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Thursday, August 24

24th Aug - Jackson Hole key speeches on Friday





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EUROPE
Soon Draghi’s successor will emerge – Germany’s turn?BB


UNITED STATES
Trump Shutdown Threat Complicates Congress’s Debt Ceiling PlansBB
Market Odds Of Government Shutdown SurgeZH


OTHER
Demographics determine interest rates Nordea
The Market Is Behaving Much Like It Did in the Past BB


REGULARS
Morning Report APACTF
Uncertainty stemming from fiscal worries in the US is affecting world markets and weighing on sentiment in Asian markets. Meanwhile central bankers will be in the spotlight after the Fed kicks off its three-day Jackson Hole summit today.

FirstFT Daily Briefing FT
Macron’s EU challenge, Dutch foil possible attack, diamond rain

WSJ CityWSJ
World Economies Grow in Sync, Brexit Weighs on U.K. Farmland, Gulf Privatization Rush

Danske DailyDanske Bank

Eye-OpenerNordea
Jackson Hole starts, Trump threatens with shutdown * Yields fell yesterday, markets waiting for Draghi tomorrow * White comments pushed USD lower

Morning Markets TF
Asia Pacific stocks were mixed on Thursday after Wall Street’s dip following US president Donald Trump’s warning of a possible government shutdown. Many investors remained sidelined in the countdown to the Fed's August 24-26 Jackson Hole conference.

From the FloorTF
As Brexit talks progress, it is becoming increasingly clear that Brussels calls the shots, with GBP cratering as a result. Meanwhile, oil and gas traders are keeping one eye on the Libyan civil war and another on a tropical storm that has the potential to cripple US refining capacity when it makes landfall later this week.

Daily Market Comment Marc Chandler
Greenback Firmer in Becalmed Markets

Brussels PlaybookPolitico
Timmermans denounces nationalists — Vestager probes Bayer-Monsanto — UK hints at ECJ climbdown

US PlaybookPolitico

Five Things You Need to Know to Start Your DayBB

10 things you need to know before the opening bellBI

US OpenZH
Global Markets Rise As Shutdown Fears Recede; All Eyes On Wyoming As Jackson Hole Begins

FrontrunningZH

FX UpdateTF
As we head into the Jackson Hole weekend a number of major currency pairs can’t avoid making a technically significant move – whether linked to the reaction to Draghi and Yellen’s rhetoric or to risk appetite standing or falling.


FINNISH
AamukatsausNordea
Euroalueelta vahvat ostopäällikköindeksit elokuulta | Jackson Hole -konferenssi alkaa tänään | Euro vahvistui päävaluuttoja vastaan

Orpo: Suomen kannattaa tukea Saksan aloitetta Euroopan valuuttarahaston perustamisestaHS