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Wednesday, May 8

8th May - Trade talk tension #4083


EUROPE
Top EU Companies Are Capturing Larger Share of Profits – BB
Top-performing firms are widening the gap with the rest of the market.

Netherlands to send a Eurosceptic contingent to the European Parliament – Open Europe


OTHER
Exclusive: China backtracked on almost all aspects of U.S. trade deal – Reuters
The diplomatic cable from Beijing arrived in Washington late on Friday night, with systematic edits to a nearly 150-page draft trade agreement that would blow up months of negotiations between the world’s two largest economies, according to three U.S. government sources and three private sector sources briefed on the talks.,

Explainer: How U.S.-China talks differ from any other trade deal – Reuters

Preview US-China talks – Danske Bank
Decision on Friday tariff increase to be crucial


REGULARS
Five Things to Start Your Day Asia – BB

Eco Day Asia – BB
Clarida's Cut Pushback, Xi's Move, Aussie Coal Addicts * Kiwi’s volatility is highest since 2016 ahead of rate decision * Putin’s broken promises stir discontent in his rural powerbase

Five Things to Start Your Day Europe – BB

EU Open Rundown – RANsquawk

FirstFT Daily Briefing – FT

Brussels Briefing – FT
Italy’s budget busters test Brussels’ resolve: Latest forecasts show Rome’s deficit ballooning to 3.5 per cent of GDP next year

Brussels Edition – BB

Brussels Playbook – Politico
Cute accents — Effective protests — Socialist point man

Danske Daily – Danske Bank
Soft German industrial production data will add to downward pressure on yields

Eco Day Europe – BB
Kiwis Cut, ECB’s Succession, China Trade, Krona Plunge * RBNZ expects inflation to remain below 2% until mid-2021 * U.S., China resume talks this week under tariff-rise threat

Daily Market Comment – Marc Chandler
Markets Trying to Stabilize

Five Things to Start Your Day US – BB

US Open Rundown – RANsquawk

US Open – ZH
Futures, Bond Yields Tumble As Traders Brace For Trade Talks Collapse

Eco Day US – BB
Trade Talks Latest, Latin American Poverty, Brazil Rate * U.S., China resume talks this week under tariff-rise threat * Draghi succession may go to wire unless EU sorts other jobs


FINNISH
Aamukatsaus – Nordea
Kauppasodan kiihtyminen vaikuttaa edelleen mahdolliselta | Saksan teollisuustuotanto ja Suomen kauppatase julkaistaan aamulla | Kiinan kauppataseen ylijäämä pieneni huhtikuussa