Previously on
MoreLiver’s:
Follow ‘MoreLiver’ on Twitter
EUROPE
Merkel and Juncker Unite Against Europe's
Dreamers – BB
German conservatives against another term for
Martin Schulz – Politico
Europe Sanctions Spain, Portugal Over Deficits
While Ignoring France, Italy – ZH
Account of the monetary policy meeting – ECB
ITALIAN
BANKS
Italian banks, this is
euro area politics. We think you already know each other? – FT
Editorial: Avoiding
Europe's Next Banking Crisis – View
/ BB
Return of the Repressed:
Europe's Unresolved Banking Crisis – Marc
Chandler
Italian banks are the
new Brexit – The
Economist
Italian Banks Crash To
New Lows Despite Passing Self-Defined Stress-Test – ZH
BREXIT
Brexit Is in Limbo, If
Britannia Waives the Rules – View
/ BB
Stiglitz: From Brexit to
the Future – Project
Syndicate
Post-Brexit Uncertainty
Increases – PIIE
5 Things Investors Can
Learn From Brexit Shock – WSJ
Could Brexit be a
unifying moment for Europe? – Europp
Wolfgang Schäuble: No
Brexit impact on German economy – Politico
Former BOE Governor
Confident About Carney and London After Brexit – WSJ
Adair Turner: The Brexit
Alarm – Project
Syndicate
UNITED STATES
JOBS
REPORT
5 Things to Watch in the June Jobs Report – WSJ
El-Erian: Why the U.S. Needs a Strong Jobs
Report – View
/ BB
BOND
YIELDS
Yields hit record lows,
no hike until 2019 expected – Larry
Summers
El-Erian: 3 Things to
Know About Record-Low U.S. Yields – View
/ BB
Noah Smith: Fed Rates
Are the Wrong Tool to Fight Bubbles – View
/ BB
FED
MINUTES
FOMC Minutes – FED
Fed minutes: a cloudy US
economic outlook – ABN
AMRO
Fed to ‘wait and see’
for even longer due to Brexit – Danske
Bank
REGULARS
Danske Daily
– Danske
Bank
Eye-Opener
– Nordea
Brent buoyant, Bullish bourses,
Beppe benefiting * US labour market teasers today * FOMC minutes revealed
Brexit and payrolls worries * Business as usual at the Riksbank
Morning Markets
– TF
Shares in Tokyo headed lower again
today deepening Wednesday's tumble. The rising yen deserves much of the blame
for that prompted at least in part by the Brexit aftermath. Even higher crude
prices and an overnight rise on Wall Street failed to cheer Japanese investors.
Meanwhile Australia's S&P/ASX200 gained ground thanks to a bounce for
resources and the big banks.
Euro wrap-up – Daiwa
Daily Market Comment
– Marc
Chandler
Sterling Bounces Two Cents, but Does
not Appear Sustainable
Daily Market Comment –
Macro
Man
The Good, the Bad, and the Ugly
Daily Press Summary –
Open
Europe
French government moves to attract
finance to Paris following Brexit * Slovakian PM calls for sober EU response in
wake of Brexit vote * Final two in Conservative leadership contest expected to
be known after 4pm today * MPs pass motion calling on government to guarantee
rights of EU migrants in Britain * Drownings in the Mediterranean rise as
people traffickers send more boats * Italy and EU Commission still in talks
about bank recapitalization * French Budget Minister sees marginal impact of
Brexit on France’s GDP growth * Frustration with EU will push China to make
trade deal with UK, Chinese official says * University projects hit by Brexit
uncertainty
Brussels Playbook
– Politico
Almedalen festival — Poroshenko the
believer
US Open – ZH
European Stocks Storm Higher As Bank
Fears Subside; US Futures Flat
Frontrunning
– ZH
FX Update
– TF
The market snapped up greenbacks in
the wake of a surprisingly strong May ISM non-manufacturing survey release
yesterday but as the news and listless FOMC minutes rhetoric failed to budge
the Fed outlook the reaction quickly fizzled. Does this suggest a high bar for
USD bull’s on Friday’s US employment report?
From the Floor
– TF
A touch of optimism has crept into
Europe this morning. Bourses in the region are mostly higher and bond yields
are gently ahead in the wake of a data-fuelled Wall Street rally yesterday.
FINNISH
Aamukatsaus – Nordea
Epävarmuus
valtasi Britannian * USA:n palvelusektorin luottamus yllätti kesäkuun osalta
positiivisesti * Ruotsin keskuspankki piti korot odotusten mukaisesti ennallaan
* Punta jatkoi heikentymistään
Kuinka suuri aukko Italian pankkien
taseessa? – Roger
Wessman