New EU Market Rules Could Kill Brokers’ Morning Notes
- Notes intended as marketing may have to be paid for from 2018
- Rules put onus on buyside to block receipt of free research
Michael Shaoul, chairman and chief executive officer at Marketfield Asset Management, talks about the potential industry and market impact of MiFID II rules. He speaks on 'Bloomberg Daybreak: Americas.' (Source: Bloomberg)
Each weekday morning, shortly after 8 a.m. London time, City workers get a cheery “GOOD MORNING” in their inboxes as Anthony Peters’s daily note arrives.
In it, the Sol Capital Advisory strategist discusses the previous day’s events, economic numbers published or due, and pours scorn on hobby horses including the European Union, central banks and politicians. A similar recipe is used by Bill Blain of Mint Partners, who opens “Blain’s Morning Porridge” with a song lyric or quotation, and Deutsche Bank AG’s Jim Reid, whose “Early Morning Reid” recounts some part of his home life before turning to the economy, rates, bonds and currencies.