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EUROPE
Italy's Bank Mess Shows One EU
Ruleset Can't Work, Sweden Says – BB Macron’s economic advisors on VoxEU – voxeu
UNITED STATES
U.S. House nearing passage of bill to fund government, avoid shutdown – Reuters
U.S. House nearing passage of bill to fund government, avoid shutdown – Reuters
FEDERAL
RESERVE
Fed Keeps Rates on Hold
as Slowdown in Growth Deemed Temporary – BB
Fed holds interest rates
steady, downplays economic weakness – Reuters
Fed Shrugs Off
Transitory Weakness, Signals More Rate Hikes Ahead – ZH
Bonds, Bullion Slip
After Fed Sends June Rate Hike Odds Spiking To 94% - ZH
See Markets React to the
Fed in 8 Charts – WSJ
Fed Skips May and Looks
to June – Marc
Chandler
"Fed On
Autopilot" To June Hike, But Dollar Bulls May Be Disappointed – ZH
DATA
ISM Non-Manufacturing
Index increased to 57.5% in April – Bill
McBride
Service Industries in
U.S. Grow at Faster Pace Than Forecast – BB
ADP Says Companies in
U.S. Boosted Payrolls 177,000 in April – BB
U.S. private hiring
slows, services growth speeds up in April – Reuters
REGULARS
NZD could hit 0.70 on the back of strong dairy prices and a welcome drop
in the jobless rate. Meanwhile crude prices have retreated on rising fuel
inventory concerns and grain prices have lost ground.
EU negotiators have revised their initial calculations to maximise the
liabilities Britain is asked to cover
Oil Susceptible to Swift Sell-off, Retailers Battle Weak Pound
A lot in the calendar today: FOMC, Euro-area GDP, French TV debate * Brent
oil testing uptrend * Likelihood of a Fed hike in June: 70%
Cable plunged by over 50 pips overnight as a new analysis from the
Financial Times pointed to a more obdurate Brexit stance from France and
Germany as well as an increased €100 billion price tag.
Daily Market Comment – Marc Chandler
Corporate Cash, Taxes and US Treasury Yields
Brussels Playbook – Politico
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 Dip On Poor US Auto Sales, Apple Miss; Fed Decision On Deck
Frontrunning – ZH
FINNISH
Fed odottaa
kesäkuuhun * Britannian teollisuuden ostopäällikköindeksi ylitti kaikki
odotukset * Euroalueelta julkaistaan ensimmäisen neljänneksen BKT-luvut * Luvassa
Ranskan toisen kierroksen ensimmäinen televisioväittely