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Wednesday, March 29

29th Mar - UK triggers Brexit talks





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EUROPE
France: Macron or Le Pen and other Q&As – Nordea
Spooked by yield rise, ECB wary of changing message again: sources – Reuters
EURUSD, Bond Yields Tumble After ECB Walks Back Policy Shift – ZH

  UNITED KINGDOM
British PM May to fire starting gun on Brexit – Reuters
Britain Heads Into the Unknown as May Signs Brexit Letter – BB
Brexit Bulletin: No Turning Back – BB
Brexit negotiations set to start today - what now? – Danske Bank
Theresa May triggers Article 50 – what next? – Open Europe
Clive Crook: Brexit Doesn't Have to Be a Disaster – BB
Editorial: Make Brexit About Mending, Not Destroying – BB
The Upcoming Brexit Fight Over Money Explained – WSJ


UNITED STATES
A ‘stunning’ shift in the US economy since Trump’s electionBI
Government Shutdown Odds Rise To 40% According To Deutsche Bank – ZH
Tax Reform? No. Tax Cuts? Probably. Maybe. – BB
  

REGULARS
Morning Report APACTF
Asian markets were mostly higher at the start of trading fuelled by US consumer confidence data that led to US equities snapping an eight-day losing streak. Meanwhile markets await the formal Brexit trigger today.

FirstFTFT
UK preps for Brexit, Tencent and Tesla, Japan’s H car

WSJ CityWSJ
May Signs Article 50 Letter, Consumers Confident, Standard Life to Sell Hong Kong Arm

Danske DailyDanske Bank

Eye-OpenerNordea
Finally pulling the Brexit trigger * Rates rise on better risk sentiment * USD catches a breath as data still supports

Morning MarketsTF
The British prime minister has sent a hand-signed letter to European Union officials that will set the Brexit process in motion by this afternoon. Cable has cratered from its Monday highs north of 1.26 and remains volatile due to both a Brexit-burdened pound and a resurgent USD.

From the FloorTF
It's the end of nine months of phoney war today as the UK triggers Article 50 and sets in motion the two-year negotiation process that will culminate in divorce from the EU. GBP bulls are already scarpering sending GBPUSD down some 200 pips.

Brussels PlaybookPolitico
Brexit Day — Penelope Fillon charged over payments scandal

Five Things You Need to Know to Start Your DayBB

10 things you need to know before the opening bellBI

US OpenZH
Global Stocks, S&P Futures Little Changed On Brexit Day

FrontrunningZH

FX Update TF
EURUSD went over the edge of key resistance in the 1.0850 area yesterday but was corralled by the 200-day moving average and on a big turn in market sentiment. This keeps the suspense high for beleaguered USD bulls.


FINNISH
AamukatsausNordea
May laittaa eropaperit vetämään * Julkaisimme uusimman Economic Outlookin * USA:n korot nousivat Fedin johtokunnan varapuheenjohtaja Fischerin kommenttien seurauksena * Theresa Mayn odotetaan käynnistävän artiklan 50 mukainen EU-eroprosessi

Konsensuksen kanssa eri mieltä oleminen on ainoa tie tuottoihinSijoitustieto