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Monday, May 21

21st May - Italy, Italy, Italy




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EUROPE
The EU must defy Trump’s tariffsFT
Brussels is right to insist that it will not negotiate with the US under duress

  ITALY
Why Italy could yet blow the Euro and European Union apart – Telegraph
Italy's insurgents enrage Germany and risk ECB payment freeze – Telegraph
Boom beckons in Italy as post-austerity rebels slash taxes and spray money – Telegraph
Sell Italy, buy the euro – FT
Editorial: Italy’s Populist Path Ahead – BB
Italian assets hit hard by political risk over new government – FT
French finance minister fires EU budget warning to Italian populists – FT
Münchau: Italy illustrates the way to liberal democracy’s demise – FT
The Threat of the Mini-BoT – Marc Chandler
Italian Bonds, Banks Bloodbath As 'Mini-BoT' Massacre Continues – ZH

Europe's Italian Problem Is Bigger Than Brexit – BB
The ECB Must Stop the Rot in Italian Bonds – BB
 



UNITED STATES
U.S. Puts ‘Trade War’ Against China on Hold, Mnuchin SaysBB
Treasury secretary says Trump will hold off on tariffs for now * China agrees to reduce trade surplus with U.S. after talks


OTHER
Great Graphic: Euro-Swiss Shows Elevated Systemic Risk Marc Chandler


REGULARS
EU Open RundownRANsquawk

Market Briefing: Daily Markets OverviewYardeni Research

FirstFT Daily Briefing FT
Trade war on hold, Maduro’s victory, booming art market

WSJ CityWSJ
Mixed Messages on Tariffs, Finance Pushes for U.K. Immigration Overhaul

WSJ EconomicsWSJ
U.S. Tariffs on Hold? | Where to Find Inflation | Chavismo Wins, Venezuela Suffers

Danske Daily Danske Bank

Daily Market CommentMarc Chandler
Market Response to De-escalation of Sino-American Trade Tensions: Meh

Brussels PlaybookPolitico
Gray skies over Europe — UK vs. oligarchs — Podemos’ anti-austerity

Five Things You Need to Know to Start Your DayBB

US OpenZH
Futures, Dollar Surge As "Trade War Put On Hold"; But Euro, Italian Bonds, EMs Routed