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EUROPE
Putin
Accuses Ukraine of Terror as Crimea Tensions Escalate – BB
Russia
accuses Ukraine of attempted Crimea 'incursions' – BBC
Ukraine
crisis escalation, why are the markets still calm? – Danske
Bank
Merkel’s
Government to Tighten Security After Attacks in Germany – BB
French
Voters’ Fear of Terror Puts Hollande in a Political Bind – BB
Brexit
harm denial and the exchange rate – Simon Wren-Lewis
UNITED STATES
Strong jobs growth will
tempt the Fed to make an error – The Economist
The Fed is rethinking one thing too many – The Economist
OTHER
The Dirty Little Secret
of Finance: Asymmetric Information – View / BB
Fix monetary policy;
there are no alternatives – Scott
Sumner
Two Things I Learned
Looking for Something Else – Marc
Chandler
Monthly Commodities: Stabilisation
followed by higher prices – ABN
AMRO
Do market prices
generally reflect all available information? Or are they prone to bubbles? On
this episode of The Big Question, two members of the Chicago Booth
faculty—Nobel laureate Eugene F. Fama and Richard H. Thaler, the father of
behavioral economics—discuss how markets behave (and misbehave). Along the way
they discuss value stocks versus growth stocks, the existence of economic
bubbles, and the curious case of the CUBA Fund
REGULARS
Surging inflation in Norway, another
hit to oil prices, more policy easing * Norwegian core inflation surprisingly
high * Record-low UK bond yields following BoE mishap * NOK surged on high
inflation
Markets had obviously expected more
from the RBNZ whose 25 basis point cash rate cut send the kiwi soaring. Still
isn't the breakdown of the interest rate/currency correlation just the latest
in a long line of strange data sets from the zero-bound world?
Euro wrap-up
– Daiwa
Bunds made gains as French
industrial production data surprised on the downside * Gilts also ended the day
higher despite losing some ground later in the day as the BoE attracted plenty
of offers for its Gilt purchase operation.
Sterling Struggles to Find a Bid,
While RBNZ Can't Knock Kiwi Down
Daily Shot
– TF
The ongoing rally seen in Eurozone
bonds is depressing yields across the continent with a great deal of EU
government debt being sold at negative rates.
UK public places greatest emphasis
on high skilled migrants as priority for immigration policy *
Italy calls for “Schengen of
defence” in the wake of Brexit vote * UK house price growth hits lowest level
in three years as Bank of England survey sees capital spending and hiring
stalling * New poll: More voters still believe Britain was right to vote to
leave the EU despite anticipated economic cost * EU Migration Commissioner will
visit Ankara following repeated Turkish threats to pull out of migrant deal
with EU * Merkel insists on goal to complete EU-US FTA by end of the year * Senior
German MEPs: Countries that refuse to take part in the refugee quota scheme
should be deprived of EU funds
Selmayr’s other dream job —
Erdoğan’s fanclub — What young people want
US Futures Rebound, European Stocks
Higher As Oil Rises
At their regular morning conference
call Saxo Bank's strategy team dissects development's including a surprise rise
in US oil inventories a somewhat unsettling lower-than-expected New Zealand
interest rate cut and the state of the corn and wheat markets ahead of a key
assessment on Friday.
FINNISH
Norjan
keskuspankki pitää korkoleikkurin piilossa * Ruotsin teollisuustuotanto
supistui, mutta palvelusektori porskuttaa * Tanskan inflaatio pysyi ennallaan *
Tänään julkaistava Ruotsin inflaatio vaimenee
Hetemäki:
Hallitusohjelman säästöt eivät riitä velkaantumisen taittamiseen – Verkkouutiset