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Wednesday, May 17

17th May - USD, stocks fall on Trump worries





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EUROPE
Editorial: Budget Advice for the EU's Big ThreeBB
Germany, France and Italy face different challenges. Here’s how to get fiscal policy right.


UNITED STATES 
U.S. Stocks Slump, Bonds Rally Amid Trump Turmoil: Markets Wrap BB


OTHER
Gary Shilling: 6 Long-Term Economic and Investment ThemesBB
With Trump’s agenda mostly stalled, pay attention to stimulus plans, globalization and the aging of the population.

6 Charts Showing How Trump Is Upending MarketsWSJ


REGULARS
Morning Report APACTF
Worries about White House turmoil have given gold a boost. Meanwhile equities are heading lower in Asian markets today.

FirstFT FT
Trump furore, hedge fund woes, robot insurers * Claim that president asked FBI director to halt Russia probe

WSJ CityWSJ
Trump Furore Puts Agenda at Risk, Lloyds Back in Private Hands

Danske DailyDanske Bank

Eye-OpenerNordea
Trumpbulence, Dollar dented, Austrian election announced * The Riksbank seeks to scrap its CPI target * Dollar declining on Trumpbulence * Austrian election announced

Morning MarketsTF
A build in oil inventories sent crude futures lower following Tuesday's API report which has combined with White House turmoil to send risk sentiment into the negative as crude and JPY make gains.

From the FloorTF
The latest chapter in the seemingly inexhaustible Trump/Russia story has USD on the back foot as precious metals make gains on the decline in risk sentiment.

Daily Market CommentMarc Chandler
Drama In Washington Adds To Dollar Woes

Brussels PlaybookPolitico

Five Things You Need to Know to Start Your DayBB

10 things you need to know before the opening bellBI

US OpenZH
Trumpquake: Futures Wipe Out Month's Gains In One Session, VIX Spikes

FrontrunningZH

FX UpdateTF
A story broke overnight that US president Trump tried to interfere with the FBI’s inquiry staffer setting off a fresh round of USD weakness on the derailed Trump trade.|
In the short-term however the USD weakness may be getting overdone at least so far as this brand of story goes.


FINNISH
AamukatsausNordea
Inflaatiosta tulossa briteille ongelma * Dollari laskussa Trumpin myötä * Suomen kasvu odotuksia nopeampaa * Tänään julkaistaan Ison-Britannian työllisyysraportti

Talouden nousu ei erityisen hätkähdyttäväRoger Wessman