29th Mar - Quiet #4056

EUROPE

Parliament Rejects Brexit Deal, Presenting Stark Choice for May – BB

Deal with EU rejected by 58 votes in third defeat for May * May faced with choice of no-deal Brexit or seeking long delay

Ferdinando Giugliano: There Is an Alternative for Deutsche Bank – BB

Rather than creating a financially fragile mega-bank, it would be better to let the lender shrink or be taken over. This is a defining test for ECB supervisors.

Now German Yield Curve Is Flattening to a Post-Crisis Low – BB

Yield gap between 10-year and 3-month notes halves this year * But with 90-day rate well below zero, inversion looks unlikely

Marcus Ashworth: The ECB's Power Struggle Will All End in Tiers – BB

There’s an arcane battle going on over the future direction of the central bank's monetary policy. So-called “tiering” of deposit rates would solve little.

Deconstructing the weakness in European inflation – ABN AMRO

Combination of cyclical weakness and slack weighing on inflation * Bank lending to the corporate sector is weakening

Leonid Bershidsky: Europe Needs to Do More Than Ban Plastic Forks – BB

A new law outlaws some disposable products, but doesn’t curb the EU’s huge exports of waste.

Leonid Bershidsky

OTHER

A Self-Described Uber-Bear Takes a Victory Lap – BB

Albert Edwards of Societe Generale points out that he has been right to be underweight stocks since 1996.

The Day the Dinosaurs Died – New Yorker

A young paleontologist may have discovered a record of the most significant event in the history of life on Earth.

REGULARS

Five Things to Start Your Day Asia – BB

Eco Day Asia – BB

Fed Downplays Recession Fears, Trade Talks for Months? * Economists are actually terrible at predicting U.S. recessions * As another man takes the throne, Japan’s women live in hope

Five Things to Start Your Day Europe – BB

EU Open Rundown – RANsquawk

FirstFT Daily Briefing – FT

Brussels Briefing – FT

Brussels unfriends Facebook - Social media giant fights off accusations that it helps foreign actors meddle in elections

Brussels Edition – BB

Brussels Playbook – Politico

(Not) Brexit Day — Oettinger interview — Did Vestager kill Renzi?

Danske Daily – Danske Bank

US-China trade talks resume

Eco Day Europe – BB

ECB Considers Helping Some Banks, Beijing Talks Wrap * Economists are actually terrible at predicting U.S. recessions * China warns Japan not to block access to 5G network rollout

Daily Market Comment – Marc Chandler

Equities Bounce While Bonds Pullback to End Q1

Five Things to Start Your Day US – BB

US Open Rundown – RANsquawk

US Open – ZH

S&P Futures Jump On Renewed "Trade Talk Optimism", Set For Best Quarter Since 2009

Eco Day US – BB

Trade Talks, Optimistic Fed, Panicked Uncertainty * China, U.S. said to pore over details of text to end Trade War * Fed’s Williams plays down recession risk, Bullard sees rebound

FINNISH

Aamukatsaus – Nordea

Tänään julkaisuvuorossa ovat USA:n inflaatioluvut, Saksan inflaatio hiipui maaliskuussa | Britannian parlamentissa äänestetään tänään kolmannen kerran Mayn sopimuksesta | Ruotsin talouden kasvunäkymät ovat tänä vuonna heikot