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Thursday, June 30

30th Jun - Boris is out of the game

Previously on MoreLiver’s:

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European Commission Authorized Italian Government to Support Banks WSJ
Program approved under the bloc’s ‘extraordinary crisis rules for state aid’

Germany: 2016 Article IV Consultation – IMF
Germany: Financial System Stability Assessment – IMF
Germany: Selected Issues – IMF

After Brexit, Here’s What’s Next for Europe – BB
Boris Johnson says not running for Tory leader and PM – Politico
Boris Johnson Says He Won’t Run for UK Tory Leadership – BB

Danske DailyDanske Bank

Euro area inflation, Bund yields lower and new financial forecasts * Euro-area inflation to rise to 0.1% y/y * Limited room for 10Y Bund yields to go lower – new financial forecasts * GBP gained against its major peers as markets comes to terms

Morning MarketsTF
Market watchers and investors breathed a sigh of relief today with overnight gains on Wall St flowing through to rises on Asian bourses. But that positive trend made a sudden reversal late in the Asian session as a strong wave of post-Brexit blues flooded markets once more.

Euro wrap-up Daiwa

Daily Market Comment Marc Chandler
Calm Continues, but Rot Below the Surface

Daily Market CommentMacro Man
Asset market returns: A simple response to Fed "tightening" or has all the juice been squeezed out?

Daily Market CommentPolemic’s Pains
Market gasps a breath.

Daily ShotTF
As markets recover from the political shock imposed by Britain's voting to leave the European Union commodities trace their own volatile trajectories on some under-examined factors.

Daily Press SummaryOpen Europe
Gove and Leadsom declare Tory leadership bids as poll finds May would beat Johnson among party members * EU leaders warn UK no access to the single market without acceptance of freedom of movement * French and Spanish leaders reject EU talks with Scottish nationalists * Schäuble’s post-Brexit EU reform plan * Irish and UK leaders will work together for best Brexit outcome, Irish PM says * John Kerry suggests Brexit could be reversed * Rutte willing to sign Ukraine treaty despite Dutch ‘No’ in referendum * Merkel opposes Renzi’s plan to sidestep EU rules to recapitalise Italian banks * German Vice-Chancellor calls European Commission “unbelievably foolish” over decision to sideline national parliaments in EU-Canada free trade deal

Brussels PlaybookPolitico
Who’s up, who’s down — Who will pull the Brexit trigger

Yuan Tumbles, Stabilizes After Reuters Report China Willing To Weaken Currency To 6.80


FX UpdateTF
Global equity markets have largely picked up the pieces and moved on after the Brexit vote last week while the collateral damage is still very evident in global bond and currency markets. A curious state of affairs as the market feels very uncertain on what comes next.

From the FloorTF
The recovery rally seen in the wake of last week's shock Brexit vote has left some investors questioning the validity of the bounce while others look for assets whose trajectories reflect fundamental factors to a greater degree.

Aamukatsaus Nordea
Italia testaa pankkisääntöjen pitävyyttä * USA:n yksityisen kulutuksen kasvu jatkui varsin vahvana * Markkinoilla tasaantumisen merkkejä Brexit-äänestyksen jäljiltä *​ Tänään julkaistaan euroalueen kesäkuun inflaatio

Selvä enemmistö kannattaa Suomen pysymistä unionissa ja rahaliitossaIL

Soinille saattaa nousta haastaja EU-kriitikoistaYLE

Politiikkaradio: Kärhämä Suomen EU-kansanäänestysaloitteestaYLE

Euroopan unionin kriisistä Kansakuntien EurooppaanOlli Immonen