EUROPE
Macron-Style
Capitalism Is Taking Over in Europe – BB
Even
the Dutch are getting into state intervention with the purchase of an Air
France-KLM stake. It’s understandable, but bad news for investors.
Italy's Populist
Insurgents Are Collapsing – BB
Five
Star has been humiliated in regional elections. Its coalition partners in the
League are profiting, but need to get their timing right on seizing power.
20 Years of the Euro: Winners and Losers An empirical study – CEP
Parsimonious
northerners are the euro's biggest winners – study – Reuters
CEP
study: Germany gains most from euro introduction – DW
Eurozone loan growth to businesses dropped in January – ING
Loan
growth to non-financial corporates dropped from 3.9% to just 3.3% year-on-year
on an adjusted basis. Weaker lending reflects a more subdued investment
environment as businesses are affected by downside risks and slow new orders
Eurozone economic
sentiment slightly weaker in February – ING
The
economic sentiment indicator declined marginally from 106.3 to 106.1. Although
this month’s surveys provide some encouragement, the Eurozone economy is not
out of its slow growth rut just yet
UNITED STATES
Tech Can’t Drive
the U.S. Economy Forever. What’s Next? – BB
Probably
government, led by Democrats wary of climate change and the rise of China.
OTHER
Rally in Cyclical
Stocks Could Be a False Positive – BB
Corporate
profits are telling a different economic story.
Trump’s China
Trade “Win” Will Cost the U.S. – BB
The
U.S. president looks likely to settle yet again for minor concessions in a
high-stakes negotiation, this time with long-term consequences.
Wag the Dictator – Project
Syndicate
In
recent decades, Russian and Chinese conglomerates have gained ever more global
economic influence, making them powerful foreign-policy tools for their
respective governments. But now Russian President Vladimir Putin and Chinese
President Xi Jinping are learning that they are the tools.
REGULARS
Five Things to
Start Your Day Asia
– BB
Eco Day Asia – BB
Patient
Powell, China Pickup Signs, BOE Readies Buffers * Japan may need more QE if yen
jumps, ex-BOJ board member says * Trump lands in Hanoi for summit with Kim as
ambitions run low
Five Things to
Start Your Day Europe
– BB
EU Open Rundown – RANsquawk
FirstFT Daily Briefing
–
FT
Brussels Briefing – FT
A
fresh Franco-Dutch flare up over the fate of Air France-KLM: Netherlands builds
stake in French-dominated airline to ‘protect’ national interests
Brussels Edition – BB
Italy
and Greece will dominate the conversation in Brussels today as the European
Commission publishes a set of reports detailing the bloc’s economic challenges.
Brussels Playbook – Politico
Who’s
on the Commission’s naughty list? — Peek behind Council’s veil — Brexit
gymnastics
Danske Daily – Danske
Bank
Eco Day Europe – BB
Summit
Deals, Healing Chinese Economy, Inflation Woes * Business, trade pacts being
signed on sidelines of Trump-Kim * Recovery signs in China, Goldman sees global
economy’s bottom
Daily Market
Comment –
Marc
Chandler
Dollar
Trades Heavily, While Prospects of a Softer and Later Brexit Send Sterling
Higher
Five Things to
Start Your Day US
– BB
US Open Rundown – RANsquawk
US Open – ZH
Stocks
Slide On India-Pakistan Hostilities As Traders Brace For Day Of Fireworks
Eco Day US – BB
Powell
Testimony, U.S. Job Participation, Italy Warning * Italy’s debt pile makes it a
risk for Europe, EU warns * U.S. jobs market has some upside as disabled
workers return
FINNISH
Aamukatsaus – Nordea
May ilmoitti eilen parlamentin tulevista äänestyksistä,
myös brexitin lykkääntyminen on mahdollista | Fedin Powell korosti kärsivällisyyttä
| Tänään tulossa kuluttajien luottamuslukuja euroalueelta, Trump ja Kim Jong-un
tapaavat Vietnamissa