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If Spain didn’t need capital controls, why would anyone? – FT
Why Italy's banking crisis will shake the eurozone to its core – The Telegraph
Britain’s long and difficult divorce from Europe – BlackRock
Squaring the Circle: Can Article 7 be Used to Force Article 50? – Marc Chandler
Turkish Currency, ETF Fall on Coup Attempt – WSJ
3000 detained as PM hails country under “complete control” – FT
Turkey’s feckless plotters – Politico
Erdogan Vows to Punish Rebels as Leaders Say Coup Foiled – BB
Turkey’s coup, explained in under 500 words – vox
Turkey’s Failed Coup: Economists and Strategists React – WSJ
Erdogan's Opportunity After the Coup – View / BB
Some Thoughts on Turkey – Marc Chandler
Data Dump – Tim Duy
Generally solid data sufficient to keep the prospect of a rate hike or two alive for this year. But soft or mixed enough on key points to lean policy closer to the former than the latter.
FX: cautious – Nordea
Have equity Markets gone too far, too fast? Maybe. Lack of positive drivers short term is a risk. EUR not a "safe haven" as used to be, USD prevails. GBP, AUD exposed, while JPY may get stronger before resuming weakening.
Week Ahead – Marc Chandler
EMU Returns to Center Stage in the Week Ahead
Danske Daily – Danske Bank
China housing cools, May may wait, No coup for you * Turkish coup attempt triggered risk-off moves * British PM May awaiting “UK approach” until Article 50 * JPY weakened most since 1999 last week
Morning Markets – TF
This week starts in the shadow of both Friday's terrorist attack on France and the Turkish coup attempt. Ankara however was able to retake control of the country and this has erased 80% of the sudden spike seen in USDTRY in the immediate wake of the coup.
Coup in Turkey Repulsed, Risk-Appetites Return
Daily Market Comment – Macro Man
Difficult times in Turkey
Daily Market Comment – Polemic’s Pains
Turkey. Markets think it’s all over. It certainly is not.
Daily Press Summary – Open Europe
Brexit Minister Davis suggests new EU migrants could be sent home * Fox aims for dozen new trade deals with non-EU countries to come into effect on 1 January 2019 * EU Commission Vice-President: Too early to say whether City will lose dominant role in euro clearing business * EU fears crackdown by Erdoğan in wake of botched coup attempt * Italian Europe Minister expresses preference for Norway-style UK-EU relationship after Brexit * Sturgeon: Scotland is in a very, very strong position in intra-UK Brexit talks * Majority of people do not want a second referendum on Brexit deal * Johnson: UK will retain leading role in European co-operation * Brexit will make NHS safer says President of RCS
Brussels Playbook – Politico
Turkey’s Reichstag fire — Milk money — Juncker tax jam
US Open – ZH
US Futures Rebound Sharply From Friday's Coup Fears, Focus Shifts To M&A
Frontrunning – ZH
FX Update – TF
Markets have stabilsed again after a late Friday dip on news of the attempted coup in Turkey. Attention turns today to a BoE speaker discussing the Brexit's effect on monetary policy and later this week to the ECB and Europe's banks.
From the Floor – TF
Last week's Bank of England decision to hold interest rates steady saw the GBP spike from its post-Brexit range but there is little doubt that stimulus is forthcoming – the question is what form it will take.
Aamukatsaus – Nordea
EKP:n nykyiset ostot tulevat tiensä päähän * Vallankaappausyritys lisää epävarmuutta Turkin markkinoilla * USA:n kesäkuun vähittäismyynti yllätti positiivisesti * Saksan 10 vuoden valtionlainakorko nousi nollan yläpuolelle