Just the
morning briefings – I will soon post an article update and the usual US Open
and US Close posts regularly.
Previously
posted:
News
roundup – Between
The Hedges
News roundup – The Trader
News roundup – The Trader
The 6am Cut
London – alphaville
/ FT
Debt
crisis: live – The
Telegraph
The Euro
Crisis Blog – WSJ
FX Options
Analytics – Saxo
Bank
European
10yr Yields and Spreads – MTS indices
Danske
Daily – Danske
Bank (pdf)
G-8 summit embraces further emphasis on
measures to support growth but fails to produce concrete results. Risk appetite
continued to retreat on Friday, as US stocks posted their third weekly loss in
a row. Sentiment remains fragile as focus turns to the EU summit on Wednesday.
Market stress is likely to remain elevated ahead of the 17 June elections in Greece.
European markets are expected to open weaker Monday amid concerns about contagion from Greek political turmoil. Affirmation from G8 members has failed to instill confidence amongst investors. Market awaits the Eurozone construction output data today.
Morning
Briefing – BNYMellon
On many an occasion, we have highlighted a disconnect between the EUR’s
performance and its underlying fundamentals that has arisen largely as a
result of the reserve diversification activities of USD-hoarding
central banks across the world. Put another way, the EUR’s performance
against the USD over the years has to a large degree reflected the
perceived strength of the Chinese economy; and it is with ongoing events
in China and the Euro-area in mind, that we anticipate only scant
respite for the single currency, with today’s rebound no doubt being
eyed by some as an increasingly attractive selling opportunity. European markets are expected to open weaker Monday amid concerns about contagion from Greek political turmoil. Affirmation from G8 members has failed to instill confidence amongst investors. Market awaits the Eurozone construction output data today.