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Tuesday, August 28

28th Aug - Germany ponders Turkey's bailout

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EUROPE
As Turkey Teeters, Germany Considers Offering a Financial Lifeline – WSJ
Berlin fears a meltdown of the Turkish economy could spill over into Europe with dire consequences

Germany Looks for Ways to Help Turkey Without Offering Emergency Funding – BB
Official says Merkel is pulling together list of suggestions * IMF still seen as first line of defense in any meltdown

Central Europe: running out of steam – FT
After 20 years of growth, labour shortages threaten to shake up the region’s economic model

Eurozone loan growth does not signal faster economic growth – ING
While not bad on the surface, monetary developments in July disappointed a little after a strong June. Loan growth to both households and corporations stalled, providing only weak support to GDP growth in the months ahead


UNITED STATES 
  NAFTA
Editorial: Rebranding Nafta Is Better Than Dismantling It – BB
Trump’s deal with Mexico could have been worse.

Tyler Cowen: Trump’s Nafta Deal Isn’t Worth the Price – BB
The president picked a fight with Canada and Mexico, and a marginally better trade deal won’t repair the relationship.

Nafta is dead: Long live the US / Mexico Trade Agreement – ING
The Canadian dollar is looking more supported after Mexico struck a deal with the US on trade. But this is not going to be a pushover. Nafta is dead. Will Canada be willing to sign up to a deal on Mexican terms?

Canada rejoins talks to stay in NAFTA, deal possible this week – Reuters


OTHER
Nomura: The Market Is Sniffing Out The Possibility Of A 2019 Rate Hike Pause From The Fed – ZH

The bull market is running out of brea(d)th – FT

A dangerous dance: when auditors are too close to the client – FT
Firms can be too focused on pleasing customers who are also a source of consulting income


REGULARS
EU Open Rundown – RANsquawk

FirstFT Daily Briefing – FT

WSJ Economics – WSJ
Half Way to a New Nafta | Kushner Steps In | Newsprint Tariffs

Daily Market Comment – Marc Chandler

Brussels Playbook – Politico
Oettinger backs Weber — Di Maio slaps back — Poland nears precipice

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

US Open – ZH
S&P Above 2,900, Global Stocks Hit 6 Month High As Dollar Slide Accelerates

US Open Rundown – RANsquawk

Aamukatsaus – Nordea
USA ja Meksiko pääsivät yhteisymmärrykseen Nafta-sopimuksen uusista ehdoista, dollari heikkeni | Tänään luvassa hiljainen päivä | Saksan Ifo-indeksi yllätti positiivisesti alkuvuonna nähdyn laskun jälkeen