EUROPE
European integration and
populism: Addressing Dahrendorf's quandary – vox
Some Europeans want to
use the U.S. President as a political excuse – WSJ
Brexit to Hit Jobs,
Wealth and Output for Years to Come, Economists Say – BB
Annual inflation up to
1.8% in the euro area – EC
ECB unimpressed by the
rise in inflation – for now – Deutsche
Bank
ECB Can Renew Free Loans
to Banks If Needed, Council Member Says – BB
GERMANY
February Ifo Business
Climate Index Rises – CESifo
German Two-Year Yields
Fall to Record as Haven Demand Persists – BB
Syrian migrants are not
always entitled to refugee status, says German court – DW
FRANCE
Mark Gilbert: Markets
Are Right to Take a Len Pen Presidency Seriously – BB
French Bonds, Euro Spike
Bayrou Endorses Macron, Le Pen's Chief Of Staff Detained – ZH
Is the “deep state” a
threat to Trump - or to democracy? – VOX
FEDERAL RESERVE
How the Fed Could Unwind Its Balance Sheet – BB
Thoughts about the Fed's
Balance Sheet – Marc
Chandler
The 5 Key Things To
Watch For In Today's Fed Minutes – ZH
Minute Hint Hike
"Fairly Soon", Warn Trump Policies “May Not Materialize" – ZH
Minutes: "Might be
appropriate to raise the rate again fairly soon" – Bill
McBride
OTHER
Martin Enlund’s Global:
Le Penning the Euro –
Nordea
“Frexit”
remains a remote possibility, but French politics have been impacting both FI
& FX markets recently. We don’t see a strong case for fighting these
dynamics. At least not yet.
I forgot what we
are dealing with
– Kevin
Muir
REGULARS
Morning Report APAC
– TF
Encouraging US retail earnings and
oil prices at seven-week highs buoyed equities markets.
FirstFT – FT
ABB discovers ‘massive fraud’, life
expectancy breaks the 90 barrier and inside the $143bn flop
WSJ City – WSJ
Lloyds Profit Quadruples, Saudi
Aramco Picks Underwriters, Gina Miller on Post-Brexit Britain
Danske Daily
– Danske
Bank
Eye-Opener
– Nordea
MXN surges on hedge plan, EUR
undermined by Le Pen, FOMC minutes awaited * “Euro area” and “rate hike” in
same heading! * Banxico hedge plan sends Peso surging * France-German 10Y
spread widest since 2012
Morning Markets –
TF
The euro continues its downward
trajectory for a fifth day running following Brexit's passing unchallenged
through its first reading in the House of Lords and Marine Le Pen's widening
lead in the French presidential polls.
From the Floor
– TF
If bonds are your barometer for the
state of the global market, then the gyrations in the European market Tuesday
will have given pause for thought as the mounting concerns over the coming
French presidential election kept demand for German bunds high.
Daily Market Comment –
Marc
Chandler
Euro Meltdown Continues
Brussels Playbook
– Politico
Breitbart flops in Europe — EU
economic police reports — Mysterious Hungarian visit
Five Things You Need to Know to Start Your Day – BB
10 things you need to know before the opening bell – BI
US Open – ZH
European Rally Fizzles, S&P
Futures Turn Red As USDJPY Slides, Bunds Strongly Bid
Frontrunning
– ZH
FX Update –
TF
The recent EURUSD dip has been more
about a weak euro and less about the dollar as most euro pairs are on the
defensive and EURGBP has broken down through a big support level though an even
bigger one awaits.
FINNISH
Aamukatsaus – Nordea
Euro laskupaineessa * Ranskan vaaleihin liittyvä
epävarmuus heikentää euroa * Euroalueen ostopäällikköindeksit ylittivät
konsensusodotukset * Saksassa julkaistaan helmikuun IFO-indeksi
Markku
Jokisipilä: Fasistinen maailmanvallankumous – TS
Labor Market Integration of Refugees
in Finland – VATT
Brysselin kone:
Eteneekö EU kaksilla raiteilla – YLE
Haastateltavana oikeustieteen lisensiaatti Jacob Söderman
Tuomas
Välimäki: Demokratia ja markkinariskit – Suomen
Pankki