EUROPE
Editorial: Germany’s
Shrinking Political Center – BB
Angela
Merkel’s troubles bode ill for her country — and for Europe.
ITALY
Italian Cabinet
Approves 2019 Budget, Sends Plan To Brussels – ZH
Italy’s budget
plans to weigh on euro – ING
Italy's
deficit raising budget plan will remain an overhang for the euro while Brexit
uncertainty is set to overshadow a solid UK jobs report
Italy’s Already on
Precipice of Debt Spiral – BB
Average
yield must fall to 2.63% to regain balance: Rabobank * Pain can be staved off
until auctions demanding higher rates
Italy meets
deadline to submit draft budget to EU – FT
Populist
government defies Brussels targets and plans to widen budget deficit
The Bad and Less
Bad News About Italy's New Budget – BB
The
governing parties promise some familiar handouts. But their growth projections
are based on some wildly optimistic forecasts.
Juncker Warns 'The
EU Cannot Survive Without Italy' – ZH
Juncker hints
Brussels will reject Italian budget – FT
European
Commission president cites ‘gap’ between Rome’s promises and new plans
OTHER
Nordea View: The
story is not over
– Nordea
Slower
growth, higher wage costs, rising interest rates, a negative liquidity trend,
record-high margin expectations and stretched valuations leaves little to no
room for negative surprises. We see further downside for equities the coming
6-9 months.
Investors Fretting Fed Error Most Bearish on Economy Since 2007 – BB
Record
85 percent of fund managers say world is in late cycle * Survey shows cash
holdings remain at an elevated 5.1 percent
China May Have
$5.8 Trillion in Hidden Debt With ‘Titanic’ Risks – BB
Local
governments relying on LGFVs to fund projects, S&P Says * Citigroup
analysts agree markets right to worry over debt risk
S&P Reveals
$5.8 Trillion In "Hidden" Chinese Debt With "Titanic Credit
Risks"
– ZH
REGULARS
EU Open Rundown – RANsquawk
Brussels Edition
Daily
– BB
Brussels Briefing – FT
Italy’s
budget D-Day has arrived - the deficit is forecast to swell to 2.4 per cent of
GDP on the back of tax cuts and spending programmes
Eco Day Europe – BB
Fragile
Brexit Talks, China Prices, U.S. Budget Blowout
FirstFT Daily
Briefing
– FT
WSJ Daily
Economics –
WSJ
U.S.
Budget Deficit Heads Toward $1T | Is China Manipulating the Yuan? | College
Costs Flatten
Danske Daily – Danske
Bank
Daily Market
Comment
– Marc
Chandler
Brussels Playbook – Politico
Operation
‘Save Merkel’ — Accidental Americans seek USexit — RIP Daphne
Five Things You
Need to Know to Start Your Day – BB
Eco Day US – BB
U.K.
Wages Jump, German Optimism Drops, Canton Fair
US Open – ZH
Global
Markets Rebound As Calm Returns Ahead Of Earnings Deluge
US Open Rundown – RANsquawk
Aamukatsaus – Nordea
Brexit-neuvottelut edelleen solmussa, keskiviikkona
alkavaa EU-huippukokousta seurataan tarkasti | USA:n vähittäismyyntiluvut
jäivät odotuksista | Iso-Britanniasta saadaan tänään työmarkkinalukuja, Saksan
ZEW-indeksi julkaistaan