8th Aug - Cryptos tumbling, Russian sanctions, Saudis rattling

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EUROPE

As Turkey Markets Sink, Speculation of Extreme Measures Spreads – BB

Turkey's trading rooms are awash with talk of a bailout or capital controls.

Ruble Tumbles, Russian CDS Jump After Full Text Of "Crushing Sanctions" Bill Leaks – ZH

UNITED STATES

US yield curve and recession risk - watch the shape not the slope – ING

With the 2s10s yield curve on a persistent flattening trend and dipping below 25bp last month, talk about a possible downturn in 2H19/2020 has heated up. We don't think the US curve will invert anytime soon but when it does in 2019 keep an eye on 2s5s10s - the alternative bond market recession indicator

US Sanctions Russia Over Nerve-Agent Attack on Ex-Spy in UK – BB

OTHER

Saudi Arabia sells off Canadian assets as dispute escalates – FT

Ottawa’s criticism over the arrest of female activist sparks strong reaction

Saudi Arabia’s furious attack on Canada shocks western allies – FT

Ottawa’s call for release of activists provokes bellicose response from Riyadh

Saudi Arabia Threatens More Retaliation Against Canada – BB

Kingdom begins to sell Canadian assets in diplomatic dispute * Canada will ‘speak strongly’ on human rights, PM Trudeau says

REGULARS

EU Open Rundown – RANsquawk

FirstFT Daily Briefing – FT

WSJ Economics – WSJ

The U.S. Has More Job Openings Than Unemployed; Tariffs Take a Toll On Small Business

Danske Daily – Danske Bank

Daily Market Comment – Marc Chandler

Sterling Can't Get Out of Its Own Way, While Dollar and Yen Catch a Bid

Brussels Playbook – Politico

Too hot for transatlantic trade — No Mercs for the mullahs — Putin’s Helsinki talking points revealed

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

US Open – ZH

S&P On Verge Of History Despite Renewed Trade War Fears; Yuan, Sterling, Lira Slide

US Open Rundown – RANsquawk

Aamukatsaus – Nordea

Saksan odotettua heikommat teollisuuden tuotantoluvut toivat jatkoa heikoille tilausluvuille | USA:n tullit eivät näkyneet Kiinan viennissä heinäkuussa, uudet tullit voimaan tämän kuun lopulla | Eurotaala nousi viiden päivän laskun jälkeen