Google Analytics

Monday, May 30

30th May - UK, US holiday

Previously on MoreLiver’s:

Follow ‘MoreLiver’ on Twitter

When effort and outcome is not the same thing – the case of Greece Lars Christensen
The Eurogroup statement on Greece, annotated Frances Coppola

Stephen Pope: French fragility to the fore, PM wilts in face of protestsTF
Strike action over labour law reforms brings France to a standstill * France due to host the Euro 2016 football championships in June * French PM opens the door to possible changes in the proposed labour law * In a year’s time, the unions will likely face a tougher, centre-right administration

European Money Doesn’t Like GreeceView / BB

Draghi’s First Good News in a Year Has $267 Billion CostBB
Bloomberg survey sees ECB inflation outlook stable or higher * Draghi holds press conference June 2 after ECB meets in Vienna

Juhani Huopainen: How the ECB plans to fly under markets' radarTF
The ECB will do its utmost to sound moderately optimistic, vigilant * Bank must ease QE constraints at its September meeting * Containing the populists, angry Germans is paramount * ECB's Liikanen hinted at allowing above-2% inflation for a while

Yellen Says Rate Hikes Soon As Need More Ammo "In Case Of Shock" – ZH
Yellen: ‘Probably’ ready to raise interest rates in coming months – WaPo
Yellen Worth the Wait (Mostly) – BB
Yellen Leans Toward Near-Term Rate Rise Without Detailing Timing – BB
Yellen says Fed rate hike likely appropriate in coming months – Reuters
Yellen getting on board with raising rates soon – Nordea

Bond Traders Say Don’t Count Out June Hike After Yellen RemarksBB
Futures markets signal greater probability of move in June * Two-year note in longest losing streak in two months

Fed's Bullard says global markets seem well-prepared for summer rate hikeReuters

Secular stagnation a challenge to monetary policyNordea

EURUSD: gradual or glacial?Nordea

JPY: short term weaknessNordea

FX: finding balanceNordea
The USD gained as Fed hike for summer got almost priced back in. Hopes on China PMI this week. EURUSD at crucial support. Will GBP take a break?

Danske DailyDanske Bank

Euro rates updateNordea

Yellen will raise soon, USD up, hefty week of EGB supply * Swedish GDP and German inflation today * Euro government bonds worth EUR 25bn will hit markets this week * USD gaining on the back of Yellen’s speech

Morning MarketsTF
The dollar's consolidating its strength Monday morning and with Fed officials increasingly looking at a summer hike that's likely to stay the same today when we have a US holiday.

Global Stocks Unchanged; US Futures Rise Above 2,100 As Traders Celebrate Memorial Day

Frontrunning – ZH

FX UpdateTF
The Asian session provided plenty of fireworks overnight as USDJPY jumped to a new 1-month high on talks of a delay to the sales tax hike. As well EURUSD is pushing on the 200-day moving average as the UK and US markets are closed today ahead of a key week for important US economic data.

From the FloorTF
Equities and the USD had strong periods recently and so far it looks as if risk-on mode continues.

Öljy tarjoaa EKP:lle hengähdystauon * Fedin pääjohtaja Yellen puhui koronnoston puolesta * USA:n ensimmäisen neljänneksen BKT-lukuja korjattiin ylöspäin *​ Saksasta julkaistaan tänään toukokuun inflaatio

Jan Hurri: Kun mikään ei riitä – nyt EKP puhuu jo kopterirahastaTalSa
Miinuskorot ja valtionlainaostot olivat vain hetki sitten mahdottomia, nyt ne ovat rahapolitiikan arkea. EKP tunnustelee jo seuraavaa rahaelvytyksen mahdotonta keinoa. Se on helikopterirahoitus.

Brittipäätoimittaja: EU:sta ei tullut Yhdysvallat ilman sähkötuolia vaan Neuvostoliitto ilman vankileirien saaristoaSuomen Uutiset
Britanniassa käydään vilkasta ja rakentavaa keskustelua Euroopan Unionin jäsenyyden tulevaisuudennäkymistä – yli perinteisten puoluerajojen. Keskustavasemmistolaisena tunnetun Guardian-lehden talousosaston päätoimittaja Larry Elliot arvioi EU-hanketta erittäin kriittisesti.