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Wednesday, August 9

9th Aug - 10 years from crisis & North Korea



 

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EUROPE
What European CFOs Are Saying About Threat of a Strong Euro – BB
German election: stability-led complacency – Deutsche Bank



UNITED STATES
Place Your Bets: When Will the U.S. Hit the Debt Ceiling? – BB
Goldman on the "Debt Limit" – Bill McBride

North Korea 'considering missile strike on US Guam base' – BBC
Here's Why the U.S. Hasn't Brought 'Fire and Fury' to North Korea – BB
Markets Must Consider the Unimaginable – BB

 
OTHER
  MARKETS
Bond Market Pressures Build as Summer Drags On – BB
China Is Taking On the ‘Original Sin’ of Its Mountain of Debt – BB
Time to Focus on Return of Capital Strategies – BB
Financial forecasts – major changes to FX outlook – Nordea
Goldman Is Amazed By The Market's Non-Reaction To The Korean Crisis – ZH
EURUSD Tumbles Below 1.17 As Near-Record Longs Begin Unwind – ZH
What's Really Driving the Trump Bump – BB

  TEN YEARS FROM CRISIS
10 Years Ago: Money Markets Seized Up, The ECB Bailed Out BNP Paribas – ZH
The Crisis at the Tipping Point – David Merkel
Where might the next crisis come from? – Economist
If We Are Racing to the Pre-Crisis Bubble, Here Are 12 Charts To Watch – BB


Ten Years of Firefighting Leaves ECB Poised to Exit Stimulus – BB

REGULARS
FirstFT Daily BriefingFT
US-North Korea tensions, Disney, Merkel’s appeal

WSJ CityWSJ
North Korea Threat Hits Markets, Regulator Warns of Brexit Burden, Worldpay Agrees Vantiv Deal

Danske DailyDanske Bank

Eye-OpenerNordea
New financial forecast – a weaker USD * US-North Korean tension strengthens USD * Yields yesterday ended higher, but geopolitical tension will boost safe haven flows

Morning MarketsTF
Asian shares fell on Wednesday on heightened geopolitical worries after US president Donald Trump warned North Korea that any threat to the US would be met with 'fire and fury' and North Korea responded by saying it was considering a missile strike on Guam. The US dollar fell and the yen strengthened.

From the FloorTF
US president Donald Trump's warning to North Korea that any threat to the US would be met with 'fire and fury' sent investors scurrying for cover in safe havens, boosting the US dollar, Japanese yen, Swiss franc, while denting equities.

Daily Market CommentMarc Chandler
Modest Market Reactions to Bellicose Rhetoric, Mostly in Direction Already Moving

Brussels PlaybookPolitico
Trump’s NATO ambassador — Commissioner travel expenses — Tax fights

Five Things You Need to Know to Start Your DayBB

10 things you need to know before the opening bellBI

US Open ZH
Risk Off: Global Stocks Slide As "Fire And Fury" Results In "Selling And Fear"
 
FX UpdateTF
Incredibly complacent markets finally smelled a whiff of risk after US president Donald Trump promised North Korea 'fire and fury like the world has never seen' if the country continues to threaten the US. On this scary development the yen and Swiss franc pulled higher in a classic risk-off move.


FINNISH
AamukatsausNordea
Tulossa hiljainen päivä julkistuksien osalta * EURUSD on ollut nopeassa nousussa kesän aikana * Trumpin retoriikka Pohjois-Korean suhteen sai aikaan pieniä liikkeitä valuuttamarkkinoilla