EUROPE
Editorial: The EU
Has a Problem With Dirty Money – BB
Leaving
national supervisors in charge of money laundering is a mistake.
UNITED STATES
Two years to the
next US recession? That’s what the yield curve says – Nordea
The
slope of the yield curve is the single best indicator of a looming US
recession. From the yield curve, we extract the signals about the timing of a
recession by constructing a month-to-recession indicator.
OTHER
Satyajit Das: The
Risk of Derivatives Isn’t Gone - It’s Merely Morphed – BB
The
problem child of the 2008 financial crisis now lives in central counterparties.
Yield Outlook – Danske
Bank
Italy
moving to the background and Fed hikes to continue -
US-CHINA
China’s Trade-War
Tack Is Steeped in History – BB
Beijing’s
nationalist mood means this isn’t just another economic fight.
Trump & Trade: Feeling the pressure – ING
President
Trump has announced the latest round of tariffs on imports from China with
China vowing an immediate response. With the president's approval rating at a
four-month low and the mid-terms fast approaching, there is no prospect of an
imminent easing in tensions
2.5% of world
trade impacted by Trump tariffs – ING
As
President Trump pulled the trigger on 10% additional tariffs on imports from
China last night, the percentage of world trade affected by it all just went up
to 2.5%. If the US acts on further tariff threats, this could go up to 4%
China Watch: The
200bn dollar question answered – ABN
AMRO
China unlikely to
give in to Trump’s demands despite new tariffs – Danske
Bank
Chinese economic
data points to some stabilization – Pictet
Latest
data releases from China broadly point to stabilisation in activity in August
after a notable deceleration in the previous months.
Fresh tariffs
should have limited impact on US economy for now – Pictet
The
Trump administration has announced new tariffs on USD200 billion of Chinese
imports, initially at a rate of 10%, rising to 25% in January.
The macro impact
of the US-China trade war – ABN
AMRO
Tariffs
to push up inflation, but growth impact less certain
Just The Start:
Goldman Expects Another Round Of Tariffs "In Weeks" – ZH
Beijing To Levy
$60BN In Tariffs On US Goods Effective Sept 24 – ZH
REGULARS
EU Open Rundown – RANsquawk
Brussels Edition
Daily
– BB
FirstFT Daily
Briefing
– FT
WSJ Daily Economics – WSJ
The
Unintended Consequences of U.S. Tariffs | Apple Dodges a Bullet | Merry
Christmas!
Danske Daily – Danske
Bank
New
tariffs fuels US-Chinese trade tensions
Brussels Playbook – Politico
Jourová’s
letter to Russia — Poland deluge — Trump tariffs
Five Things You
Need to Know to Start Your Day – BB
US Open – ZH
Futures,
Global Markets Rebound After "Measured" China Response To New Tariffs
US Open Rundown – RANsquawk
Aamukatsaus – Nordea
USA asettaa uusia tulleja kiinalaisille tuotteille |
Ruotsista saadaan elokuun työttömyysluvut | Riksbankin pöytäkirja haukkamainen,
Ruotsin kruunu vahvistui reilusti