Google Analytics

Friday, June 1

1st June - US jobs, Trump tariff tantrum, Italian and Spanish calm

Follow ‘MoreLiver’ on Twitter

Why Hungary and Poland Rattle Europe's Liberal Order: QuickTake BB

Euro-Area Manufacturing Growth Slows to 15-Month Low in May

Deutsche Bank CoCo Bonds Plunge, Shares Hit Record Low – Wolf Street
S&P Downgrades Deutsche Bank To BBB+ - ZH
Deutsche Bank Bonds Unfazed by Downgrade – WSJ

Mario Draghi Should Steer Clear of Warm Prosecco BB
As the ECB turns 20, inflation offers some reason to celebrate. But let’s not get carried away.

Prime Minister Rajoy Ousted From Power; Sanchez New Prime Minister – ZH
Sanchez Topples Rajoy to Become Prime Minister: Spain Update – BB
Rajoy Falls, Paying Price for Generation of Corruption in Spain – BB

Italy buys back €500m of its debt amid political woesFT
The Italian government has intervened in the market for its own bonds in an apparent bid to ease trading conditions after prices plunged and liquidity froze up amid political turmoil earlier this week.

CDS and redenominationMarkit

Goldman Sachs: "We Would Fade The Recent Rally In Italian Assets"ZH

Italian politics: habemus dealPictet
Italy finally has a government, but its public finances are likely to be soon back in the spotlight.

223,000 Smashing Expectations; Jobless Rate Hits Historic Low As Wages Beat – ZH
May Jobs Report – The Numbers – WSJ
U.S. job growth surges, unemployment rate falls to 3.8 percent - Reuters
Greenback's Inability to Rally on Jobs Report is Noteworthy – Marc Chandler

Perspectives June/July IssuePictet
With key economic and market shifts in prospect, PWM’s return expectations for the next 10 years contain a stark message: annual returns for all major asset classes could be considerably lower than they have been over the past two decades. 

Editorial: Countering Trump’s Aggression on TradeBB
Canada, Mexico and the EU should avoid escalating a needless conflict.

Global: Trade war is on Nordea
Trump’s decision to levy steel and aluminium tariffs on the EU, Canada and Mexico increases the risk of a bigger trade war. Against the background of a global economy already losing momentum, markets are vulnerable to all negative surprises.

Trump's Art of Unpredictability Starts to Backfire OverseasBB
China, Japan, Germany complain over policy reversals * U.S. reliabililty to feature at Singapore security conference

Trump Appeasement Fails, So Trudeau Takes the Gloves Off – BB
Canadian PM fires back on steel, sees no U.S. ‘common sense’ * ‘We’ve all had just about enough of Donald Trump,’ Wynne says

U.S. allies hit back at Washington's steel, aluminum tariffs – Reuters
EU initiates WTO case against U.S. steel, aluminum tariffs: WTO official – Reuters
EU to take action against U.S., China at WTO, Juncker tells German media – Reuters

Market Briefing: Daily Markets OverviewYardeni Research

FirstFT Daily BriefingFT
Italy breakthrough, Rajoy reckoning, Paris v Airbnb

Businesses Sound Alarm on U.S. Tariffs, Coalition Deal Ends Italian Impasse

WSJ EconomicsWSJ
Friends, Neighbors Prepare to Strike Back at U.S. Tariffs

“Best of the web” daily chartsLukas Daalder

Danske DailyDanske Bank

Daily Market CommentMarc Chandler
Ironic Twists to End the Tumultuous Week

Brussels PlaybookPolitico
It’s (trade) war — Will Italy Quitaly? — Rajoy there, matey

Five Things You Need to Know to Start Your DayBB

US Open ZH
Futures, European Stocks Surge Celebrating New Spanish, Italian Governments As Payrolls Loom


Aamukatsaus  Nordea
USA:sta saadaan työmarkkinaraportti | Euroalueen toukokuun inflaatioluvut olivat vahvat | Trump määräsi EU:lle tuontitulleja