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Tuesday, August 22

22nd Aug - Green day on US tax rumors





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UNITED STATES
The Next Fed Chair Won't Really Control the Fed – BB
Trump’s team and lawmakers making strides on tax reform plan – Politico


OTHER
Small Caps Don't Worry You? Check Your Pulse – BB
The Unintended Consequences of Quantitative Easing – BB
Growth and Inflation Ahead of Jackson Hole – Marc Chandler
At Jackson Hole, will Janet Yellen contradict… Janet Yellen? – FT
No weakness here – Kevin Muir


REGULARS
Morning Report APACTF
Asian shares edged higher on Tuesday even if tension between the US and North Korea appeared to be escalating. On the investment front there were modest gains on Wall Street awaiting the annual central banking conference in Jackson Hole later this week.

FirstFT Daily Briefing FT
Trump’s Afghanistan plan, Cambridge quashes censorship, Iceland’s tourism pain

WSJ CityWSJ
BHP Billiton Eyes Shale Sale After Investor Pressure, Are Long-Term Investors the Market’s True Gamblers?

Danske DailyDanske Bank

Eye-OpenerNordea
Still waiting for Jackson Hole * Risk appetite still turning a little less sour * EUR/USD above 1.18, quiet trading in rates space

Morning MarketsTF
Equities had a broadly positive day across Asia. Corporate earnings were the key factor behind gains on Hong Kong's Hang Seng while both earnings and commodity prices helped lift Australia's S&P/ASX200. Meanwhile data reliability is in the spotlight in China after Liaoning province posted a 20% drop in GDP following a call from President Xi to report proper figures.

From the FloorTF
Commodities are in a bit of a wait-and-see mode, with oil struggling to gain momentum in either direction and gold capped by resistance at $1,295-1,300. Meanwhile, financial markets are settling down for the Fed's annual Jackson Hole policy symposium on August 24-26.

Daily Market Comment Marc Chandler
Turn Around Tuesday Sees Firmer Dollar, Rates, and Equities

Brussels PlaybookPolitico
UK’s big Brexit push continues — Spanish unity in face of terror (for now)

US PlaybookPolitico

Five Things You Need to Know to Start Your DayBB

10 things you need to know before the opening bell BI

US OpenZH
Stocks Rebound As Europe Ends 3-Day Losing Streak; VIX, Gold, Bonds Slide

FrontrunningZH

FX UpdateTF
Markets started the week with a lacklustre trading session though stabilising risk appetite have allowed a recovery in the JPY crosses: The euro is also back on the bid likely in anticipation of ECB president Draghi's speech at the US Fed's Jackson Hole symposium.
 

FINNISH
AamukatsausNordea
Öljyn hinta korjasi perjantaista nousuaan | Valuuttamarkkinat odottavat Jackson Holea | Saksan rahoitusmarkkinoiden luottamus testissä