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Wednesday, August 22

22nd Aug - Quiet




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EUROPE
Germany calls for global payments system free of USFT
Foreign minister seeks European autonomy on issues such as Iran

Merkel cool on EU independent payment system to save Iran dealReuters

The ECB Leaves Companies Staring Into the VoidBB
September normally means good times for European corporate bonds. Not this year.

Russians Get a Revisionist View of Soviet Union’s EndBB
A new narrative paints from a former vice president paints Yeltsin as a tool of the U.S. in thwarting 1991 coup by hardliners.


UNITED STATES
Five ways Trump could weaken the dollarING
Can President Trump instruct the US Treasury to intervene in FX markets and weaken the dollar? Twelve months ago, we wouldn't have even considered this question. But under this new mercantilist US regime, who knows? We identify five ways in which Washington could try to engineer a weaker dollar

The Fed May Be About to Make a Mistake BB
Markets are skeptical that inflation will rise enough to justify the need for several more rate hikes.

FOMC Minutes: September Hike Coming; "Trade Disputes" Cited As Main Risk ZH

Will the Fed Trump the President or vice versa?Tony Yates


OTHER
The IMF Should Stick to Its Guns BB
If countries such as Pakistan want bailouts, they need to live up to the Fund’s standards.

Turkey-U.S. Tiff Shows How Deep NATO’s Problems RunBB
Europe can’t just blame Trump if everything falls apart.

Price and wage-setting in advanced economies: Selected takeaways from the ECB’s Sintra Forumvoxeu


REGULARS
EU Open RundownRANsquawk

FirstFT Daily BriefingFT

WSJ EconomicsWSJ
Record Bull Market | Auto Tariffs | Chinese Savers

Danske DailyDanske Bank

Daily Market CommentMarc Chandler
Markets Take US Political Developments in Stride

Brussels PlaybookPolitico
View from the East — Politics is a game show — Trump’s dumpster-fire day

Five Things You Need to Know to Start Your DayBB

US OpenZH
Futures Fall On Trump Legal Fallout As S&P Bull Run Hits Record

US Open RundownRANsquawk

AamukatsausNordea
Fedin elokuun kokouksen pöytäkirjasta ei odoteta yllätyksiä, muilta osin luvassa rauhallinen päivä | USA:n uusimpien Venäjä-sanktioiden on määrä astua voimaan tänään | Dollari heikkeni Trumpin Fed-kritiikin myötä, Turkin liiran liikkeet tasaantuneet