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EUROPE
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
OTHER
SocGen: The Fed Is
Raising Rates Too Slowly To Contain Asset Bubbles – ZH
REGULARS
Morning Report APAC – TF
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 Briefing – FT
Barclays charged, Vice gets $450m boost, Chinese lessons for
Hollywood
WSJ City – WSJ
SFO Charges in Barclays Qatar Case, Brexit Bill Spat
Danske Daily – Danske Bank
Eye-Opener – Nordea
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 Markets – TF
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 Floor – TF
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 Comment – Marc Chandler
Officials Fill Vacuum of Data to Drive FX Market
Brussels Playbook – Politico
Gabriel grilling — Brexit wash-up — Portuguese fires
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
Futures, European Stocks Flat As Oil Suddenly Tumbles; Pound Slides
Frontrunning – ZH
FX Update – TF
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.
FINNISH
Aamukatsaus – Nordea
Fed yllättävän
haukkamainen * Dollari vahvistui suhteessa G10-valuuttoihin * Katseet
Pohjoismaiden työttömyyteen * Fedin kolme edustajaa pitää tänään puheet