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Thursday, June 7

8th Jun - Nervous day, ECB still in focus


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EUROPE
Ferdinando Giugliano: Italy Can Expect the Full Brexit Treatment – BB
Brussels isn’t going to play ball with Rome’s populists.

Don't Forget Greece – Marc Chandler
The third assistance program formally ends in June and the final payment expected in August.

Merkel warns that EU is at threat from impasse over asylum – FT
German chancellor says impasse over how to handle refugees puts free movement at risk

  EUROPEAN CENTRAL BANK
Is Draghi Risking Everything To Teach Rome A Lesson? – ZH

What do markets now expect from the ECB? – ABN AMRO

ECB rate guidance is likely to be dovish – ABN AMRO

Robert Burgess: Euro Traders Set Themselves Up for a Letdown – BB
Betting on QE's demise leads market commentary.


UNITED STATES
The US economy is doing fine. What are the main risks? – Pictet
While there are plenty of signs we are in the late stage of the business cycle, and while the Fed is tightening policy, we do not expect a recession in the US.

Karl W Smith: Hey Fed, Don’t Be Scared of a Little More Inflation – BB
Even if the economy is at full employment, there’s benefit to letting it run hot for a while.


OTHER
The Big Picture: From boom to cruising speed – Danske Bank
After a strong 2017, the global economy has lost some momentum in 2018. However, the global economy will still grow at a decent pace in 2018-19. Inflation pressures to rise only gradually, prompting cautious monetary policy tightening. The risks to our forecast are tilted to the downside from a possible Italy debt crisis and an escalation of global trade tensions

Goldman Sachs: Tech is not a bubble – FT

Europe To Fine Google Up To $11BN Over Abuse Of Market Dominance – ZH

France Warns Trump It Won’t Sign a G-7 Statement – BB
Macron and Merkel prepare to challenge U.S. at Quebec summit * France seeks progress on tariffs, Iran and climate accord

It’s Trump Against the Developed World as G-7 Frays Over Tariffs – BB
Group of Seven leaders summit taking place in Quebec this week * Steel tariffs, Iran sanctions, climate change are on agenda


REGULARS
EU Open Rundown – RANsquawk

Market Briefing: Daily Markets Overview – Yardeni Research

FirstFT Daily Briefing – FT
Brussels to hit Google, China’s global grid, fossils in fashion

WSJ City – WSJ
Trump to Push Aggressive Trade Agenda at G7, ZTE Nears Life-Saving Deal

“Best of the web” daily charts – Lukas Daalder

Danske Daily – Danske Bank

Daily Market Comment – Marc Chandler
Dollar Pullback Extended Against Euro and Sterling

Brussels Playbook – Politico
Merkel gets blunt — G7 gifts — Old order at NATO

Five Things You Need to Know to Start Your Day – BB

US Open – ZH
Stock Euphoria Prevails Despite Gathering G-7, EM Clouds; Dollar Slides


FINNISH
Aamukatsaus – Nordea
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