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Tuesday, September 5

5th Sep - Up & Down





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EUROPE
ECB preview: Silence is not golden – ABN AMRO
Some Preliminary Thoughts on the ECB's Capital Key – Marc Chandler
EU Reform debate to pick up pace after the German elections – Deutsche Bank
Europe's Migrant Crisis Isn't Over – BB


UNITED STATES
Analysis Of Presidential Job Approval Ratings – Global Macro Monitor
Mediocre To Solid Data Flow, But Weak Inflation Still Key – Tim Duy


OTHER
  MARKETS
September’s Bringing Tons of Catalysts to Shatter Market Calm – BB
Did Norges Bank Just Drop a Bomb? – Macro Man
What to expect from major central banks this September – ING
BofA: Even The Bubbles Are Becoming More "Bubbly" Thanks To Central Banks – ZH

  NORTH KOREA
South Korea eyes bigger warheads, North Korean ICBM reportedly on the move – Reuters
Trump and Moon Agree to Show Muscle After North Korea Nuke – BB

  CHINA
China’s Xi Sees Risks to Global Economy, Opposes Protectionism – BB
China's virtual coin fundraising ban just the start of tighter regulations: Yicai – Reuters
China: What’s happening and what to expect next – ING

  ECONOMICS / INVESTING
Ten Confessions of an Economic Forecaster – ING
Nations Can Sometimes Spend Their Way Out of Recessions – BB
Noah Smith: Lots of Liquidity Isn't Always BetterBB
36 Obvious Investment Truths – Ben Carlson
Aaron Brown: Public Quant Funds Aren't Always What They Seem – BB
Steve Cohen’s Comeback Begins – BB
Research Just Got Cheaper And That’s a Major MiFID Headache – BB
The Myth of Stock-Market Tops – WSJ
The implications of low implied correlations – Callum Thomas
How to make a portfolio more defensiveTF
Profit Margins, Bayes’ Theorem, and the Dangers of OverconfidencePhilosophical Economics


REGULARS
Morning Report APACTF
Equities have opened lower in Seoul Tokyo and Sydney as investors shun risky assets and head to havens like gold and the yen. The US was on holiday on Monday so investors will watch Wall St closely today when it reopens for its reaction to worrying news from N Korea.

FirstFT Daily BriefingFT
Pyongyang ‘begging for war’, Hollywood’s dismal summer, prosecco wars

WSJ CityWSJ
Europe’s Weak Pay Threat, Aveva Soars on Schneider Takeover, U.K. Retail Sales Rise

“Best of the web” daily chartsLukas Daalder

Danske DailyDanske Bank

Eye-OpenerNordea
Positive numbers out of China; focus on Norway today - another drop in housing prices * Muted moves in rate markets * Flows to safe haven continued

Morning MarketsTF
Asia-Pacific equity markets were mixed in nervous trade on Tuesday, with worries about North Korea lingering and with a lack of direction due to Monday's Labor Day holiday in the US. The Reserve Bank of Australia held its policy rate unchanged for a 13th consecutive month, as expected.

From the FloorTF
US markets are returning from the Labor Day holiday as the summer period of lessened liquidity comes to its end. The question now is how best to weight your portfolio given a surfeit of global tensions and a spate of incoming central bank statements.

Daily Market Comment Marc Chandler
Greenback Mixed, North Korea and PMIs in Focus

Brussels PlaybookPolitico
Britain beyond Brexit — Moscovici’s eurozone ideas — Azerbaijani bribe scandal

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 Stocks Shake Off North Korea Jitters; Chinese Yuan Slides

FrontrunningZH

FX UpdateTF
North Korea jitters keep providing a distraction while US markets get back to work today for the traditional first post-summer trading day. Picking up from where we left off on Friday it’s time for EURUSD to commit to a direction over the next two trading days through Thursday’s ECB meeting.


FINNISH
AamukatsausNordea
Fedin Brainard ja Kashkari tänään äänessä | Markkinoilla rauhallista | Tänään ei tulossa tärkeitä julkistuksia