EUROPE
Squaring off over
the Italian budget
– Pictet
The
Italian government has confirmed its deficit target at 2.4% of GDP for 2019.
Italy: Testing the
limits
– Nordea
Worries
about Italy have picked up again as the government defies both the EU fiscal
rules and signals from financial markets. Despite the rough ride, we find that
the Italian debt load remains sustainable, albeit barely. Many risks still lie
ahead.
Italy: Temporary
fiscal push in 2019, but afterwards? – ING
The
stated unwillingness to resume the structural adjustment path and very
optimistic growth assumptions in the NADEF raise doubts about debt/GDP
developments. A more conciliatory post-2019 and a constructive debate on the
contents of the budget might yet limit damages inflating market concerns
OTHER
Global Growth
Plateaus as Economic Risks Materialize – IMF
Uncertainty
over trade policy is becoming a drag on economic activity
Ferdinando
Giugliano: ‘Trumponomics’ Takes a Heavy Toll on the World – BB
IMF
report shows the impact of U.S. tax cuts and tariffs on global growth and
emerging markets.
REGULARS
EU Open Rundown – RANsquawk
Brussels Edition
Daily
– BB
Brussels Briefing – FT
FirstFT Daily
Briefing –
FT
WSJ Daily
Economics
– WSJ
IMF
Downgrades Global Growth | China’s Yuan Stumbles | U.S.-China Relations Getting
Frostier
Danske Daily – Danske
Bank
IMF
cuts global growth estimate on trade jitters
Daily Market
Comment –
Marc
Chandler
A
(Short) Reprieve For China while the Dollar Stays Firm
Brussels Playbook – Politico
Juncker
the dancing king — Nixing single-use plastics — Germany’s reality check
Five Things You
Need to Know to Start Your Day – BB
Eco Day – BB
Trump's
Yuan Worries, Nobel Winners, BOJ's Next Move
US Open – ZH
Futures
Tumble As 10Y Yield Hits Fresh 7-Year High, Italian Rout Hits Europe
US Open Rundown – RANsquawk
Aamukatsaus – Nordea
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