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Tuesday, May 7

7th May - Trade war jitters #4082




EUROPE
The legacy of the ECB's bond buying program – FT

Where now for the rules that rocked European finance? – FT
More than a year on from implementation, calls to amend Mifid II are growing louder

Italy budget deficit forecast to smash EU fiscal rules – FT
Increased risk of fresh clash with Brussels over Rome’s spending commitments

UNITED STATES
Steve Bannon: We’re in an economic war with China. It’s futile to compromise – WaPo

 
OTHER
  TRADE WAR
Trade War’ In May & Go Away
– Lance Roberts
 
Market Turmoil Continues After Liu Confirms Washington Visit; Beijing "Prepared For Talks Breakdown" – ZH

A Trade Deal With China Wouldn’t Change Much – BB
Any agreement would be difficult to interpret and enforce, leaving tensions at about where they are now.

Trump’s tough talk on trade unsettles the market – FT
Analysts say trade-related jitters could linger, even if US and China strike a deal

US accuses China of ‘reneging’ on trade promises – FT
Beijing dismisses Trump’s tariff threats and will send negotiators to Washington this week


REGULARS
Five Things to Start Your Day Asia – BB

Eco Day Asia – BB
Tariff Hike On, Fed Cut Prospect, Aussie's RBA Wobbles * New Zealand poised to cut as easing bias sweeps Southeast Asia * India’s tax revenue soars as Pakistan closes in on IMF bailout

Five Things to Start Your Day Europe – BB

EU Open Rundown – RANsquawk

FirstFT Daily Briefing – FT

Brussels Briefing – FT
Bad numbers: The European Commission is poised to revise down growth forecasts for the euro area and wider EU

Brussels Edition – BB

Brussels Playbook – Politico
Welcome to Erdoğantown — German parable — Virtual hotel

Danske Daily – Danske Bank
China confirms trade talks in Washington this week

Eco Day Europe – BB
ECB's New Favorite, RBA on Hold, Nigeria's Challenge * Economists, markets were almost evenly split on RBA decision * Trump administration accuses China of backpedaling over trade

Daily Market Comment – Marc Chandler
Markets Steady as China Pushes Forward

Five Things to Start Your Day US – BB

US Open Rundown – RANsquawk

US Open – ZH
Futures Resume Slide As Traders Brace For Trade War Impact

Eco Day US – BB
U.S.-China Trade War, Mexico Border Delays, Trump Jobs * Top china trade negotiator to visit U.S. to face tariff threat * Trump country winning on job growth even as pay gap persists


FINNISH
Aamukatsaus – Nordea
Epävarmuus kauppaneuvotteluiden ympärillä liikutti markkinoita | Saksan tehdastilaukset julkaistaan tänään | Australian keskuspankki piti ohjauskorkonsa ennallaan