EUROPE
Ferdinando
Giugliano: Italy's Banks Stumble Into a New Crisis – BB
The
country’s lenders are stronger and better capitalized than in the past, but
funding costs are increasing and bad loans are still a big problem.
A look back: what
Eurozone “risk sharing” actually meant – FT
Germany
and France got as much risk sharing as their banks needed.
UNITED STATES
Fed rate
decoupling
– Pictet
Fed
likely to keep tightening while buoyed by a solid domestic backdrop
Noah Smith: Trump
Puts Supply-Side Economics to Its Final Test – BB
The
president’s tax cuts were supposed to lead to faster growth and bigger wage
increases. So far, there’s no sign that pay has gotten a boost.
Stephen Gandel: The
Buyback Boogeyman May Have Struck Again – BB
A
steep sell-off in stocks coincides with a blackout period for corporate
repurchases.
OTHER
Mnuchin warns
China on currency devaluations – FT
US
Treasury secretary wants to raise issue in trade talks
The Financial
System Is Stronger, but New Vulnerabilities Have Emerged in the Decade Since
the Crisis
– IMF
Martin Wolf: How
to avoid the next financial crisis – FT
Latest
IMF data highlights the lasting damage done by the 2008 collapse
We Forget That the
Financial Crisis Had a Trial Run – BB
The
collapse of hedge fund Long-Term Capital Management had the same ingredients:
lots of leverage, huge risk and a surplus of arrogance.
REGULARS
Brussels Edition
Daily
– BB
Brussels Briefing – FT
Rutte
and the ‘Merkelisation’ of Dutch politics - the political parallels between the
pair are striking
Eco Day Europe – BB
Anxious
Italy, Powell Warned on EM, Trump Deficit Plan
FirstFT Daily
Briefing –
FT
Danske Daily – Danske
Bank
Daily Market
Comment
– Marc
Chandler
Brussels Playbook – Politico
Timmermans
rises — Budget brawls — Auto compromise
Five Things You
Need to Know to Start Your Day – BB
Eco Day US – BB
Anxious
Italy, Powell Warned on EM, Trump Deficit Plan
US Open – ZH
Global
Stocks Spooked As US Treasury Yields Resume Their Ascent
US Open Rundown – RANsquawk
Aamukatsaus – Nordea
Brexit-neuvottelut jatkuvat, punta vahvistui | Norjasta
saadaan inflaatiolukuja syyskuulta | Suomen teollisuuden uudet tilaukset
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