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EUROPE
How Much Euro Strength Will the ECB Tolerate? – WSJ
Dovish signals from the ECB – Nordea
This Week’s Brexit Briefing – WSJ
Weak revival of German exports – Carsten
Brzeski
OTHER
China monthly: stabilisation for now – Nordea
The Chinese economy and
markets seem to enjoy a moment of calmness at the moment. Our concern is that
the stabilisation is only temporary. Growth headwinds remain strong, so the
economy will likely slide further this year. The stock and FX markets have been
helped by heavy government intervention, which is not sustainable in the long
term. In fact, the government involvement prevents market mechanism in playing
out and can hurt the financial market development.
REGULARS
Danske Daily – Danske
Bank
Euro rates update – Nordea
Eye-Opener – Nordea
Dovish ECB, Bunds below 10bp,
Equities struggling * Dovish signals from the ECB * Portugal led peripheral
sell-off * JPY continues to strengthen
Morning Markets – TF
The yen continues its surge last
night to break below 108.00 versus the USD before retracing early today.
Despite USDJPY's climb back above 108.00 however the yen's current level may
prompt the Bank of Japan to fire a warning shot or more.
Daily Market Comment –
Marc
Chandler
Yen Pares Gains, Dollar-Bloc Firms
Daily Market Comment
– Polemic’s
Pains
No Japanese Surrender
Daily Press Summary – Open
Europe
UK poll watchdog
criticises government over anti-Brexit leaflet * Number of asylum claims in
Germany sinks to 20,000 in March * Germany’s populist AfD on highest-ever
national showing of 14% * Three-way meeting fails to break deadlock in Spanish
government talks * European Commission considering plans to impose visa
requirements on American and Canadians travelling to EU states * ECB Minutes
show deep divisions over stimulus measures
Brussels Playbook – Politico
Cameron crunch — Dutch
drama — Macron’s march
US Open – ZH
Stocks To Reopen In The Green For
2016 After Crude, USDJPY Rebound
Frontrunning – ZH
The pressure from the
JPY eased overnight but it’s too early to sound the all-clear. Elsewhere the US
dollar has tried to stage a broader recovery but needs to push through the next
levels for the bulls to take note.
The Japanese government
is not happy with the recent moves in JPY and is ready to fight the
strenghtening of its currency. In oil the contango is collapsing but this does
not only have positive effects.
FINLAND & FINNISH
Ei
kysynnän kasvua euroalueelta * Suomen tavaraviennin lasku jatkui helmikuussa *
EKP:n johtokunta oli yksimielinen elvytystoimien tarpeesta * Kiinan
valuuttavarannon arvo kääntyi nousuun
Euroopan talous- ja
rahaliiton tulevaisuus – Suomen
Perusta
Heikki
Koskenkylä kokoaa Suomen Perusta -ajatuspajan raportissa Euroopan talous- ja
rahaliiton tulevaisuus – onko euro pelastettavissa? EMU:n kehittämisehdotusten
arviointia ja Suomen linja yhteen oleellisimmat euron kehittämistä käsittelevät
näkemykset
Koskenkylä: Suomen ero
eurosta harkintaan – KL
Suomen
ero eurosta on realistinen vaihtoehto, uskoo valtiotieteen tohtori Heikki
Koskenkylä.