EUROPE
Karlsruhe Refers the QE
Case to Luxembourg – Matthias
Goldmann
Merkel Stands By German
Border Opening to Refugees in 2015 – BB
Merkel has no regrets
over refugee policy despite political cost – Reuters
Majority of people in
France now dissatisfied with Macron: poll – Reuters
UNITED STATES
The Media Is the Villain
– for Creating a World Dumb Enough for Trump – Rolling Stone
What Markets Think About
the Looming Debt Ceiling Showdown – BB
Trump’s Pivot to Taxes
Is Fraught With ‘Pitfalls Everywhere’ – BB
Cohn or Yellen? Bond
Traders Say Same Difference – BB
Yellen's Odds of Being
Reappointed Get Slimmer – BB
Editorial: Yellen Sends
Trump the Right Message – BB
OTHER
Macro Monday: Debt
ceiling Fed and ECB dates in focus – TF
Coming Week: Payrolls,
Core PCE, GDP, ISM And More – ZH
Peter Tchir: A Brief
History Of Tail Risk: From LTCM, ABX, CDS, To VIX – ZH
Mauldin: "4 Charts
Why You Should Run Away From The S&P 500" – ZH
The S&P 500: Just
Say No – GMO
Asset Allocation in a
Low Yield Environment – AQR
Managing Sequence of
Return Risk – Ben Carlson
Matt King: QE And ETFs
Have Created An Unstable, One-Way Market – ZH
Bull and Bear Market
Volatility Look Very Different – BB
Fiscal stimulus in
downturns is safe even when debt is high: researchers – Reuters
REGULARS
Morning Report APAC – TF
Supply interruptions from Hurricane Harvey in the Gulf of Mexico have
lifted oil prices. Meanwhile the Fed's Jackson Hole summit has given the euro a
lift and driven the US dollar lower. And copper is riding high on robust demand
from China.
FirstFT Daily Briefing – FT
Harvey slams Houston, Uber chooses new CEO, blue dogs of Mumbai
Danske Daily – Danske Bank
Eye-Opener – Nordea
EUR/USD jumps again, EA inflation and US job report this week * Draghi
and Yellen with no news on monetary policy * EUR/USD climbs further * Lower
treasury yields
Morning Markets – TF
The euro rose and the US dollar fell after European Central Bank
President Mario Draghi and Fed chief Janet Yellen failed to provide new
monetary policy signals at the Fed's Jackson Hole conference. Meanwhile
gasoline prices spiked as Tropical Storm Harvey hit Texas and caused
catastrophic flooding in the heart of America's energy industry.
From the Floor – TF
A complacent (perhaps too complacent in Saxo Bank FX head John Hardy's
view) round of speeches from central bankers at Jackson Hole failed to move
markets in any dramatic fashion, but Hurricane Harvey and hurricane Trump
appear likely to provide their share of volatility.
Daily Market Comment – Marc Chandler
Monday's Dollar Blues
Brussels Playbook – Politico
Europe’s next competition clash — Brexit talks round 3 — Angela ‘no
regrets’ Merkel
US 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
Futures Flat As Gasoline Soars On Harvey Devastation, Rising Euro Sends
European Stocks Lower
Frontrunning – ZH
FX Update – TF
Jackson Hole speeches by Fed chair Janet Yellen and ECB president Mario
Draghi entirely failed to push back against market assumptions and the EURUSD
trend so the bulls stampeded again. This week’s focus is on US data but US
politics could steal the show all month with the approach of the debt ceiling
deadlines at the end of September.
FINNISH
Aamukatsaus – Nordea
Perjantaina saadaan USA:n työmarkkinaraportti | Odotamme
euroalueen inflaation kiihtyneen hieman | Euro vahvistui dollaria vastaan yli
prosentin