Follow ‘MoreLiver’ on Twitter
EUROPE
Can the
Eurozone’s Export Evolution Be Sustained – WSJ
Great
Graphic: Is Contagion Returning? – Marc
Chandler
European
Banks Are Paid To Borrow As Euribor Goes Negative – ZH
GREECE
Greeks
React To Initial Capital Controls And The "Decree To Confiscate
Reserves" – ZH
Ashoka
Mody: The IMF's Big Greek Mistake – View
/ BB
ASIA
REGULARS
Daily
Central Banks – WSJ
Hilsenrath’s
Take: Mr. Dudley Hedges Himself on 2015 Rate Increase * Q&A: India’s Rajan is Looking for More Room to
Cut Rates * Fed’s Dudley: Economic Outlook Too Cloudy to Predict Rate Rise Timing * Volcker
Outlines Plan for Overhauling Financial Regulation * Ex-Toyota Executive Tapped
as New Bank of Japan Board Member
Daily
Macro – WSJ
There’s
near certainty of a Greek default on its obligations and equally high estimates
of a Greek exit from the euro – though there’s insistence at the ECB that the
former won’t lead to the latter. Yet markets are being supported by vast
amounts of ECB liquidity and now fresh infusions from the Chinese central bank
alongside growing relief that the Federal Reserve won’t start increasing
interest rates this summer.
Danske
Daily – Danske
Bank
Global
Daily – ABN AMRO
FOMC’s
Dudley relatively optimistic about US economy going forward and hopeful
for rate hike in 2015 *US consumers
remain confident signalling consumption growth to rebound after weak start * China lowers bank’s reserve requirements
by 100 bp, following further economic weakening in Q1.
Euro
rates update – Nordea
Eye-Opener – Nordea
EURUSD dips
as equities recover, ZEW up * Swedish unemployment down * Core rates edge
higher on risk rally * RUB falls as CBR increases FX funding cost
Morning
Markets – TF
Investors will
get another good look at the state of Europe's largest economy today with the
German ZEW Economic Confidence release. Consensus expects a strong showing, but
traders will have to weigh German strength against Greek risk, especially when
looking at the euro.
Daily FX
Comment – Marc
to Market
Within
Ranges, Dollar Firms
Daily
Shot – TF
Greece is
staring at the chasm once again as the IMF makes it clear that it is not
willing to see any delay in payments and that is only leading to yet more
capital flight as the never-ending standoff continues.
US Open – ZH
Futures
Surge On First Chinese State Bankruptcy, Greek Capital Controls
And Approaching Default
FX
Update – TF
The euro is
under pressure again as news emerges this morning that the ECB is considering
tightening the noose on its support for Greece. Elsewhere, USD rally
needs wings to impress.
From the
Floor – TF
Spreading
like wildfire across markets this morning was news the the ECB is considering
imposing ELA curbs on Greek banks. But while the euro has come under pressure,
overall, the response has been surprising mild – so far.
Martin
Sandbu’s Free Lunch
– FT
The fear of
debt: The problem is not only fiscal
FINNISH
Aamukatsaus – Nordea
Kiina kampeaa asuntojen hintoja takaisin nousuun | Saksan ZEW-indeksi julkaistaan tänään |
Unkarin keskuspankilta tiedossa koronlasku
Matti Viren: Mistä se noususuhdanne tulee? – TE
Raha ja Talous: Tulevan hallituskauden talouspolitiikka
– Image
POLITIIKKA
Toiveet kohdistuvat Juha Sipilään ja muihin
hallitusneuvottelijoihin – Professorin
ajatuksia
Sanna Ukkola: Arvoliberaalien kauhukabinetti – YLE
Jatkojytky ja muita vaalihavaintoja – Takkirauta
Uusi, vihainen vasemmisto – Hannu
Visti
Vaalianalyysi vol.2: Pessimisti ei pety – Ulkopolitist
Liberaali Helsinki ja talous – liberalismi kasvaa kun valtio
maksaa – Tyhmyri