30th May - Quiet #4102

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EUROPE

Economists bolster Salvini in dispute over Rome’s spending – FT

Debate on output gap will determine Italy’s scope for growth

Italian Banks Are At It Again, Shares Re-Crushed – Wolf Street

What to do with those messy banks ignites further tensions.

Italian Yields Jump As Salvini Threatens To Crash Government – ZH

U.S.-EU Talks Struggle, Threatening a New Front in Trade War – BB

EU elections fragment European parties, complicating course * After 10 months, talks do little more than avoid auto tariffs

Trump Risks New Front In Trade War As Talks With Europe Falter – ZH

ECB Research: Walking a tightrope – Danske Bank

At the coming ECB meeting we expect a continuation of the recent 'delayed, not derailed' communication entailing a continued easing bias and downside growth risk assessment and no change in forward guidance.

ECB Seen Offering Generous Loans to Banks to Boost Feeble Growth – BB

Trade tensions and a cyclical slowdown could warrant stimulus * Officials won’t soften impact of sub-zero rates, survey shows

OTHER

How ancient inscriptions can help investors beat the market – Lipper Alpha

Adair Turner: The Case for Carbon Tariffs – Project Syndicate

By backing tariffs that would reflect the carbon intensity of key imports, more than 3,500 US economists have broken with the free-market orthodoxy that national environmental policies should not impede global trade liberalization. They were right to do so.

  US-CHINA TRADE WAR

Beyond the China-U.S. Trade War – Ray Dalio

Dalio: Risky Time As US-China Conflict Is Much More Than A Trade War – ZH

Dalio Sees a ‘Risky Time’ Ahead in U.S.-China Trade Conflict – BB

We All Need to Calm Down About Rare Earths – BB

Worries about China’s monopoly over this suite of elements flare up every now and again. The truth is it’s a paper tiger.

Tyler Cowen: The Trade War’s Biggest Losers – BB

Smaller countries caught in the middle are being forced to choose sides.

Daniel Moss: Stop Blaming the Trade War for Everything – BB

The catch-all excuse for the global economy’s ills has merely amplified or accelerated existing trends.

China Accuses US Of "Naked Economic Terrorism," Will "Fight Until The End" – ZH

Trump to Use U.K. Visit to Push for Huawei Ban – BB

REGULARS

Five Things to Start Your Day Asia – BB

Mueller Case Closed? * U.S. Fighter Jets in Trade-War Firing Line * Risk Rises * Israel’s Coalition Collapse * Huawei Loses a Key Customer

Eco Day Asia – BB

Dalio Sees Risky Times, China Below 6%, U.S. Warns EU * Global inventory’s surge could mask recession risk: Templeton * Turks turn to YouTube on economy, currency as media neutered

Five Things to Start Your Day Europe – BB

EU Open Rundown – RANsquawk

FirstFT Daily Briefing – FT

  

Brussels Playbook – Politico

Voters vs. Spanish law — Barnier’s job application — Big ship, small man

Danske Daily – Danske Bank

US curve flattens again and the recession fear is once again out of the bottle

Eco Day Europe – BB

ECB Loan Terms, U.S.-EU Talks Stumble, Japan’s Tax Hike * EU elections fragment European parties, complicating talks * ECB officials won’t soften impact of sub-zero rates, survey

Daily Market Comment – Marc Chandler

Kill Bull: Intermission

Five Things to Start Your Day US – BB

US Open Rundown – RANsquawk

US Open – ZH

Stocks Rebound Even As Traders Brace For "Long-Term Trade War"

Eco Day US – BB

Fed’s Dual Mandate, Microscope on Economic Reports, ECB * Fed hopeful Shelton questions value of central bank’s remit * GDP, jobs data to add color on whether U.S. recession imminent

FINNISH

Aamukatsaus – Nordea

Suomen ensimmäisen neljänneksen kasvuluvut olivat pettymys, myös Ruotsin BKT-luvut julkaistaan tänään | USA:ssa ja euroalueella kuluttajien luottamus oli nousussa toukokuussa | Kauppasotauhitteluun jälleen lisää kierroksia