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Friday, March 31

31st Mar - Data worsening





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EUROPE
German Unemployment Slides to Record Low as Economy Booms – BB


  EUROPEAN CENTRAL BANK
Draghi's German Problem May Fizzle as ECB Sticks to Its Plan – BB
Euro-Area Inflation Slows More Than Predicted on Oil and Food – BB
Surprisingly low inflation confirm weak price pressures – Nordea
Drop in euro area inflation amplified by statistical distortions – Pictet

  UNITED KINGDOM
Germany's Schaeuble says EU to take tough stance in Brexit talks – Reuters
EU Says U.K. Only Gets Trade Talks After Progress on Brexit Bill – BB
U.K. House Prices Fall for First Time in Almost Two Years – BB


UNITED STATES
Republican disarray deepens as Trump attacks rebel conservatives – Reuters
U.S. Personal Spending Cools – BB
Consumer spending slows, but inflation is rising – Reuters
UMich Confidence Measure Disappoints, Partisan Divide – ZH
Consumer Sentiment in U.S. Rises on Views of Current Finances – BB


OTHER
China March factory activity grows fastest in nearly five years on building boom – Reuters
China PMI points to continued strength in March – Danske Bank


REGULARS
Morning Report APAC TF
Asian markets opened mostly higher as investors digested a mixed set of economic data. Japan's core CPI rose 0.2% in February year-on-year while household spending fell 3.8%. China's manufacturing sector expanded at the fastest pace in five years.

FirstFT FT
The Great Repeal Bill, S Korea’s Park arrested; deportation. The British government begins process that will take the UK out of the EU

WSJ CityWSJ
Brexit Wishes Clash With Reality, Airlines Face Turbulence, Flynn Offers to Testify on Russia

Danske DailyDanske Bank

Eye-OpenerNordea
Has Euro-area inflation already peaked? * South Africa's President Zuma fired Finance Minister Gordhan * German yields at three week low * EUR weakens on lower-than-expected inflation figures

Morning MarketsTF
South African president Jacob Zuma has fired finance minister Pravin Gordhan despite significant opposition from his own party with the ZAR crumbling versus USD as a result.

From the FloorTF
Oil's rally is beginning to show signs of losing momentum as we close out the week ahead of tonight's US rigs report, but the change in sentiment has left market shorts feeling 'the pain'. Elsewhere, the global equities rally continues, but doubts remain.

Brussels PlaybookPolitico
EU27’s Brexit day — UK charm defensive — Nord Stream troubles

Five Things You Need to Know to Start Your DayBB

10 things you need to know before the opening bell BI

US OpenZH
S&P Futures, Global Stocks Fall In End To Best US Quarter Since 2015

FrontrunningZH


FINNISH
AamukatsausNordea

Brexit on alkanut, minne EU suuntaaNordea