Google Analytics

Wednesday, September 5

5th Sep - Negative feels

Follow ‘MoreLiver’ on Twitter

Futures, Cable Slump As Germany Denies Brexit BreakthroughZH
Reuters reports that German government officials have denied the Bloomberg report, confirming that their position on Brexit has not changed.

Leonid Bershidsky: Germany’s New Leadership AgendaBB
Manfred Weber’s run for the European Commission presidency is a new beginning for his country rather than for Europe.

Leonid Bershidsky: Germans Should Review the Lessons of WeimarBB
Today’s far-right agitation is nothing like the nightmare of the early 1930s, but the silent majority still needs to mobilize.

Examining the State of German IdentitySpiegel
Integration and immigration are extremely controversial issues in the Germany of today. What do they say about the state of German identity? A handful of new books add fuel to the already blazing fire.

German minister doesn't expect to discuss financial aid for TurkeyReuters
German Foreign Minister Heiko Maas said on Wednesday that he would use his trip to Turkey to find out about the country’s financial crisis but added that he did not expect to discuss financial aid for Ankara.

Why are Trumpistas so much nicer than Trumpian politicians?

ISM business survey rises to highest level since 2004Pictet

Weekly Market SummaryFat Pitch
SPX, NDX, small caps as well as broad measures like the Russell 3000 - which equals 98% of total US market capitalization - made new all-time highs (ATHs) last week. Even when indices are adjusted for the dominant FAAMNG companies, the remaining 99% of stocks also at new ATHs. The trend is clearly higher, and several new momentum studies suggest that equities are likely to gain more before year-end.

Our September guide to global central banksING
US: Onwards and upwards * Eurozone: On auto pilot * UK: It all comes down to the deal * Japan: Talk is cheap * China: Making more room for yuan to weaken * Australia: Heading down, down under? * New Zealand: Steady as she goes * Canada: A hike is on its way – but not quite yet * Switzerland: Ultra-loose monetary policy likely to continue * Sweden: Still in stand-by mode * Norway: Ready to hike

EU, U.S. trade chiefs to mend ties after Trump tariff détenteReuters
U.S. and EU trade chiefs will hold a first meeting in Brussels on Monday to pursue closer transatlantic ties after Trump agreed to drop his threat of tariffs on EU cars.

Harold James: What Lehman Brothers’ Failure Means TodayProject Syndicate
The standard story about the September 2008 collapse of Lehman Brothers is that it led to a deeper understanding of the risks of financial complexity and free-wheeling capitalism. In fact, the ensuing crises in the US, Europe, and elsewhere were more a product of broader changes in twenty-first-century politics and society.

Stiglitz vs. Summers on Secular StagnationProject Syndicate

Contagion or Not, These Emerging Markets Hold Key to SelloffBB
Brazil, Indonesia May Be Better Off Than Currencies Suggest * Current Account Deficits Remain Key to Many Developing Nations

How Much Worse Can the Emerging-Market Slump Get?BB
Morgan Stanley has bearish view on credit, rates, currencies * JPMorgan says equity fund managers far from ‘capitulation’

No Relief in Sight for Emerging Markets as Rand Leads Sell-OffBB
Morgan Stanley says stay short on emerging-market currencies * It’s “no longer just about EM fundamentals:” Deutsche Bank

EU Open RundownRANsquawk

FirstFT Daily BriefingFT

U.S. and Canada to Resume Trade Talks, U.K. Finance Sector’s Brexit Buffer

Danske DailyDanske Bank
Emerging markets contagion

Daily Market CommentMarc Chandler
Continuing EM Pain Helps the Dollar, but does Little for Yen

Brussels PlaybookPolitico
Macron’s party rejects Spitzenkandidat — Germany’s Mr. Europe — Hollywood Renzi

Five Things You Need to Know to Start Your DayBB

US Open ZH
"It Will Get A Lot Worse": Global Stocks Tumble As EM Contagion Roils Markets

US Open RundownRANsquawk

USA:n ISM-indeksi oli selvästi odotettua vahvempi lisääntyneiden uusien tilausten myötä, kireät työmarkkinat huolettavat | Julkaisemme tänään uuden Nordea Economic Outlookin, ilmoittaudu webinaariin! | Venäjältä saadaan tänään elokuun inflaatioluvut