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EUROPE
The Euro Area Falls Short on Fiscal Reform
– PIIE
Left in the dark, ECB policymakers divided
on stimulus options –
Reuters
Six sources said they had not expected
such a strong message [from Draghi] and that there was no consensus on the path
ahead.
New ECB call - rate cut and restart of QE – Danske
Bank
Emperor Draghi’s not naked, the ECB has
corporates (and banks) in CSPP2 – ING
Mario Draghi’s hints at possible new
monetary stimulus has got the market thinking: Has he still got the magic, or
is he just an emperor trying to dress in new clothes? To us it’s clear: He does
have a new tool and the Corporate Sector Purchase Programme 2 could just be
around the corner
Martin Sandbu: Europe
must find its will to power – FT
The bloc could have more geopolitical
influence if it only tried
Meet the Mini-BOT: Italy Will Break Up the
Eurozone
– Mish
UNITED STATES
Fed
holds rates but signals more dovish outlook – FT
Central
bank downgrades its description of the health of the US economy
Fed
Hints At July Cut As Expected, Drops "Patient" Language, Says
"Outlook Uncertainty" Has Increased – ZH
A
Dovish, but cautious shift from the Fed – ING
The
Fed has opened the door to rate cuts, but it may not be as aggressive as the
market expects. For now, we're sticking to our recently revised forecast for
rate cuts in September and December, but if the data deteriorates and President
Trump and President Xi's meeting next week goes badly, we're open to moving
that to July and September
OTHER
Activity
data in May point to continued weakness in Chinese economic momentum, with
growth in both fixed-asset investment and industrial production slowing last
month.
The
Big Read: How Hong Kong defied Xi Jinping – FT
The
Chinese leader has been given a ‘bloody nose’ by protesters. How will he react?
REGULARS
Five
Things to Start Your Day Asia – BB
Glimmer
of Trade Hope * In the Green * Sorry Not Enough * More Crypto * Max Win
Eco
Day Asia
– BB
Demoting
Powell, China's Rainbow Economy, `No One Died' * Bracing for a long trade war,
Chang Shu analyzes China outlook * China critic gives an insight on White
House: Terms of Trade
Five
Things to Start Your Day Europe – BB
Mario’s
Salvo * Your Move, Jay * Trump Check * Johnson’s to Lose
EU
Open Rundown
– RANsquawk
FirstFT
Daily Briefing
– FT
Brussels
Briefing
– FT
Strictly
Come Spitzenkandidaten: Donald Tusk is doing everything he can to engineer a
deal this week
Brussels
Edition
– BB
Brussels
Playbook
– Politico
Staying
hydrated — New Socialist supremo — Passport problems solved
Danske
Daily
– Danske
Bank
The
Fed set to continue the global easing bias
Eco
Day Europe
– BB
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 Comment
– Marc
Chandler
Five
Things to Start Your Day US – BB
Powell’s
still here * The meet is on * Tories’ Got Talent * Markets
US
Open
– ZH
Global
Markets Drift Amid Concerns The Fed May Disappoint
Eco
Day US
– BB
Fed
Decision Day, Trump's Currency War, U.K. Inflation * Fed seen holding rates but
signaling cut by losing patience * As trade tensions simmer, Trump adds
currency wars to the mix
FINNISH
Aamukatsaus – Nordea
Draghi viesti uudesta elvytyksestä, tekeekö Powell tänään
saman? | Trump loi toivoa kauppasodan suhteen sanomalla tapaavansa presidentti
Xin G20-kokouksen yhteydessä | Saksan rahoitusmarkkinoiden luottamus laski
odotuksia huomattavasti enemmän