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EUROPE
Futures, Cable
Slump As Germany Denies Brexit Breakthrough – ZH
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 Agenda – BB
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 Weimar – BB
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 Identity – Spiegel
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 Turkey – Reuters
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.
UNITED STATES
Why are Trumpistas
so much nicer than Trumpian politicians?
ISM business
survey rises to highest level since 2004 – Pictet
OTHER
Weekly Market
Summary
– Fat
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 banks – ING
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 détente – Reuters
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 Today – Project
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 Stagnation – Project
Syndicate
EMERGING MARKETS
Contagion or Not,
These Emerging Markets Hold Key to Selloff – BB
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-Off – BB
Morgan
Stanley says stay short on emerging-market currencies * It’s “no longer just
about EM fundamentals:” Deutsche Bank
REGULARS
EU Open Rundown – RANsquawk
FirstFT Daily
Briefing
– FT
WSJ City – WSJ
U.S.
and Canada to Resume Trade Talks, U.K. Finance Sector’s Brexit Buffer
Danske Daily – Danske
Bank
Emerging
markets contagion
Daily Market
Comment
– Marc
Chandler
Continuing
EM Pain Helps the Dollar, but does Little for Yen
Brussels Playbook – Politico
Macron’s
party rejects Spitzenkandidat — Germany’s Mr. Europe — Hollywood Renzi
Five Things You Need
to Know to Start Your Day – BB
US Open – ZH
"It
Will Get A Lot Worse": Global Stocks Tumble As EM Contagion Roils Markets
US Open Rundown – RANsquawk
Aamukatsaus – Nordea
USA:n ISM-indeksi oli selvästi odotettua vahvempi
lisääntyneiden uusien tilausten myötä, kireät työmarkkinat huolettavat |
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