Google Analytics

Wednesday, June 19

18th Jun - ECB's dovish surprise #4117

I'm on Twitter.

Euro, Bund Yields Slide, Stocks Rebound As Draghi Clears Way For More Stimulus ZH

Draghi leaves little doubt about policy easing ABN AMRO

Ferdinando Giugliano: Mario Draghi Has Spotted the Real Problem: Europe’s Politicians BB
The ECB chief has promised again to do whatever it takes, but he’s right to be exasperated by the euro zone’s failure to set up a proper common budget.

Trump hits out at Draghi over fresh stimulus signal FT
Euro falls after ECB bond-buying hint triggers US accusation of currency manipulation
Bad Loans Still Too High at Eurozone Banks, ECB WarnsWolf Street
NPLs remain dangerously to catastrophically high in Italy, Greece, Portugal, and Cyprus.

ECB Watch: Draghi will do whatever is leftNordea
Draghi’s message in Sintra was clear: the ECB stands ready to adjust all its instruments, and even come up with new ones, if the economic outlook does not improve. The tool box is not empty but finding effective stimulus measures will be hard.

ECB: Mario strikes againING
ECB president Draghi moves financial markets again, opening the door wide for new monetary stimulus

ECB Rate Cut Is Weapon of Choice as Draghi Threatens ActionBB
Officials said to see rates rather than QE as initial tool * Fed interest-rate cut could also become trigger for ECB action

Mark Gongloff: The Fed Will Make Somebody Unhappy This WeekBB
Expectations are impossibly high, from markets to the White House.

The Yuan and TariffsMarc Chandler
Consensus thinking sees two levers.  One is the US tariff, and the other is the weakness of the Chinese yuan

Facebook unveils global digital coin called Libra – FT
Facebook Introduces New "Libra" Digital Currency With Landmark White Paper – ZH
Will Facebook’s Libra shake up financial services? – FT
Facebook’s Libra is here. Should you Like it? – ING
Facebook’s Libra Wanders Into the Bitcoin Bear Trap – BB
Facebook Wants Its Cryptocurrency to One Day Rival the Greenback – BB

Five Things to Start Your Day AsiaBB
U.S. Meddling * Tech Leads * Blacklist Implications * What’s in a Name? * Most Populous

Five Things to Start Your Day EuropeBB
Policy Path * Oil Drivers * Paris Moxy * Tory Field

EU Open RundownRANsquawk

FirstFT Daily BriefingFT

Brussels BriefingFT
‘Romanian Macron’ favourite to lead new EU force: In the absence of a French candidate, Dacian Ciolos has the president’s backing

Brussels EditionBB

Brussels PlaybookPolitico
Top dogs for top jobs — Juncker’s sausages — Bye bye Bullmann

Danske DailyDanske Bank

Eco Day EuropeBB
Merkel’s ECB Pitch, China Slowdown, Doves Fly Higher * World’s No. 2 economy had a bad run of hard, soft data in May * Australia, Brazil could see more interest-rate cuts soon

Daily Market CommentMarc Chandler
Draghi Ends Calm Ahead of FOMC, Sending the Euro and Yields Down

Five Things to Start Your Day US BB
Central bank-fest * Facebook vs. Bitcoin * Simmering * Plane talking * Markets

US Open RundownRANsquawk

Draghi Unleashes Global Chaos With Preview Of More Stimulus, Prompts Angry Response From Trump

Eco Day USBB
Powell Bets, Recession Watch, Central Banks Take Stage * Powell’s concern over zero rates seen lowering bar for Fed cut * BOJ, Fed, BOE all meet in important week for central banks

EKP:n pääjohtajan puhe aamupäivällä Sintran konferenssissa voi avata EKP:n tulevia liikkeitä | Saksan rahoitusmarkkinoiden luottamusta mittaava zew-indeksi julkaistaan tänään | New Yorkin Fedin teollisuuden luottamus romahti kesäkuussa