Mario
Draghi used bold policies to rescue the eurozone, but will his successor have
the firepower to deal with any global slowdown?
ECB
rates and TLTRO-III: the devil in the details – Pictet
The
most important element of the ECB’s package was the announcement of new
targeted longer-term refinancing operations for banks (TLTRO-III), although
their success will depend on their final modalities to be unveiled “in due
course”.
EU
regulators have a better case against Amazon, Facebook and Google than the U.S.
does, but there’s a reason they haven’t acted.
OTHER
It
has made secular stagnation worse. Fiscal alternatives look a safer bet
REGULARS
U.S.
Inflation Who Done It, Brexit Chaos, Tariff Threat * Powell’s labor market
concerns find plenty of support in data * Thai tourism industry is looking to
cash in on a same-sex law
Losing
control of Brexit: May’s move is an admission she can no longer discipline her
ranks, and partly tactical
May’s
latest crushing defeat — UK in limbo — In defense of the EU civil service
Brexit
Pain, U.S. Tariff Threat, Low Inflation All Over * U.K. already has endured
damage from debate around exiting EU * U.S. clings to trade-war leverage as
talks with China ongoing
Daily Market
Comment
– Marc
Chandler
Five Things to
Start Your Day US
– BB
US Open Rundown – RANsquawk
US Open – ZH
Stocks
Tread Water Ahead Of No-Deal Brexit Vote; Boeing Slide Continues
Eco Day US – BB
Wonderland
Economy, Brexit Damage, Japan's Rough Start * The U.S. is borrowing a lot but
interest rates aren’t rising * Britain is facing a hit to jobs, investment and
capital
FINNISH
Britannian parlamentti hylkäsi eilen Mayn sopimuksen,
punta heikentyi | Tänään parlamentti kokoontuu äänestämään erosta ilman
sopimusta | Ruotsin ja USA:n inflaatioluvut jäivät odotuksista