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Thursday, May 16

16th May - Green wave continues #4090




Politiikkaa sisarjulkaisussa Politiikkakooste


EUROPE
Big Read: European elections: is the party over for the centre-right?FT
Dominant in EU politics for two decades, the EPP fears a backlash from populist rivals at next week’s polls

Weidmann backs critics of Germany’s trade surplus FT
Bundesbank head blames companies’ savings for driving current account imbalance

The Thumbnail Sketch of the Euro You are Looking For Marc Chandler

Unsustainable German GDP spurtABN AMRO

German domestic demand is resilientPictet

Editorial: How Europe Can Win on Migration BB
“Irregular crossings” have fallen sharply, but the issue is as divisive as ever. Here’s what the EU should do.

Ferdinando Giugliano: Italy's Options All Look TerribleBB
Bond investors are right to seek a higher risk premium. Even a new general election wouldn’t make much difference to the markets.



OTHER
China Watch: Oops, he did it againABN AMRO
US-China tensions re-escalate, affecting stock markets and the yuan * Complete breakdown of talks not likely, but uncertainty remains high * Permanent broadening of tariffs would again create strong headwind * Even before higher tariffs are in place, April data disappoint * We expect authorities to step up stimulus further, still, all in all, risks are shifting to the downside again

Trump’s Huawei Threat Raises the Trade-War StakesBB
We may have to settle in for a long, slow slugfest between the world’s two biggest economies.

US chipmakers hit after Trump blacklists Huawei FT
Chinese group may be prevented from buying or selling parts in US as trade war escalates

Can Huawei survive US blacklisting? FT
Chinese telecoms group will need to look elsewhere to procure key components


REGULARS
Five Things to Start Your Day AsiaBB

Eco Day AsiaBB
China Cuts Treasuries, EU Tariff Delay, U.S. Recession * Global economy’s rebound is clouded by escalation of trade war * Brexit paralysis creates ‘zombie’ parliament with little to do

Five Things to Start Your Day EuropeBB

EU Open RundownRANsquawk

FirstFT Daily BriefingFT

Brussels BriefingFT

Brussels EditionBB

Brussels PlaybookPolitico
Who cares about the numbers? — The Bullmann plan — Australian bombshell

Danske DailyDanske Bank
Car tariff threat delayed rather than resolved

Eco Day EuropeBB
Coeure on Negative Rates, BOE Race, EU Tariff Delay * U.S.-China trade war is threatening to upend global recovery * Indonesia seen leaving rates unchanged with eyes on C/A gap

Daily Market Comment Marc Chandler
US Struggles to Strike a Less Strident Tone

Five Things to Start Your Day US BB

US Open RundownRANsquawk

US OpenZH
Futures Rebound Despite Trump's Huawei Ban, Yuan Slides For Record 12th Day

Eco Day USBB
Trade War Threat, What Low Inflation?, Weidmann Warning * World economic rebound imperiled by escalating trade war * U.S. pays up on tariff-hit goods even as inflation stays low


FINNISH
AamukatsausNordea
Trump lykkää autotulleja, uutinen positiivinen osakemarkkinoille | Tänään vuorossa hiljainen päivä, USA:sta Philadelphian ostopäällikköindeksi | Saksan BKT kasvoi 0,4 prosentilla ensimmäisellä neljänneksellä, näkymissä yhä epävarmuutta

Suomi: Luovintaa karikoissa Nordea
Suomen talous on jatkanut alkuvuonna kasvuaan kansainvälisen talouden haasteista huolimatta | Kasvua ylläpitää kulutus, jota tukee hyvä tulokehitys | Suurimmat riskit ennusteelle ovat alasuuntaisia ja tulevat Suomen rajojen ulkopuolelta

Economic Outlook -talousennusteNordea
Kesän 2019 alkaessa ilmassa on varsin ristiriitaisia signaaleja. Aasian talouksista on kuultu varovaisia merkkejä käänteestä parempaan, Yhdysvaltain talous rullaa eteenpäin, mutta Euroopan talous on ajautunut huomattaviin ongelmiin. Tämä kaava toistuu Pohjoismaissa, joiden tarinat etenevät eri tavoilla.