EUROPE
ITALY
Brussels
warns Italy it is in breach of EU budget rules – FT
Censure
from European Commission risks sparking fresh row with anti-establishment
government
Italian
Stocks, Bonds Slide After EU Triggers Disciplinary Process Over Public Debt – ZH
Italy
revives ‘alternative currency’ proposal – FT
Parliamentary
vote emboldens Rome’s Eurosceptics, fuelling ‘Italexit’ chatter
Italy:
The stars are falling
– Nordea
Italian
political risks are very real, and heightened uncertainty is set to burden the
overall economic outlook further and hit Italian bonds. The situation is likely
to get worse before getting better. Early elections may be ahead.
There's
Only One Way to Fix Italy's Mess – BB
The
weak coalition is in no position to decide whether to appease Brussels or
confront it. A new election should provide some much needed clarity.
EUROPEAN CENTRAL BANK
A
Peek at the ECB Stimulus Toolkit as Inflation Pessimism Mounts – BB
Governing
Council is holding two-day policy meeting in Vilnius * Generous bank loans
expected, rates may stay lower for longer
Ferdinando
Giugliano: The ECB Is Looking Increasingly Powerless – BB
With
forward inflation measures close to lows, Frankfurt has a problem. Draghi
should be generous on cheap bank loans and maybe cut deposit rates.
Why
has euro inflation stayed so low? – Pictet
The
euro area headline flash HICP dropped to 1.2% year on year in May from 1.7% the
previous month.
UNITED STATES
Powell
Tells Us What We Should Already Know – Tim
Duy
Mark
Gongloff: Markets Give the ‘Jump to Conclusions’ Mat a Workout – BB
Why
the Fed is reviewing its monetary policy strategy – BlackRock
OTHER
Apple,
Facebook and Google Have Lost the Monopoly Argument – BB
Even
the Americans have woken up to the need to stop Big Tech snapping up any
promising rivals. But big fines are more likely than breakups.
Global
regulators’ net tightens around big tech – FT
As
US watchdogs join investigations, here are the issues already under the
microscope
REGULARS
Five
Things to Start Your Day Asia – BB
Another
Trade-War Salvo * Powell opened the door to a rate cut * Stocks Jump * Australian
Easing * China’s Pipeline is a Game Changer
Eco
Day Asia
– BB
Powell
Opens Door to Cut, Central Banks Poised to Act * Australia’s Lowe signals
another rate cut is on the cards * Why Trump’s promised U.K. trade deal could
be hard to do
Five
Things to Start Your Day Europe – BB
Dovish
Signals * Don’t Forget the ECB * Not the NHS * Global Growth
EU
Open Rundown
– RANsquawk
FirstFT
Daily Briefing –
FT
Brussels
Briefing
– FT
Denmark’s
PM Rasmussen says he would look to shape a centrist government with leftwing
parties
Brussels
Edition
– BB
Brussels
Playbook
– Politico
Danes
head to the polls — Sondland hearts Mogherini — Where are the women?
Danske
Daily
– Danske
Bank
Fed's
Powell opens door for further rate cuts
Eco
Day Europe
– BB
Fed
Inches Toward Cut, ECB Gathering, Trade Deadlock
Euro
wrap-up –
Daiwa
Daily
Market Comment
– Marc
Chandler
Dollar
Remains on Back Foot
Five
Things to Start Your Day US – BB
Rally
time? * Trump ‘not bluffing’ * China target * PMI revisions
US
Open Rundown
– RANsquawk
US
Open
– ZH
Global
Markets Roar Higher After Powell Spikes The Koolaid
Eco
Day US
– BB
Fed
Inches Toward Cut, Trade Deadlock, China Outlook * Mnuchin’s deadlocked China
trade talks hang over pivotal G-20 * Central banks are poised to act as
economic warnings flash
FINNISH
Aamukatsaus – Nordea
Fed seuraa tarkasti kauppasodan vaikutuksia talouteen ja
on tarvittaessa valmis leikkaamaan korkoja talouskasvun ylläpitämiseksi |
Euroalueen inflaatio heikentyi toukokuussa | Pysyykö USA:n palvelusektori
vahvana?