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Monday, August 13

13th Aug - EM carnage continues




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EUROPE
Populists Keep EU on Edge as Focus Shifts to 2019 ElectionsBB
European Parliament ballot may be a verdict on the bloc itself * Steve Bannon causes a stir by setting up shop in Europe

Ashoka Mody’s Eurotragedy PresentationsPrinceton University

Editorial: Russia Sanctions Won’t Work If Trump Doesn’t Back Them UpBB
The president’s refusal to condemn Putin undermines any economic penalties.

Italian banks and the problem of tightly knit politicsFT
New rules for the banking sector may fuel conflict with Brussels.

  TURKEY
Lira Crashes Through 7 As Erdogan Threatens To Unleash "Plan B Or C..."ZH

Lira CrashJohn Cochrane

Paul Krugman: Partying Like It’s 1998NYT

El-Erian: 7 Things to Keep in Mind About TurkeyBB
The country is confronting some old problems and a host of news risks.

Lira Rebounds After Turkey Bank Regulator Limits FX Swap Operations ZH

Turkey crisis: Time to deleverageING
The dramatic fall in the Turkish lira and broad-based sell-off in emerging markets is sending funds into the safe haven dollar. But at some point, President Trump’s economic policies may come home to roost

Turkey Takes First Steps to Bolster Banks Amid Lira's Decline BB
Reserve rule change to add $6 billion in dollars to the market * Measures could be too little, too late, analyst says

Turkey Takes Aim at Media Reporting on Country's Currency CrisisBB


OTHER
Rude awakeningING
Back from 2 weeks of holiday - what's changed? Turkish Lira, EURUSD. Lower US Treasury yields.

Turkish Contagion Spreads as Emerging-Market Currencies SlumpBB
South Africa’s currency falls as much as 9.4% in Asian trading * Analysts see hit to emerging-market investor sentiment

Saudi Puts Its Money on Tech as It Prepares for Life After OilBB
Kingdom may raise its investment in electric car-maker Tesla * Investments to help Saudi grow into ‘knowledge-based economy’

Saudi Arabia Starts to Weaponize Its WealthBB
Canada dispute shows the risk of selling stakes in western assets to Riyadh.


REGULARS
EU Open RundownRANsquawk

WSJ EconomicsWSJ
Turkish Lira’s Collapse Ripples Through Financial Markets

Danske DailyDanske Bank

Daily Market CommentMarc Chandler
Turkey Drives Risk-Off, but Pressure Abating

Brussels Playbook Politico
Peak Barnier — Break a law! — EU summit on Yom Kippur

Five Things You Need to Know to Start Your DayBB

US OpenZH
Global Stocks Tumble Amid Growing Contagion From Turkish Crisis

US Open RundownRANsquawk

Aamukatsaus Nordea
Turkin liira heikentyi perjantaina, maan taloustilanne muutenkin epävakaa | Tällä viikolla luvassa dataa esim. Britannian inflaatiosta ja Ruotsin asuntojen hinnoista | USA:n ja Ruotsin inflaatio odotusten mukaista, Norjassa odotuksia nopeampaa