Daily
Central Banks – WSJ
Hannon’s
Take: ECB Faces a Marathon, Not a Sprint * U.S. Wages Are Historically Great, Or They’re Awful * PBOC
Guides Yuan Higher as Economy Slows * Swiss Central Bank: Negative Rates Won’t
Become ‘New Normal’ * ECB’s Draghi: ‘Time Is Running Out’ in Greek Bailout
Talks
Daily
Macro – WSJ
It’s
becoming a legitimate question whether Greece’s European Union creditors will
just cut it off – and the relative calm in markets might just give them cover
to do so.
Danske
Daily – Danske
Bank
Global
Daily – ABN AMRO
The
eurozone composite PMI unexpectedly declined in April but still signals healthy
GDP growth in line with our above-consensus forecast * Markets hampered by
weaker global PMI data, but euro gets a Greek fillip
Euro
rates update – Nordea
Eye-Opener
– Nordea
Downside risk
to German Ifo * Greece hopes support EUR, send Greek yields lower
Morning
Markets – TF
Germany's
IFO print is on the agenda at 0800 GMT and this could be a spur for the euro
which is already threatening a potential test of 1.0900 against the dollar at
least and could conceivably have 1.1000 in view if that goes well.
Daily FX
Comment – Marc
to Market
Dollar
Slips Lower into the Weekend
Daily Shot – TF
Today's
news centres on the Middle Kingdom, where stimulus speculation is boosting iron
ore prices and equity markets are outpacing all global competitors.
US Open – ZH
Futures
Fizzle After Greece "Hammered" In Riga, Varoufakis Accused Of Being "A
Time-Waster, Gambler, Amateur"
FX
Update – TF
The euro
pulled higher across the board yesterday as the market looks to the Eurogroup
meeting in Riga for possible further developments on Greece. Elsewhere, the US
dollar is under broad pressure ahead of the weekend.
From the
Floor – TF
We've seen
the dramatic rally in oil continue for the past month at least, and yesterday
was no exception.
Martin
Sandbu’s Free Lunch
– FT
The IMF's
big stick: The fund has whip hand over Europeans in Athens stand-off
FINNISH
Aamukatsaus – Nordea
Kreikka-umpisolmu aukeaa vasta pakon edessä | USA:n ja
euroalueen PMI:t laskussa | Tänään luvassa Saksan IFO-indeksi