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Tuesday, April 3

3rd Apr - Is the correction over soon?





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EUROPE
Despite the recent rise in protectionist sentiment, Eurozone growth is showing some real momentum. Capacity constraints are close to being reached and if the strong demand for new orders is to be filled, investment will be a necessity. We expect Eurozone investment to pick-up both at home - and also abroad in the form of foreign direct investment

A Modern Greek Tragedy The NY Review of Books

Hungary’s election: The essential guidePolitico
In-depth coverage of Viktor Orbán’s unexpectedly tough battle for another term.

  EUROPEAN CENTRAL BANK
European Central Bank’s marathon man moves to front of the pack
FT
Finland’s Erkki Liikanen is deemed a fit successor to Mario Draghi

Markets price in slower ECB exit ABN AMRO
Earlier this year, financial markets were pricing in a 70-80% chance of a 10bp rate hike by December 2018. Having scaled back these expectations sharply, investors now expect the first rate hike in July 2019,

  BRITAIN
Brexit: Half way there
ING
Explore our new slide pack for our latest thoughts on Brexit negotiations, the UK economic outlook and the pound with one year to go

Yanis Varoufakis: No Brexit for a Eurozone Britain?
Project Syndicate
As British Prime Minister Theresa May is finding out, disentangling a member state from the EU is an arduous and complex undertaking. But how much harder would Brexit have been had the United Kingdom adopted the euro back in 2000?

  FRANCE
50 years after the May 1968 protests, the French are marching again
ING
This time it is a limited protest against a double reform of public services. At the same time, consumer optimism remains low despite the recovery in the jobs market. This casts doubts on the expected private consumption rebound 

Macron faces his biggest reform testOpen Europe
As a month of strikes begin in France over the government's plans to reform the railway sector, Open Europe's Aarti Shankar looks at what this mean for Emmanuel Macron's domestic and European agenda.

Emmanuel Macron Talks to WIRED About France's AI StrategyWired

One in three French students ready to confront police: studyPolitico
French radicalization survey finds ‘cultural cleavage between young Muslims and non-Muslims.’


MARKETS / OTHER
The VIX, Swaption Vol, EMFX And Some Investing PhilosophyMacro Man

Nomura: If S&P Hits 2535, CTAs Go "Max Short", Sell $100 BillionZH

How Panic Buying Turned To Panic SellingZH

FX weekly: The list of potential USD-positives is getting longerNordea
Recent US data has been very strong versus the rest of the world, USD liquidity is shrinking and FI investors have increasingly chosen to buy US Treasuries FX-unhedged. Will the USD eventually catch up to this list of potential USD-positives?

Microsoft Is Officially Not the Windows Company Anymore BB
What was once the sun is now just another outlying moon.

Facebook Data Scandal Has Left Zuckerberg Isolated in Tech BB
Cook, Benioff among CEOs that have blasted the social network * Industry sometimes bands together under government pressure


REGULARS
FirstFT Daily Briefing FT
Wall Street correction, Winnie Madikizela-Mandela, Trump-Putin

WSJ CityWSJ
Tech Plunges Again, Fox Says Disney Could Buy Sky News, U.K. Plc Confident

WSJ EconomicsWSJ
Markets Rattled | U.S. Factories Humming | Trade’s Winners and Losers

“Best of the web” daily chartsLukas Daalder

Danske DailyDanske Bank

Daily Market CommentMarc Chandler
Markets in Search of Footing

Brussels PlaybookPolitico
Boozy politics — Heavy April — New friends in old places

Five Things You Need to Know to Start Your Day BB

US OpenZH
Liquidation Panic Fades, Futures Rebound As Tech, Trade Turmoil Eases

FrontrunningZH


FINNISH
Aamukatsaus Nordea
Kauppasota huolettaa * Kiina asetti vastatulleja yhdysvaltalaisille tuotteille * Tänään julkaistaan Ruotsin ostopäällikköindeksi * USA:n pörssit olivat laskussa

AamukatsausDanske Bank