18th May - Second panic day eases

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EUROPE

Greek Strikes Show Why Eurozone Debt Solution Will Never Work – Forbes

Target2 balances a ticking time bomb? – ABN AMRO

UNITED STATES

JPMorgan: "A Trump Impeachment Is Very, Very Unlikely" – ZH

WSJ Urges Trump To Keep His Mouth Shut – ZH

Investors Still Expect Corporate Tax Reform – Barry Ritholtz

The Special Counsel Who Just Might Save Trump's Presidency – BB

OTHER

Yield Outlook – Danske Bank

Range trading for the rest of 2017 but higher yields in 2018

REGULARS

Morning Report APAC – TF

The problems of US president Donald Trump have spilled out into the geopolitical realm with fears from the investor community that the infrastructure president is not going to be able to offer the global growth sweeteners he promised.

FirstFT – FT

Trump fade, Temer on tape, Dutch king’s job

WSJ City – WSJ

Confidence Grows in Europe, Former FBI Chief to Lead Russia Probe

Danske Daily – Danske Bank

Eye-Opener – Nordea

Trump worries send bonds and volalitity up, equities and USD down * Today UK retail sales and US Philly Fed (apart from the daily Trump) * 10 bp drop in 10 year treasury yield * EUR/USD trades above 1.11

Morning Markets – TF

The troubles facing the Trump administration have gone global pushing down Asian equities and boosting safe-havens.

From the Floor – TF

Political turmoil swirling around US President Donald Trump is spreading a wave of risk-aversion across financial markets, knocking global stocks sharply lower and driving safe-haven government bonds higher. Volatility is up sharply. The word "impeachment" is in the air, but a two-thirds majority in the Senate would be needed to remove the president.

Daily Market Comment – Marc Chandler

Some Respite from US Politics as Sterling Surges Through $1.30

Brussels Playbook – Politico

Parliament slaps Orbán — Who’s who in Macron cabinet

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

Selloff Accelerates As Trump Fears Mount: "The Market Will Revert To Much Higher Volatility"

Frontrunning – ZH

FX Update – TF

The latest Trump revelations have finally proven the straw that broke the complacent camels’ back as broader risk appetite suffered a meltdown yesterday with USDJPY volatility even exceeding US equity market volatility over the last couple of sessions.|

FINNISH

Aamukatsaus – Nordea

Markkinat alamäessä * Ison-Britannian työttömyysaste laski alimmilleen yli 40 vuoteen * USA:n ja Saksan korot selvässä laskussa * Japanin alustavat BKT- luvut odotettua vahvemmat