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EUROPE
POLITICS
Door
open for Marine Le Pen to move to mainstream – Europp
/ LSE
With both
the French government and opposition in crisis, the door is open for Marine Le
Pen to move firmly into the mainstream of French politics
The
dynamics of migration in the euro area – DB
Research
Due to the
crisis, migration patterns within the eurozone have changed fundamentally. While
prior to the crisis many citizens from Central and Eastern European EU
countries migrated to Spain and other peripheral countries, the
westward migration is now primarily directed to the core. The crisis has also triggered
increasing migration from the periphery to the core.
Why the
US and EU are failing to set information free – voxeu.org
EUROPEAN CENTRALBANK
Draghi
introductory statement – ECB
Hearing at
the Committee on Economic and Monetary Affairs of the European Parliament
ECB's
Draghi says appreciated euro a risk to recovery – Reuters
ECB
caught up in economists’ spat – FT
BIS and IMF
have completely different ideas on what the ECB’s next step should be.
Draghi
Seen Handing $1 Trillion to Banks in ECB Offer – BB
Mario
Draghi’s newest stimulus tool will hand banks more than 700 billion euros of
cheap funding, economists say.
IMF ARTICLE IV
IMF Concludes
2014 Article IV Consultation on Euro Area Policies – IMF
IMF Survey:
Eurozone: More Reforms Needed to Strengthen Recovery – IMF
Euro Area
Policies: Selected Issues – IMF
Euro Area
Policies: 2014 Article IV Consultation – IMF
Euro Area –
Q&A on QE – IMF
IMF Touts
Quantitative Easing Benefits for ECB – WSJ
IMF warns
further shocks would stall euro zone recovery – Reuters
MACRO
NUMBERS
Industrial
production down by 1.1% in euro area and EU28 – Eurostat
Euro zone
industry stumbles in May, recovery still frail – Reuters
UNITED STATES
Should
the Fed crash the economy now to prevent a crash later? – Noahpinion
What to
Watch in Fed Chairwoman Janet Yellen’s Testimony This Week – WSJ
Can't
Get a Job From an Algorithm, or So It Seems as Hot Resumes Go Nowhere Fast – BB
The Beveridge
curve in the latest recovery has shifted out to the right, a graphic
representation of a statistical fact: There’s a higher level of job vacancies
for a given level of unemployment.
ASIA
Parity?
What parity? There's none between Chinese and US buying power – TradingFloor
Purchasing
power parity lacks meaning in the China context * Equations cannot capture
the odd, the different, and the unexpected * China’s own statisticians see the concept
as 'controversial'
BOJ to
stick to recovery scenario despite tax hike impact – Reuters
The Bank of
Japan is set to maintain its stimulus program on Tuesday and its projection
that inflation will approach its 2 percent target next year, unfazed by recent
data casting doubts over its scenario of an investment-led economic recovery.
China’s Local Governments Pile On
Stimulus – BB
China’s regional governments are starting
to pull out their own stimulus cards to shore up growth as central authorities
limit aid for the economy.
OTHER
Da Costa’s
Take: Fed Minutes Show Some Worries About Financial Stability * Rate Debate
Heats Up Among Fed Officials * Bank of Canada Chief Looking Beyond Models to
Probe Economic Challenges * Not Enough U.S. Workers Quitting * At Bundesbank, a
New Approach to Transparency
Central
Banks Calendar for Week – WSJ
Commodities
Reverse Their Gains!
– Short
Side of Long
Commodity
rally is in reversal, as CCI trades below 200 MA * The grand daddy of all
commodities has now sharply reversed! * Can metals like Copper continue higher
with selling pressure? * Grains have been slaughtered, with Wheat making 4 year
lows * Cotton has crashed all the way back to middle of 2012 lows
FINNISH
Teollisuuden liikevaihto supistui helmi-huhtik. reilun
prosentin YoY – Tilastokeskus
Palvelujen liikevaihto kasvoi helmi-huhtikuussa 1,8% YoY – Tilastokeskus
Inflaatio kesäkuussa 0,9 prosenttia – Tilastokeskus