EUROPE
Sweden on the
Populist Precipice? Not So Fast – BB
Investors
are worried about the Sweden Democrats for the wrong reasons.
Fiscal battle
looms over Italian bonds – Pictet
Italy
is coming back into focus as investors become increasingly nervous about 2019
budget discussions.
Core inflation
cool even in eurozone economies running hot – ABN
AMRO
UNITED STATES
Of Trump, taxes,
and earnings growth
– FT
Lower
tax rates accounted for 47% of year-over-year earnings growth (2Q18 v 2Q17) in
the aggregate for the S&P 500 companies analysed
OTHER
Turkey crisis: a
long time coming
– ABN
AMRO
Turkey
will face a severe crisis; we have adjusted our growth forecast to -3% in 2019
* Troubles have been building up over time. US diplomatic spat was the trigger
for the currency crisis * Non-financial corporate sector is directly in the
line of fire * Crisis will spill over to the banking sector and FX liquidity
issues will become more prominent * Government’s fiscal position will worsen on
the back of support provided to banks/corporate sector
FX: what usually
happens ahead of US curve inversions? – Nordea
The
curve keeps flattening, the current US economic expansion is the second oldest
ever, and financial markets appear to be showing a late-cyclical mindset. In
this piece we look at what usually happens in the FX space ahead of US curve
inversions.
"Expect More
Pain": As EM Contagion Goes Global, Wall Street Sees No Way Out – ZH
It's Beginning to
Look a Lot Like a Crisis – BB
The
emerging-market selloff has all the hallmarks of contagion.
Emerging-Market
Contagion Concerns Are Becoming Contagious – BB
REGULARS
EU Open Rundown – RANsquawk
FirstFT Daily
Briefing
– FT
WSJ City – WSJ
Trump
Puts Bare-Knuckle Diplomacy to Test, Is it Time to Buy Emerging Markets?
Danske Daily – Danske
Bank
Emerging
markets put to work on Labour Day
Daily Market
Comment
– Marc
Chandler
Brussels Playbook – Politico
Safe
in Japan — Militia in Slovenia — Martin Selmayr’s D-Day
Five Things You
Need to Know to Start Your Day – BB
US Open Rundown – RANsquawk
Tänään julkaistaan USA:n ISM-ostopäällikköindeksi | IMF:n
Lagarde ja Argentiinan Dujovne tapaavat tänään lainaohjelman maksujen
nopeuttamisen merkeissä | Punta heikkeni Brexit-huolien ja heikkojen lukujen
myötä, öljyn hinta jatkoi nousuaan
Ruplan ja öljynhinnan kohtalonyhteys – Suomen
Pankki