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EUROPE
5 takeaways on a possible Italian bank bailout – Politico
Exploiting Brexit chaos,
Renzi makes a big move to rescue domestic lenders without running afoul of
Brussels.
How Exceptional are Conditions? – Marc
Chandler
Italian banking sector
needs “exceptional conditions” to avoid bail-ins
BREXIT
El-Erian: Imagining the
U.K. and the EU Three Years After Brexit – View
/ BB
Brexit or Fixit – John Cochrane
Brexit Without Tears,
Norway-Style – View
/ BB
The EU Never Made Hearts
Beat Fast in Europe – View
/ BB
How EU Overreach Pushed
Britain Out – Project
Syndicate
Nevermind the Brexit, UK
will emerge with a good trade deal – CNBC
Chance of "No
Brexit" scenario up to 30% - TF
REGULARS
Danske Daily – Danske
Bank
Euro rates update – Nordea
Eye-Opener – Nordea
Brexit fallout, more flight to
safety, high uncertainty remains * Brexit-vote cost the UK its top credit
ratings * Euro-area inflation expectations hit new lows * GBP remains under
pressure
Morning Markets – TF
A no-nonsense England football team
exited the European football championships with grace, style and the minimum of
fuss overnight, demonstrating in an actions-speak-louder-than words kind of way
to the UK political leadership just how to execute a exit.
Euro wrap-up –
Daiwa
Daily Market Comment –
Marc
Chandler
Markets Stabilize on Turn Around
Tuesday
Daily Market Comment
– Macro
Man
Sixteen observations, many of which
are serious
Daily Market Comment
– Polemic’s
Pains
Don't Panic, it's just like EU 2012.
Daily Shot – TF
Britain has now voted to
leave the European Union and the media as well as financial markets are fuming.
Here are some of the charts graphs and (over?) reactions.
Daily Press Summary – Open
Europe
Merkel, Hollande and
Renzi say no talks with UK until Article 50 is triggered, as US warns against
“revengeful” exit negotiations * Remain and Leave supporters say free movement
in current form will be a red line in EU negotiations * Chair of Bundestag’s
Foreign Affairs Committee strongly criticises Juncker while FAZ calls for the
Commission President to resign * May and Boris face off with new Conservative
leader to be in place by early September * Corbyn faces no confidence vote * Markets
show signs of recovery from Brexit falls * French centre-right presidential
hopefuls set out EU reform plans * French PM rejects EU-US free trade deal
Brussels Playbook – Politico
Brexit heat in Brussels
— Parliament coup in the works
US Open – ZH
Global Stocks Rebound, US Futures
Jump On Expectation Of "Coordinated Intervention By Central Banks"
Frontrunning – ZH
The Tuesday Asian
session saw a relief rally after brutal selling yesterday as markets seized on
fiscal stimulus announcements as a ray of hope. As well we may risk a long
period of uncertainty before formal Brexit procedures are taken.
Britain's two largest political
parties remain in turmoil five days after voters elected to quit the EU but
financial markets have regained some equilibrium with stock prices rising and
the pound coming off its 31-low against the dollar.
FINNISH
Aamukatsaus – Nordea
Epävarmuus on
tilapäisesti vallannut markkinat * Britannian luottoluokitusta laskettiin *
Helsingin pörssi tippui eilen seitsemällä prosentilla * EKP:n pääjohtaja Draghi
pitää puheen
Brexit...ja
EU ei uudistu – Arto
Luukkanen
Brexit ei ole
finanssikriisi – Roger Wessman
Brexit aloitti
Euroopan etsikkoajan – Antti Ronkainen