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Tuesday, May 30

30th May - Slow start of the payroll week





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EUROPE 
May Battles Against Complacency as U.K. Election Lead Slips Away – BB
Draghi Worries About U.S. Protectionism as Euro Area Firms – BB
Italy Moves Toward Early Elections as Voting Rules Deal Nears – BB
Germany unleashes on Trump: He has 'weakened' the West – BI
Poll Finds Germans Agree with Trump on NATO – Handelsblatt
Trump's Right: Germany's Trade Surplus Is Too Big – BB


UNITED STATES
Old World Order Is Alive But Unwell After Four Months of Trump – BB

 
REGULARS
Morning Report APAC – TF
Asian markets were in flux this morning without the usual overnight guidance from the US and UK markets. There seems to be a general fear that markets will be under pressure once US borrowing costs rise amid the belief that the US President may not come good on economic stimulation

FirstFT Daily Briefing – FT
May focuses on Brexit, Macron meets Putin and basketball sharing in China

WSJ City – WSJ
BA Disruption Hits Shares, Draghi Cautious on Stimulus

Danske Daily – Danske Bank

Eye-Opener – Nordea
After yesterday’s dovish Draghi, watch out for inflation * US, German and Spanish inflation numbers due * Italian yields rise on increased possibility of early elections * EUR weakens on dovish comments from Draghi

Morning Markets – TF
What once seemed a sure thing for Theresa May's Tories is receding into the middle distance as Labour leader Jeremy Corbyn gains in the polls. The shift is weighing on GBP in dollar terms.

From the Floor – TF
Politics often set the tone for markets. Though political headlines are big these days, not all markets react strongly. The fact that Italian elections will probably be held already in fall put pressure on the euro while gold got more expensive following that news. Equities are not affected by the fear of risk and are trading close to highs while Saxo's Peter Garnry still has a positive view, in particular on European and cyclical stocks.

Daily Market Comment – Marc Chandler
Mixed Dollar as Market Awaits Preliminary EMU CPI and US Jobs

Brussels Playbook – Politico
EU budget — Juncker to testify on tax — Slow Brexit

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
Greek, Italian Risks Weigh On European, Global Markets; Oil, Gold Slide


FINNISH
Aamukatsaus – Nordea
Riksbank kiidättää taloutta * Tänään julkaistaan Ruotsin 1. neljänneksen BKT-luvut * Tulossa USA:n yksityisen kulutuksen inflaatio * Suomen kuluttajien luottamus ennätyslukemissa