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EUROPE
EUROPEAN
CENTRAL BANK
Interview with Peter
Praet – ECB
`Helicopter Money' Hurts
Banks, ECB's Weidmann Tells Newspaper – BB
Helicopter money could
be next step for ECB – TF
ECB Doing Whatever It
Takes Can't Make Euro-Area Banks Lend – BB
OTHER
Global easing move in Q1
keeps downward pressure on yields in Q2
Fed allows inflation to
overshoot now, but other US data should improve more too - USD positive?
History is not so intuitive...Even GBP can outperform USD if global data turns
better, Brexit or not.
REGULARS
Praet puts rate cut on the table,
UST yields continue to decline, BoE downplays Chinese spillover risks * Fed
speeches, Euro-area flash PMI and UK inflation this week * Two-year Treasury
yield below December lows * BoE downplay risks of Chinese spillover to UK
economy
There was an upbeat start to the
week in some parts of Asia with stocks heading into the green in Shanghai and
Hong Kong. Overall though the tone is somewhat subdued as Japan has a bank
holiday today and a slew of Western counterparts will be closed on Friday (and
Thursday too in some cases) for the Easter break.
Sterling Slides on Tory Party
Discord
Bullard goes neo-Fisherian
The Bank of Russia kept
its policy rate steady even though inflation has fallen in what amounts to a
hawkish stance and the rouble has strengthened on the back of that hawkishness
and firmer crude oil prices. Iraq's oil production hit a new high recently and
Indian fuel consumption is expected to rival that of China.
David Cameron suggests
low turnout in EU referendum could favour ‘Leave’ camp * CBI claims UK GDP
could shrink by over 5% in 2020 in case of Brexit * Migrant boats continue to
arrive in Greece as EU-Turkey deal comes into force * New survey: 60% of Irish
exporters think Brexit would harm their business * Asset managers welcome EU
Commission’s rejection of controversial bond trading rules * UK sugar tax could
be in breach of EU competition rules, law firm says * Greece and creditors made
“significant progress” in economic reform talks, EU Commission says
Turkey — Terror and TV
drama
Global Stocks Levitate Despite
Ongoing Oil Weakness; China Stocks Jump After Easing Margin Debt
If the USD doesn’t
follow through weaker early this week the USD bears may get left high and dry.
After all the Fed emptied every chamber against the greenback last week and if
that can’t push the USD lower from here it is hard to see what can.
The dollar may have
found its base to launch a fightback after last week's post-Fed plunge peters
out. Elsewhere this is not a good day to have money in Casino
Guichard-Perrachon.
FINLAND
& FINNISH
Luottamus
hienoiseen nousuun * Ruotsin teollisuuden luottamus hieman tasaantuu * Norjan
työllisyystilanne on ennakoitua parempi * Venäjän keskuspankki piti korot
ennallaan
Eurosta
aiheutuvaa talouden taakkaa ei ole syytä kantaa turvallisuuspoliittisin
perustein, kirjoittaa ministeri Antti Tanskanen.
Jan
Hurri: Suomen kansainvälisellä hintakilpailukyvyllä on suuria haasteita
muuallakin kuin meikäläisissä neuvottelupöydissä. Neljä niistä on Saksa,
Ruotsi, Venäjä ja euro.