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Wednesday, March 8

8th Mar - Light bear as oil breaks




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EUROPE
How the Euro Could Break Up—or Be Saved – BB
Le Pen and euro redenomination risk, charted – FT
ECB: What to expect – Nordea 
What you need to know before this week’s European Council – Politico
Dutch Election: Where Rubber Meets the Road – Marc Chandler


UNITED STATES
ADP Says Companies in U.S. Added 298,000 Employees in February – BB
ADP Reports Sharply Stronger US Jobs Growth In February – James Picerno 
January’s Wage Mystery Could Be Solved in Friday’s Jobs Report – WSJ
February Employment Preview – Bill McBride


OTHER
Mohamed El-Erian: Prepare for Market Beliefs to Be Challenged – BB
A clinical test of the 5 most popular Smart Beta factors FT


REGULARS 
Morning Report APACTF
Asian markets opened lower on geopolitical concerns in the region. Meanwhile the US president reaffirmed his support for Japan and South Korea where the first parts of a US anti-missile system have arrived.

FirstFTFT
SoftBank sells Arm stake, CIA hacks and Pope Francis

WSJ CityWSJ
Bracing for the Budget, Legal & General Lifts Dividend, Foxtons Profit Slumps

Danske DailyDanske Bank

Eye-OpenerNordea
Central banks pushing short end lower, waiting for ECB * Norwegian growth picking up * ECB and SNB pushes front end lower * The EUR softens ahead of ECB

Morning MarketsTF
Asian shares trimmed losses on Wednesday after China posted its first trade deficit in three years as China's imports surged in February. Japan's Nikkei ended down about 0.5% while the Shanghai Composite closed flat.

From the FloorTF
While leading indicators in Europe and the US are still turning higher, many key equity indices are under pressure. EM are still doing quite well. For markets, the March 15 FOMC meeting remains the next big event.

Daily Market CommentMarc Chandler
Dollar Bid as Rates Firm

Brussels PlaybookPolitico

Five Things You Need to Know to Start Your DayBB

10 things you need to know before the opening bellBI

US OpenZH
Stocks Mixed As Treasuries Suffer Longest Losing Streak Since 2012, Dollar Pops Ahead Of ADP

Frontrunning ZH

FX UpdateTF
Trading ranges are uninspiring as the FX market is at a loss for themes and doesn’t anticipated that US data or a Fed rate hike next week will move the needle. Still some expectations have been built into Thursday's European Central Bank meeting which should mean some volatility during and after ECB president Mario Draghi’s press conference.


FINNISH
AamukatsausNordea
USA:n työllisyysdatasta tukea maaliskuun koronnostolle? * Julkaisimme maaliskuun korko- ja valuuttaennusteet * Kiinan valuuttavarannot nousivat yllättäen * Saksan tehdastilaukset laskivat jyrkästi