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Tuesday, May 21

21st May - Continuing trade tensions #4094


Politiikkaa sisarjulkaisussa Politiikkakooste

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EUROPE

US prepares sanctions on Nord Stream 2 pipeline – FT
Move to target €9.5bn project that critics say Kremlin can use as political weapon

Four big challenges for Deutsche as investors prepare to vote – FT
After collapse of Commerzbank talks, pressure intensifies on leaders to take drastic action

Merkel Was Lobbied for a Top EU Job at Romanian Summit in May – BB
German leader rejected overtures for Donald Tusk’s current job * EU leaders lobbied Merkel to consider her future in Brussels

What Salvini and Le Pen Get Wrong About Europe – BB
Brussels isn’t totally in thrall to elite interests. Its initiatives on corporate tax avoidance, tech regulation, and climate change all have the popular touch.

  EUROPEAN CENTRAL BANK
Investors' Inflation Bets May Signal Rising Concern for ECB – BB

Martin Sandbu: Draghi’s legacy is consensus on ECB’s unconventional ways – FT
The flipside is scepticism of Bundesbank’s Jens Weidmann as next president

Negative Rates, Designed as a Short-Term Jolt, Have Become an Addiction – WSJ
Europe’s central banks haven’t been able to wean the eurozone off cheap money, which distorts economies and leaves little ammunition to cushion a downturn

Deutsche Bank Makes the Wrong Kind of Enemy – BB
The ECB looks unwilling to be a bystander any longer.


OTHER
Trade Tensions Put Global Economic Growth on a ‘Subpar’ Setting – BB
OECD trims global forecast as trade tensions hit crisis level * Governments must act as central banks have limited space

A Review of IMF-Supported Lending Programs – IMF

  US-CHINA
Trump grants temporary reprieve from Huawei ban – FT
Chinese telecoms company says 3-month grace period ‘doesn’t mean much’

China Warns About ‘Unwavering Resolve’ to Fight U.S. ‘Bullying’ – BB
U.S. last week blacklisted Huawei, curbed imports of products * Beijing’s ambassador to the EU vows ’necessary response’

Xi calls for ‘new Long March’, China preparing for protracted trade war – SCMP
His comments come amid an increasingly sour mood in official Chinese media, which have become more forceful in anti-US rhetoric since trade war talks collapsed

Xi highlights China’s dominance of rare earths market – FT
Chinese leader visits magnet maker as trade war with US heats up

Rare-Earth Stocks All Soar "Limit Up" After Xi's Threat – ZH


REGULARS
Five Things to Start Your Day Asia – BB
China Hits Back * Huawei-Fueled Selloff * Ford Slashes Jobs * Australian Startup Snags Deal

Eco Day Asia – BB
Fed on Interest Rates, U.S. Jobs Market, Israel Window * Chinese ambassador to EU warns of retaliation against U.S. * Not unusual for Trump to comment on rates, says Bullard

Five Things to Start Your Day Europe – BB
China hitting back * China stocks gain * Tesla’s torment * Carney’s testimony postponed * OECD Outlook

EU Open Rundown – RANsquawk

FirstFT Daily Briefing – FT

Brussels Briefing – FT
From Russia, with love: Sebastian Kurz is at war with the Freedom party and faces threat of a no-confidence vote

Brussels Edition – BB
Hungarian Model

Brussels Playbook – Politico
Ibizagate fallout — Macron vs. Le Pen, round 3,242 — Ambition vs. reality

Danske Daily – Danske Bank
Political headlines remain in the spotlight

Eco Day Europe – BB
ECB Race Wide Open, Israel Rate Day, Australia Election * Trump vows China’s economy won’t surpass the U.S. on his watch * Theresa May’s economic legacy is dominated by Brexit fallout

Daily Market Comment – Marc Chandler
Equities Find Some Traction while the Dollar Firms

Five Things to Start Your Day US – BB

US Open Rundown – RANsquawk

US Open – ZH
Global Markets A "Sea Of Green" After Trump Temporarily Eases Huawei Restrictions

Eco Day US – BB
Trade-War Fallout, China Could Retaliate, Merkel Clash * Trade tensions put global economic growth on ‘subpar’ setting * China warns on ‘unwavering resolve’ to fight U.S. ‘bullying’


FINNISH
Aamukatsaus – Nordea
Markkinat ottivat eilen ilolla vastaan uutiset Narendra Modin johtaman liiton marssista kohti vaalivoittoa | Euroalueen luottamusluvut koetuksella? | Trump myƶnsi 3 kuukautta armonaikaa Huaweille