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Tuesday, May 2

2nd May - European optimism





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EUROPE
The Euro-Area Recovery, in Five Charts – BB
Greece's Deal With Creditors Paves Way for Debt Relief Talks – BB
Italy Is Europe's Next Big Problem – BB

  EUROPEAN CENTRAL BANK
ECB should talk in June about 2018, eventual QE exit: Nowotny – Reuters
QE details: Purchases in Germany still biased towards the short end – Danske Bank
Use of Eurosystem’s monetary policy instruments and operational framework since 2012 – ECB


UNITED STATES
Trump Weighs Breaking Up Wall Street Banks, Raising Gas Tax – BB
Transcript: Trump Interview – BB
Fed set to leave interest rates unchanged, may hint at June hike – Reuters
US Labour Market Monitor: Slowing but still tightening – Danske Bank


OTHER
China leading indicators - the slowdown is a reality – Danske Bank

REGULARS
Morning Report APAC – TF
Asian markets were largely higher on Wall St leads where the Nasdaq closed at a record high.|
The RBA's monetary policy decision will be a key focus today.

FirstFT – FT
Leaks from meeting at Number 10 threaten to poison Brexit talks * The British government has accused the European Commission of seeking to ‘punish’ the UK over Brexit

WSJ City – WSJ

Danske Daily – Danske Bank

Eye-Opener – Nordea
PMI day * Prospects of US ultra-longs weighs on treasuries * The USD lacked direction with European markets closed due to labour day

Morning Markets – TF
The CBOE Volatility Index or VIX tumbled to its lowest US close since February 2007 at 10.11 pushing the Nasdaq Composite to its sixth consecutive record close and boosting the S&P 500 by 0.2%. European shares are expected to open higher in the wake of the strong US showing.

From the Floor – TF
A dramatic weakening in the Japanese yen reflects risk-on sentiment sweeping across global markets, and strong quarterly earnings are contributing to the generally strong tone.

Daily Market Comment – Marc Chandler
Dollar and Yen Heavy, Equities Trade Higher and Bonds Lower

Brussels Playbook – Politico
Commission half time — Disaster Brexit dinner — Malta snap election

Five Things You Need to Know to Start Your Day – BB

10 things you need to know before the opening bell – BI

US Open – ZH
Global Stocks Hit All Time High As Fed Meeting Begins

Frontrunning – ZH


FINNISH
Aamukatsaus – Nordea
Huoli bonditarjonnasta työnsi USA:n korot nousuun * Joukkovelkakirjamarkkinoilla myyntipaineita * Euro edelleen nousussa * Tällä viikolla julkaistaan useita ostopäällikköindeksejä