EUROPE
Editorial:
Lagarde Is the Right Choice for the ECB – BB
She’s
more than acquainted with the problems Europe’s facing. She’s lived them.
EU
Officials Are Considering Mark Carney for Top IMF Job – BB
BOE
governor is Canadian, but holds Irish and U.K. passports * EU finance ministers
may discuss IMF candidacy next week
A
truce between Rome and Brussels – Pictet
In
its mid-year budget revision, the Italian government lowered its 2019 deficit
target.
Big
Read: Deutsche Bank gambles on a last throw of the dice – FT
Mired
in controversy for years, the lender is set to reveal yet another radical
overhaul. But is Christian Sewing’s plan ‘too little too late’?
Deutsche
is having a Lehman moment in a roaring bull market – FT
Miserable
end to investment bank venture could have been avoided
German
factory data adds to European economic gloom – FT
UNITED STATES
Strong
U.S. Hiring Rebound Dilutes Case for Larger Fed Cut – BB
Wages
slightly below estimates; unemployment rate ticks up * Broad-based hiring spans
services, factories, construction
Don’t
Let the June Numbers Fool You; the Job Market Is Weak – BB
Unemployment
keeps falling because workers keeping dropping out of the labor market.
Strong
US hiring catches economists off guard – FT
Better
than expected labour report puts big rate cut in doubt
Strong
US jobs data shifts rates expectations – FT
Stocks
and bonds fall as investors scale back bets on aggressive interest rate cuts
Fed
faces tougher task in deciding whether to cut U.S. rates – Reuters
U.S.
employers are hiring workers, but that is only making the Federal Reserve’s job
harder.
‘Not
What the Market Wants:’ Payroll Data Is Too Hot for Comfort – BB
Futures
fall on concern about the case for a Fed rate cut * Volatility risk up as data
lands in a holiday-thinned market
OTHER
Historical earnings are a mirage – FT
A new white paper explores how inflation
distorts our perception of market history.
REGULARS
Five
Things to Start Your Day Asia – BB
Eco
Day Asia
– BB
Fed
Jobs Focus, Trade Fight Club, Europe Slowdown Worry * Asian election winners
are grinners, look to fire up economies * Inequality highlighted as 10% of
workers take half of all pay
Five
Things to Start Your Day Europe – BB
EU
Open Rundown
– RANsquawk
FirstFT
Daily Briefing
– FT
Brussels
Briefing
– FT
The
end for Alexis: If the polls are right, the conservatives would score an
outright majority
Brussels
Edition
– BB
Brussels
Playbook
– Politico
Von
der Leyen hits the campaign trail — Tough nuts to crack — Weber settles the
score
Danske
Daily
– Danske
Bank
Eco
Day Europe
– BB
Germany's
Austerity Mindset, U.S. Jobs, Trade War Games * Europe clings to tradition in
aiming for IMF leadership post * U.S. labor report poised to tip scales for
July Fed decision
Daily
Market Comment
– Marc
Chandler
Five
Things to Start Your Day US – BB
US
Open Rundown
– RANsquawk
Eco
Day US
– BB
U.S.
Jobs Day, Europe's Worsening Downturn, Corbynomics * Labor report poised to tip
scales for July Fed decision * Europe’s slowdown looks permanent as German
industry slumps
FINNISH
Aamukatsaus – Nordea
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