EUROPE
ECB Caught in
Cross-Fire in Santander Tussle With Billionaire – BB
The
ECB could become collateral damage in a battle over an almost-insolvent
retailer.
Measuring euro
area monetary policy
– ECB
Marcus Ashworth: Italy
Is the Canary in Europe’s Coalmine – BB
Rome’s
problems are self-inflicted but Europe’s central bank should still offer a
hand. Not to do so might mean turning a slowdown into something worse.
OTHER
Trade tensions
accelerate move of China’s factories – ING
China's
move up the value chain is re-shaping global trade as we know it and the trade
war with the US is speeding up the process
China growth moderates
in April
– Pictet
Latest
hard data indicate that China’s growth momentum moderated in April, after a
strong Q1.
US-China trade
update –
Pictet
Trade
tensions between the US and China have risen sharply but we believe the
situation would need to escalate much further before China resorts to the
extreme weapons of currency devaluation and/or selling down its US Treasuries.
The fundamental reason for this argument is that such strategies do not serve
China’s own interests.
REGULARS
Five Things to
Start Your Day Asia
– BB
Eco Day Asia – BB
China's
Worst Case, Fed Is Too Tight, Forever Trade War * Australia is on shakier
economic ground than election portrays * Southeast Asia nations chase high
expectations for their bloc
Five Things to
Start Your Day Europe
– BB
EU Open Rundown – RANsquawk
FirstFT Daily
Briefing –
FT
Brussels Briefing – FT
Martin
Helme of Estonia’s nationalist EKRE party will join EU finance officials in
Brussels
Brussels Edition – BB
Brussels Playbook – Politico
Dutch
eye UK’s finance crown — Power of ‘you’ — Merkel dreams
Danske Daily – Danske
Bank
Eco Day Europe – BB
ECB
Drags Its Feet, China’s Worst Case, Russia Stalls * Di Maio says Italy wants to
rein in debt load from spiraling * Australia is on shakier economic ground than
elections portray
Daily Market
Comment
– Marc
Chandler
China
Questions US Sincerity
Five Things to
Start Your Day US
– BB
US Open Rundown – RANsquawk
US Open – ZH
Global
Markets, Yuan Tumble As China Crushes Trade Hopes
Eco Day US – BB
Trade
War Threat, What Low Inflation?, Weidmann Warning * World economic rebound
imperiled by escalating trade war * U.S. pays up on tariff-hit goods even as
inflation stays low
FINNISH
Aamukatsaus – Nordea
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