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Thursday, May 2

2nd May - Quiet #4078


EUROPE
How the dream of creating a German banking champion died – FT
Commerzbank’s signature drink ‘Apfelsecco’ remained in the fridge as Deutsche Bank’s CEO ended talks over breakfast


OTHER
Dalio Says Something Like MMT Is Coming, Whether We Like It Or Not – BB
Billionaire sees low-rates world with fiscal policy dominant * Already happening, he says, and more radical steps will follow

May Monthly – Marc Chandler

China Leading Indicators – Danske Bank
Moderate recovery still on track

China View: Old habits die hard – Nordea
The Chinese economy is adapting to the new normal. But whenever a downturn hits, the authorities turn back to the old stimulus tools, mainly debt-funded infrastructure investments, to stabilise growth. That creates large medium-term risks.


REGULARS
Five Things to Start Your Day Asia – BB

Eco Day Asia – BB
Powell Pushes Back, Poloz Still Talking Tough, RBA Live * California Berkeley’s Emi Nakamura wins young economist award * In Crocodile Dundee country, Australia hunts for gas El Dorado

Five Things to Start Your Day Europe – BB

EU Open Rundown – RANsquawk

FirstFT Daily Briefing – FT

Brussels Briefing – FT
Balkan dreams: Member states will have to decide whether to approve accession talks with applicants

Brussels Edition – BB

Brussels Playbook – Politico
Race for London — Juncker’s magic gas — EU chess mates

Danske Daily – Danske Bank

Eco Day Europe – BB
BOE Decision Day, Fed Gifts Breathing Room, PMIs Soft * U.K., Czech Republic decide on monetary policy Thursday * U.S., China and economies across Asia see cooler production

Daily Market Comment – Marc Chandler
Dollar Consolidates Fed-Inspired Recovery

Five Things to Start Your Day US – BB

US Open Rundown – RANsquawk

Eco Day US – BB
Fed Gifts Breathing Room, BOE Hints on Slow Hikes * Czechs raise rates as weak koruna emboldens Europe’s top hawks * Euro-area factory slump eases as Italy exceeds estimates
  

FINNISH
Aamukatsaus – Nordea
Fed ei muuttanut korkojaan, inflaatio huomion keskipisteessä | USA:n ISM-indeksi selkeä pettymys | Ison-Britannian keskuspankki on kokousvuorossa tänään