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Thursday, August 9

9th Aug - Sanctions on Russia, US-China trade war


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EUROPE
ECB Economic Bulletin – ECB

  RUSSIA
Russia Blasts New U.S. Sanctions Plan as Ruble, Stocks Slide – BB
U.S. announced new restrictions over U.K. nerve-agent attack * Congress considering “crushing” new curbs to punish Kremlin

Aeroflot Shares Plunge as U.S. Sanctions Raise Flight-Ban Risk – BB
Russia’s state-run carrier falls as much as 12% in Moscow * Analyst warns of possible tit-for-tat response from U.S.

Russia Condemns New "Draconian" Sanctions, Weighs Banning Rocket Engines To US – ZH


UNITED STATES
Steven Mnuchin Is Still Standing – BB
Trump’s Treasury secretary has pushed tax cuts and sanctions and has learned to keep his head down in the trade war.


OTHER
What Now for Saudi Arabia's Planned $2 Trillion Fund? – BB

  CHINA TRADE WAR
Handling of U.S. trade dispute causes rift in Chinese leadership: sources
– Reuters

The Debate That Evenly Divides Economists: Is This a ‘Trade War?’ – WSJ

The Yin and Yang of the US-China Relationship – Marc Chandler

The Trump Administration’s Dead End on Trade – Project Syndicate
The Trump administration has initiated a trade dispute with China with the stated goal of reducing America's bilateral deficit. But given the strengthening dollar and expansionary US fiscal policies, the US trade balance will almost certainly worsen for the foreseeable future.

Noah Smith: Trump Is Right: China Should Stop Stealing the U.S.'s Best Ideas – BB
The theft or forced transfer of technology and intellectual property should be a no-no.

Pocket’s 30 Million Users Are Great for Publishers – BB
Mozilla’s focus on leisurely reads is aimed at publishers burned by Facebook. It’s paying off: Traffic is already up 75 percent this year.


REGULARS
EU Open Rundown – RANsquawk

FirstFT Daily Briefing – FT

WSJ Economics – WSJ
China’s Getting Ready for a Long, Bruising Trade Fight

Danske Daily – Danske Bank

Daily Market Comment – Marc Chandler
Sterling Remains Under Pressure, while the Greenback Firms Broadly

Brussels Playbook – Politico
What it means to be German — Trade is on (or is it?) — Bad look for Macron

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

US Open – ZH
Futures Flat As China Charges Higher; Ruble, Lira, Kiwi Collapse

US Open Rundown – RANsquawk

Aamukatsaus – Nordea
Rupla heikentyi USA:n uusien sanktioiden myötä, punta Brexit-riskin myötä | Tänään julkaistaan Suomen kesäkuun ulkomaankaupan alustavat tilastot | Uuden-Seelannin keskuspankki lykkäsi seuraavaa koronnostoaan kauemmas yllätysliikkeessä