Bershidsky: EU Wants Members to Respect Its Values or Take a Pay Cut – BB
The bloc’s spending plan aims to nudge Eastern European nationalists into line.

First thoughts on the EU’s budget plans – ING
The European Commission’s proposals for the post-Brexit budget includes interesting and probably somewhat controversial new tools placing pressure on both CEE and Western countries. Getting these proposals through the negotiation process will be anything but easy

  DATA
Euro area annual inflation down to 1.2% - Eurostat
Euro Area's Easter Inflation Blip Gives ECB Cause to Stay Wary – BB
Eurozone core inflation drops well below 1% - ING

 
MARKETS / OTHER
Kim Jong Un Is Masterfully Playing Trump’s Game – BB
The North Korean leader’s moves show a keen sense of The Art of the Deal.


REGULARS
EU Open Rundown – RANsquawk
Fed held Funds Target Rate at 1.50%-1.75% as expected. Fed said inflation moved close to its “symmetric” inflation target of 2% and is expected to ‘run near’ that level over the medium term * Asian equity markets traded mostly negative following the weakness on Wall St post-FOMC * Looking ahead, highlights include Norges rate decision, UK services PMI, EU CPI, US trade, weekly jobs, ISM non-mfg, factory orders, a slew of speakers and earnings

FirstFT Daily Briefing –
FT
Musk mouths off, Cambridge Analytica closes, swivel-eyed shrimps

WSJ City – WSJ
Tesla Burns Through Cash, U.S. Weighs Curbs on China Telecom Firms

WSJ Economics – WSJ
The Fed | Chinese Trade Politics | Jobs Guarantee
  
Danske Daily – Danske Bank

Daily Market Comment – Marc Chandler
Respite to Dollar Short Squeeze

Brussels Playbook – Politico
Budget fallout — Hungary unhappy — What’s happening in Italy

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

US Open – ZH
Global Stocks, Dollar Slide As Nervous Traders Eye US-China Trade Talks
  

FINNISH
Aamukatsaus – Nordea
Euroalueelta saadaan tänään huhtikuun inflaatioluvut | Norjan keskuspankki kokoustaa, mutta pitää korot ennallaan | Fed ei yllättänyt, vaan piti rahapolitiikkansa ennallaan