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Friday, February 24

24th Feb - Bear Friday





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EUROPE
Maastricht's Flaws Still Plague Europe, 25 Years LaterBB
Editorial: How Europe Can Defend Itself – BB
Trump's Playbook Backfires in the Netherlands – BB

Schulz’s SPD ahead of Merkel’s CDU in third poll – Politico
German 2Y Yield To Record -0.95%: Citi Explains Why It Will Keep Dropping – ZH
German Yields Sink on Le Pen, ECB – WSJ


UNITED STATES
Consumer Confidence: Democrats Expect Recession, Republicans Growth – ZH
Who's Right? Bonds (& VIX & Hard Data) Or Stocks – ZH


REGULARS
Morning Report APACTF
It's a mixed outlook for metals with the precious metal gold gaining ground and copper leading a slump in base metals. Meanwhile the sliding greenback has given many other currenices a lift. And crude has rebounded.

WSJ City WSJ
RBS Net Loss Triples, Standard Life Lifts Dividend, Europe’s Strange Disconnect

Danske DailyDanske Bank

Eye-OpenerNordea
Mnuchin dampens expectations ahead of Trump, oil prices lower * Norges Bank to lift growth forecast * “No. 1 priority” to pass US tax reforms * France’s Macron unveiled economic plan

Morning MarketsTF
US markets today might react to news from Trump on his taxation plan and on how he sees the world. Most Asian equity markets retreated today as investors turned cautious following recent rises. Falls for base metals were also in play particularly in Australia where miners weighed on the S&P/ASX200.

From the FloorTF
The US dollar fell and the British pound gained after US treasury secretary Steven Mnuchin said the Trump administration's policy steps are likely to have a limited impact this year and that he wanted to see tax reform passed before Congress' August recess, while markets had expected something quicker.

Daily Market Comment Marc Chandler
Anxiety?  What Anxiety?

Brussels Playbook Politico
EU’s Brexit talks home advantage — Juncker endorses multi-speed Europe

10 things you need to know before the opening bellBI

US Open ZH
Dow Streak Of Record Highs In Danger As S&P Slides; Gold Surges

FrontrunningZH

FX Update TF
The dollar eased lower yesterday after an interview with US Treasury secretary Mnuchin lowered expectations for Trump’s major policy speech next Tuesday.


FINNISH
AamukatsausNordea
Ranskan koroissa hetkellinen lasku * Ruotsissa julkaistaan helmikuun talousluottamusluvut *  Öljyn hinta nousi Yhdysvaltain öljyinventaarien pienennyttyä odotetusta