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Monday, March 4

4th Mar - Quiet #4036


EUROPE
Deutsche and Commerzbank: why Berlin is backing a mergerFT
Rumoured for a decade, the move to combine Germany’s two largest banks now has political backing

China gains the upper hand over GermanyFT
Berlin is paying for its political choices on public sector debt reduction

The ECB Is Speaking With Too Many VoicesBB
It’s hard to get a clear sense of how the bank will manage the slowdown in Europe. The euro zone needs to identify Mario Draghi’s successor quickly.

ECB PreviewABN AMRO
Signal of longer period of unchanged rates and hint at TLTRO

Estonia Reform Set to Return to Power as Populists SidelinedBB


UNITED STATES
Noah Smith: Trump Should Take Aim at China’s Joint-Venture RuleBB
The partnerships required to do business in the country are a cover for stealing U.S. know-how.

Kenneth Rogoff: Modern Monetary NonsenseProject Syndicate
A number of leading progressive US politicians advocate using the Federal Reserve's balance sheet to fund expansive new government programs. Although their arguments have a grain of truth, they also rest on some fundamental misconceptions, and could have unpredictable and potentially serious consequences.


OTHER
China and India Stumble Into Monetary LeadershipBB
As the world's central banks turn dovish, Beijing and New Delhi stand out for taking action. Yet few economists see imminent steps elsewhere.


REGULARS
Five Things to Start Your Day Asia BB

Eco Day AsiaBB
U.S.-China Deal, Dollar Strength, Aussie Credit Squeeze * Japan inflation barometer suggests zero price growth by summer * New normal for Europe’s central bankers: getting kicked around

Five Things to Start Your Day EuropeBB

EU Open RundownRANsquawk

FirstFT Daily BriefingFT

Brussels BriefingFT
The antitrust overhaul: Margrethe Vestager warns that any revamp will have consequences for the bloc and beyond

Brussels EditionBB
Carbon split

Brussels PlaybookPolitico
EU’s diplomacy bounces back in Washington — Estonia’s opposition wins election — Orbán on a limb

Danske DailyDanske Bank
US-China trade deal edging closer

Eco Day EuropeBB
Europe Central Banks Under Fire, U.S.-China, Asia PMIs * Political pressure on monetary policy rises across continent * U.S., China move closer to a deal, China holds political meet

Daily Market CommentMarc Chandler

Five Things to Start Your Day USBB

US Open RundownRANsquawk

US OpenZH
Groundhog Day As Markets Rise On "Trade Talk Optimism"; Dollar Jumps Despite Trump Threat

Eco Day USBB
U.S.-China Trade Deal, Powell vs MMT, Trashing the Fed * U.S., China are nearing deal that could end most U.S. tariffs * Trump using Fed, strong dollar complaints to stir voter base


FINNISH
Aamukatsaus Nordea
Tulevalla viikolla EKP on kokousvuorossa, lisäksi USA:sta saadaan työmarkkinatilastoa | USA:n teollisuuden luottamus laski odotuksia enemmän, euroalueen hintapaineet yhä vähäisiä | Julkaisimme uudet valuutta- ja korkoennusteemme