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EUROPE
Europe's Addiction to Bailing Out
Banks – BB
ECB PSPP data: Slightly longer, but
still short – Nordea
Listen Up for ECB Signal in Noise on
How Rates, QE Interact – BB
Euro area: reconciling soft and hard
data – Pictet
Small European Currencies Are Just a
Headache – BB
ADP Says Companies in U.S. Added 263,000 Employees in March – BB
U.S. private sector adds 263,000 jobs in March: ADP – Reuters
ADP Employment Highest
Since 2014 As Manufacturing Hiring Spree Continues – ZH
ISM Non-Manufacturing
Index decreased to 55.2% in March – Bill
McBride
PMI Reveals Weakest
Business Activity Growth In Six Months – ZH
FOMC
MINUTES
The Fed Knows Better
Than to Be Fooled by Weak 'Soft' Data – BB
What the Fed Minutes
Could Reveal About the Balance Sheet – BB
Balance Sheet To Shrink
This Year; Some Saw Stock Prices As "Quite High" – ZH
Minutes Suggest Balance
Sheet May Begin Shrinking This Year – Marc
Chandler
Fed set to shrink
balance sheet – ABN
AMRO
Fed Favors Plan to Start
Shrinking Balance Sheet Later in 2017 – BB
OTHER
Macro
Digest: How big a deal is the Trump/Xi summit? – TF
Morning Report APAC
– TF
There are signs of cautious optimism
today in Asian markets today driven by higher oil prices and a positive lead
from Wall St. In Hong Kong and China shares made gains when trading resumed
after the Chingming holiday.
FirstFT – FT
Launch comes as Xi and Trump prepare
to meet, the Brexit no one voted for, and the secret behind Wall St’s largest
oil trade
WSJ City – WSJ
Bulls Rush to Havens, Prepare for US
Earnings Bonanza, Why Barclays Looks Smart
Danske Daily
– Danske
Bank
Eye-Opener
– Nordea
Lacker resigned; FOMC minutes;
heated French debate * ADP and ISM data to affect expectations ahead of
Friday’s US jobs report? Bund yields touch lower again * USD waiting for FOMC
minutes
Morning Markets –
TF
North Korea's decision to fire a
missile into the Sea of Japan ahead of the Trump/Xi summit – and following
Trump's statement that the US is prepared to take action against Pyongyang –
has boosted geopolitical fears into the European bell.
From the Floor
– TF
With just 18 days to go until the
first round of the presidential vote in France, Marine Le Pen is struggling to
establish her credentials beyond her core support as rival Emmanuel Macron
takes the plaudits. That's helping to ease European nerves in the process.
Brussels Playbook – Politico
Five Things You Need to Know to Start Your Day – BB
10 things you need to know before the opening bell – BI
US Open – ZH
China Surge, Rising Oil Pushes
Global Stocks Higher; S&P Futures Flat As Fed Minutes Loom
Frontrunning
– ZH
Aamukatsaus – Nordea
USA:ssa julkistetaan yksityisen sektorin työpaikat (ADP)
ja palvelusektorin luottamus (ISM) | Tänään julkaistaan Fedin
avomarkkinakomitean maaliskuun kokouksen pöytäkirja | Korkomarkkinoilla
varaudutaan Ranskan presidentinvaaleihin