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EUROPE
If the U.K. votes to
leave on June 23, Paris will push to ensure that consequences are felt swiftly
and severely to avoid emboldening anti-EU forces elsewhere in the bloc, senior
EU diplomatic sources said
UNITED STATES
OTHER
REGULARS
Oil rocks on, USD hit
hard as Bund fights gravity, new financial forecasts * Bund yield bounces from
all-time lows * USD sell off continues as oil rises toward USD 53/bbl * New
financial forecasts
Markets are set to open
on a downbeat note across Europe following a weak Asian session that saw
Japanese equities suffer a sharp fall as disappointing machine orders weighed
on investor sentiment.
Euro wrap-up – Daiwa
Greenback is Mostly
Firmer, but Yen is Firmer Still
From Brazil to Poland to
South Africa emerging market currencies and stock markets are ripping higher.
But behind the happy headlines problems including high inflation and declining
growth continue to plague these economies.
Osborne dismisses
‘project fear’ accusation warning “there is a lot to be scared of” outside the
EU * Citigroup says it will have to “rebalance operations across the EU” in the
event of Brexit * Draghi reiterates his call for further reform and integration
in the Eurozone * Dutch government think tank sees Brexit costing the
Netherlands 1.2% of GDP by 2030 * Prime Ministers of V4 countries: EU better
equipped to face its “many daunting challenges” if UK remains a member * Increasing
support for EU Referendum amongst Danes * New poll shows majority of Londoners
back continued EU membership * MPs expected to approve emergency legislation to
extend EU referendum deadline * RICS poll suggests short-term dip to UK house
prices with referendum uncertainty seen as one factor * Eurozone close to
agreeing disbursement of bailout funds for Greece * Berlin finds talk about
extending Juncker investment plan “irritating”
Brussels Playbook – Politico
Futures Slide On Rising
Dollar As Global Bond Yields Hit Fresh Record Lows
Frontrunning – ZH
Today's Asian session
saw equities fade as the JPY and more notably the NZD gained ground. The
commodities rally also continues apace with precious metals leading the charge.
FINNISH
Venäjän
keskuspankki palaa kevennyslinjalle * Kiinan inflaatio vaimeni * EKP:n
pääjohtaja Draghi puhuu Brysselin talousfoorumissa * Saksan viennin
ennakoidaan laskevan
Eduskunnan
talousvaliokuntassa puitiin keskiviikkona kansalaisaloitetta, joka
peräänkuuluttaa kansanäänestystä Suomen eurojäsenyydestä. Jäsenyyteen
kriittisesti suhtautuva, Suomen Pankista eläkkeelle jäänyt VTT Heikki
Koskenkylä painotti omassa valiokunnalle antamassaan lausunnossa euromaiden
uudistuskyvyttömyyttä mutta totesi myös, ettei maan talouden ongelmia voida
ratkaista pelkällä valuutan vaihdoksella.