Google Analytics

Tuesday, June 20

20th Jun - Oil, stocks slip

Follow ‘MoreLiver’ on Twitter

UK walks into Brexit talks with unprepared negotiators, but the EU side isn't – BB

Merkel Signals Openness to Eurozone Reforms – WSJ
Structural asymmetries and financial imbalances in the eurozone – ECB
Domestic and global drivers of inflation in the euro area – ECB
When do countries implement structural reforms? – ECB

SocGen: The Fed Is Raising Rates Too Slowly To Contain Asset Bubbles – ZH

Morning Report APACTF
Crude prices have taken a tumble extending recent declines after Libya lifted output and US drillers boosted their rig count. Meanwhile the tech rally on Wall St has had a mixed impact on Asian markets today.

FirstFT Daily BriefingFT
Barclays charged, Vice gets $450m boost, Chinese lessons for Hollywood 

SFO Charges in Barclays Qatar Case, Brexit Bill Spat

Danske DailyDanske Bank

USD, UST and equities higher on hawkish Dudley * Fedspeak today’s highlight? * Risk aversion decreases as core yields move higher, and peripherals go lower

Morning MarketsTF
Japanese equities climbed on Tuesday after US tech stocks swung back into favour and the Dow and S&P 500 reached new record highs on Monday. Other Asia-Pacific shares were mixed with Australian financial stocks hit by a Moody's downgrade for the country's "Big Four" banks and the Shanghai Composite roughly flat.

From the FloorTF
US equities, and tech stocks in particular, rallied powerfully on Monday, and Saxo Bank equities head Peter Garnry notes that "no clear catalyst for a correction exists" despite the lack of an obvious external factor behind the surge.

Daily Market CommentMarc Chandler
Officials Fill Vacuum of Data to Drive FX Market

Brussels PlaybookPolitico
Gabriel grilling — Brexit wash-up — Portuguese fires

Five Things You Need to Know to Start Your DayBB

10 things you need to know before the opening bellBI

US Open ZH
Futures, European Stocks Flat As Oil Suddenly Tumbles; Pound Slides


FX UpdateTF
Comments from Fed officials boosted US rates and the dollar as perhaps did a broadly strong risk appetite. EURUSD and USDJPY look like the most obvious candidates for a bit more USD consolidation in a news vacuum but we’ll need solid US data and re-emergence of the "Trump trade" for any major revival in the greenback’s fortune.

Fed yllättävän haukkamainen * Dollari vahvistui suhteessa G10-valuuttoihin * Katseet Pohjoismaiden työttömyyteen * Fedin kolme edustajaa pitää tänään puheet