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Friday, June 30

30th Jun - Calmer day

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Simon Johnson: A European Economic Miracle? – Project Syndicate

Euro area annual inflation down to 1.3% - Eurostat
Eurozone Inflation Beats Expectations, Yet Euro Is Disappointed – ZH
Euro-Area Inflation Slows as Draghi Urges Prudence in Exit – BB

Rates: When Draghi sneezesNordea
The past two days have recorded sharp intraday moves in European markets, driven by Draghi. While the speech in itself on the margin contained few hawkish elements, it should not have warranted the sharp move observed. Bigger moves after summer.

Oh How The Market Turns – Macro Man
Nowhere to Run, Nowhere to Hide – BB

Morning Report APAC TF
Equities have lost ground today in Tokyo Hong Kong Seoul and Sydney in the wake of falls on Wall St. The S&P 500 and Dow Jones Industrials had their worst one-day declines since May on Thursday as tech stock losses wiped out gains from the banks. Meanwhile it's a busy day for data today.

FirstFT Daily Briefing FT
Market sell-off spreads, Merkel challenges Trump, travel ban returns

Interpreting Central Bankers, Consumer Confidence Slides, EU Faces Budget Battle

“Best of the web” chartsLukas Daalder

Danske DailyDanske Bank

Consumer prices on both sides of the Atlantic today * Yields rose yet again and recorded a sharp bear steepener * EUR keeps strengthening. SEK rose ahead of Riksbank next week

Morning MarketsTF
The recent spate of hawkish central bank talk, most notably ECB president Draghi's Tuesday outing, is washing over asset markets with bonds headed lower and stocks following suit.

From the FloorTF
Stocks and bonds were sold off again on Thursday in a fresh fit of nervousness in a week where the European Central Bank exceeded itself in confusing the financial markets with mixed signals.

Daily Market Comment Marc Chandler
Greenback Stabilizes

Brussels PlaybookPolitico
EU state funeral — Slovenia slams Croatia — US NATO ambassador named

Five Things You Need to Know to Start Your DayBB

10 things you need to know before the opening bellBI

Dollar, Bond "Carnage" Pauses; Global Stocks Rebound Led By Tech Shares


FX UpdateTF
The highest weekly close since early 2015 and a long-term trendline are near current levels in EURUSD ahead of a busy economic calendar next week. Today also features important EU and US inflation data.

Tänään julkaistaan euroalueen inflaatio | Korot ovat nousussa edelleen | Öljyn hinta on toipunut pohjalukemista