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Tuesday, May 21

21st May - Continuing trade tensions #4094


Politiikkaa sisarjulkaisussa Politiikkakooste

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EUROPE

US prepares sanctions on Nord Stream 2 pipeline FT
Move to target €9.5bn project that critics say Kremlin can use as political weapon

Four big challenges for Deutsche as investors prepare to vote FT
After collapse of Commerzbank talks, pressure intensifies on leaders to take drastic action

Merkel Was Lobbied for a Top EU Job at Romanian Summit in MayBB
German leader rejected overtures for Donald Tusk’s current job * EU leaders lobbied Merkel to consider her future in Brussels

What Salvini and Le Pen Get Wrong About Europe BB
Brussels isn’t totally in thrall to elite interests. Its initiatives on corporate tax avoidance, tech regulation, and climate change all have the popular touch.

  EUROPEAN CENTRAL BANK
Investors' Inflation Bets May Signal Rising Concern for ECBBB

Martin Sandbu: Draghi’s legacy is consensus on ECB’s unconventional waysFT
The flipside is scepticism of Bundesbank’s Jens Weidmann as next president

Negative Rates, Designed as a Short-Term Jolt, Have Become an AddictionWSJ
Europe’s central banks haven’t been able to wean the eurozone off cheap money, which distorts economies and leaves little ammunition to cushion a downturn

Deutsche Bank Makes the Wrong Kind of Enemy BB
The ECB looks unwilling to be a bystander any longer.


OTHER
Trade Tensions Put Global Economic Growth on a ‘Subpar’ SettingBB
OECD trims global forecast as trade tensions hit crisis level * Governments must act as central banks have limited space

A Review of IMF-Supported Lending ProgramsIMF

  US-CHINA
Trump grants temporary reprieve from Huawei ban FT
Chinese telecoms company says 3-month grace period ‘doesn’t mean much’

China Warns About ‘Unwavering Resolve’ to Fight U.S. ‘Bullying’BB
U.S. last week blacklisted Huawei, curbed imports of products * Beijing’s ambassador to the EU vows ’necessary response’

Xi calls for ‘new Long March’, China preparing for protracted trade warSCMP
His comments come amid an increasingly sour mood in official Chinese media, which have become more forceful in anti-US rhetoric since trade war talks collapsed

Xi highlights China’s dominance of rare earths marketFT
Chinese leader visits magnet maker as trade war with US heats up

Rare-Earth Stocks All Soar "Limit Up" After Xi's ThreatZH


REGULARS
Five Things to Start Your Day AsiaBB
China Hits Back * Huawei-Fueled Selloff * Ford Slashes Jobs * Australian Startup Snags Deal

Eco Day AsiaBB
Fed on Interest Rates, U.S. Jobs Market, Israel Window * Chinese ambassador to EU warns of retaliation against U.S. * Not unusual for Trump to comment on rates, says Bullard

Five Things to Start Your Day EuropeBB
China hitting back * China stocks gain * Tesla’s torment * Carney’s testimony postponed * OECD Outlook

EU Open RundownRANsquawk

FirstFT Daily BriefingFT

Brussels Briefing FT
From Russia, with love: Sebastian Kurz is at war with the Freedom party and faces threat of a no-confidence vote

Brussels EditionBB
Hungarian Model

Brussels PlaybookPolitico
Ibizagate fallout — Macron vs. Le Pen, round 3,242 — Ambition vs. reality

Danske DailyDanske Bank
Political headlines remain in the spotlight

Eco Day EuropeBB
ECB Race Wide Open, Israel Rate Day, Australia Election * Trump vows China’s economy won’t surpass the U.S. on his watch * Theresa May’s economic legacy is dominated by Brexit fallout

Daily Market Comment Marc Chandler
Equities Find Some Traction while the Dollar Firms

Five Things to Start Your Day USBB

US Open RundownRANsquawk

US OpenZH
Global Markets A "Sea Of Green" After Trump Temporarily Eases Huawei Restrictions

Eco Day USBB
Trade-War Fallout, China Could Retaliate, Merkel Clash * Trade tensions put global economic growth on ‘subpar’ setting * China warns on ‘unwavering resolve’ to fight U.S. ‘bullying’


FINNISH
Aamukatsaus Nordea
Markkinat ottivat eilen ilolla vastaan uutiset Narendra Modin johtaman liiton marssista kohti vaalivoittoa | Euroalueen luottamusluvut koetuksella? | Trump myƶnsi 3 kuukautta armonaikaa Huaweille