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EUROPE
MIGRATION
CRISIS
The Berlin Wall Is Long
Gone. Now a New Divide Threatens Europe – BB
EU to back temporary
halt on visa-free travel – Politico
GREECE
Now or later? Euro zone,
IMF at odds over when Greece should get debt relief – Reuters
Assigning Blame for
Greece's Unbearable Debt – View
/ BB
BREXIT
This Week’s Brexit
Briefing – At A Glance – WSJ
Will Brexit Destroy
Britain and Europe? - Project
Syndicate
G7
MEETING
Friends and Enemies of
Fiscal Stimulus Are Gathering for G-7 – BB
CFR Backgrounder: The
Group of Seven – CFR
Market Impact of Brexit
Is Key Concern for G-7 Finance Chiefs – BB
Lacking new ideas, G7 to
agree on 'go-your-own-way' approach – Reuters
EUROPEAN
CENTRAL BANK
ECB worried about inflation expectations – ABN
AMRO
ECB account of April’s
monetary policy meeting underlines the central bank’s readiness to ease policy
further … as the risks to economic growth remain tilted to the downside …and
the central bank worries about low inflation expectations and second-round
effects of low inflation on wage and price setting. We continue to think that
the ECB will probably further step-up and lengthen its QE programme in the
second half of this year.
Draghi Reaches ECB Stimulus Milestone With Long
Road Ahead – BB
Central bank’s balance
sheet set to pass target set in 2014 * With euro-area inflation lacking, ECB
isn’t ready to slow down
REGULARS
Danske Daily – Danske
Bank
Euro rates update – Nordea
Eye-Opener – Nordea
Brent bounces, Bremain boosts GBP,
Dudley added no fuel to the fire * Podcast on Brexit and the Nordics * No more
fuel to the bond sell-off from NY Fed’s Dudley * Brent oil prices up 3.5%
Morning Markets – TF
The Fed's sudden wave of enthusiasm
for a move on interest rates is likely to get fresh ballast later today when
another Fed member speaks at 1300 GMT.
Daily Market Comment –
Macro Man
Indecision
Daily Shot – TF
The ECB's governing
council feels that the Eurozone's governments are not doing enough. Labor
reforms are especially important.
Daily Press Summary – Open
Europe
BoE may need to cut
rates even if UK remains in EU * IMF says idea of Eurozone buying out its Greek
bailout loans “makes sense” despite not being aware of plans * Polish PM:
Commission has problem with its reputation, not Poland * EU to adopt 'emergency
brake' visa-free travel for non-EU citizens * France to patrol Channel to
prevent migrants crossing to Britain in boats * ECJ ruling could undermine
attempts to keep terror suspects out of the UK * Germans prefer Steinmeier to
Gabriel as centre-left Chancellor candidate
Brussels Playbook – Politico
More MEPs — Turkey’s new
PM
US Open – ZH
Futures Rise As Fed Fears Subside;
Global Stocks Rebound From Six Week Lows
Frontrunning – ZH
The Fed was out again
banging the market over the head to ensure that it prices in the risk of a Fed
hike as early as June as the New York Fed’s Dudley specifically pointed to
highs odds of a June move. The USD was higher but momentum eased somewhat as
the Fed’s plans are still contingent on incoming data.
The US dollar extended
the impressive rally triggered by this week's resetting of US interest rate
expectations and the Fed's William Dudley added his voice to those of his
counterparts indicating that the next Fed tightening move could well come this
summer.
FINNISH
USA:n
asuntomarkkinat kipuavat ylöspäin * EKP:n huhtikuun kokouspöytäkirjassa ei
yllätyksiä * Fedin Dudley piti kesäkuun tai heinäkuun nostoa mahdollisena * Tänään
pidetään G7-maiden kokous