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Wednesday, August 30

30th Aug - Good data vs Korean crisis





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EUROPE
Europe Has Recovered Enough to Ease Off the Quantitative Easing – BB
Euro zone sentiment jumps more than expected in August – Reuters
Euro-Area Economic Confidence Jumps to Decade-High – BB


UNITED STATES
Yellen at Jackson Hole – John Cochrane
U.S. second-quarter GDP revised up, fastest in over two years – Reuters
U.S. Second-Quarter Growth Revised to 3% in Momentum Boost – BB
U.S. private sector added most workers in five months in August: ADP – Reuters


OTHER
Bad News Is Good News Makes a Comeback – BB
I'm Winning My Battle With Smartphone Addiction – BB
The Correlation Structure of Anomaly Strategies – Quantpedia


REGULARS
Morning Report APACTF
Markets have shown signs of recovering from the effects of North Korea's provocative missile test which impacted equities forex and safe haven investments. The Nikkei 225 has rebounded in early trading. Meanwhile there is a busy calendar of data releases today.
FirstFT Daily Briefing – FT

WSJ CityWSJ
Brexit Consumer Concerns, Investors Snub the Dollar

“Best of the web” daily chartsLukas Daalder

Danske DailyDanske Bank

Eye-OpenerNordea
Early indications for tomorrow’s inflation * German flash inflation prints expected up * Yields declined on new missile launches from North Korea * EUR/USD broke 1.20

Morning MarketsTF
Asian shares rebounded today as investors put aside their anxiety about North Korea for now at least. US shares also recovered overnight but worries linger and continued to weigh on the US dollar.

From the FloorTF
Hurricane Harvey has already knocked out 25% of the US' refining capacity and is now headed east towards the refineries of Beaumont and Port Arthur, Texas. Meanwhile, a risk rebound has EURUSD looking heavy.

Daily Market Comment Marc Chandler
US Dollar Recovery Extended

Brussels PlaybookPolitico
Eurozone progress — Juncker’s State of the Union warm-up — Harder and harder Brexit

US PlaybookPolitico

Five Things You Need to Know to Start Your DayBB

10 things you need to know before the opening bellBI

US OpenZH
World Stocks Rebound, Dollar Rises As Korea Nuclear War Fears Recede

Frontrunning ZH

FX Update TF
EURUSD USDJPY and the dollar index all saw the greenback failing through important levels yesterday but the strong rejection of this extension lower was a classic bullish reversal possibly as traders eye the ECB and the approaching US debt ceiling issue.


FINNISH
AamukatsausNordea
Korean kriisi tuo vahvistumispaineita eurolle * Saksan ja Espanjan inflaatioluvut julkaistaan tänään * Trumpilta lisätietoa verouudistuksesta? * EURUSD-valuuttapari testasi 1,20-tasoa