Follow ‘MoreLiver’ on Twitter
EUROPE
What
Merkel wants from Trump – Politico
Sovereign
spreads in the Eurozone: Redenomination versus political risk – vox
Italian
debate on merits of ditching euro grows louder – FT
Bank
of England maintains neutral stance with hawkish twist – Danske
Bank
NETHERLANDS ELECTIONS
Dutch
Election Results – PM Rutte’s VVD beats them all – ABN AMRO
How
to lose but win: 5 takeaways from the Dutch election – Politico
Wilders
Defeat Is No Reason for Complacency – BB
The
Dutch want more Europe, not less – Nordea
Dutch
election: First defeat for populists in Europe – Danske Bank
"Relief
For Europe": Wall Street Analysts React To The Dutch Election – ZH
UNITED STATES
If there is One Thing Investors and Foreign Officials should Know about the US... – Marc Chandler
If there is One Thing Investors and Foreign Officials should Know about the US... – Marc Chandler
TRUMP’S
BUDGET
Military wins in first
Trump budget; environment, aid lose big – Reuters
Factbox: Trump budget
boosts military, slashes domestic programs – Reuters
Winners and losers in
Trump’s budget – Reuters
Goldman Warns:
"More Notable For What's Not Included" – ZH
FEDERAL RESERVE
Economists React: ‘An Opportunistic Federal Reserve Raises Rates’ – WSJ
Fed prefers to
wait-and-see – ABN AMRO
The Fed Raises a
Rate—But Faster Tightening Depends on Congress – PIIE
Editorial: Needed Soon
From Fed: Normal Monetary Policy – BB
FOMC Review – Daiwa
Markets react well to
Fed hike – Pictet
Market’s Dovish Reaction
to the Fed May Have Even Surprised the Fed – WSJ
OTHER
BoJ:
no action but loose policy still desired – Nordea
G20
to sidestep trade issue due to discord with U.S.: Schaeuble – Reuters
China
treads closer to a day of debt reckoning – FT
REGULARS
The Fed raised rates as expected but
its dovish comments hurt the US dollar and boosted precious metals. Meanwhile
oil prices have rebounded on an unexpected drop in US crude inventories.
Dutch spurn populist Wilders,
Obama’s letter to a monk, and the New Zealand river given legal status as a
person
Dutch Rebuff Nationalists, City’s
View on Bank of England, Fed Enters New Phase
Dovish Fed and no Dutch upset
derailed the dollar * Norges Bank, BoE and SNB today * A significant rally in
US Treasuries * USD undermined by plunge in real rates
The People's Bank of China swiftly
raised rates on its short-term funding operations for banks after the US
Federal Reserve hiked the Fed funds rate by a quarter point. Perceived Fed
dovishness sparked a rise in US stocks which spilled over into Asian equity
markets on Thursday. Commodities rallied in Asia after the Fed's hike.
The right-wing populist Geert
Wilders got far fewer votes than expected in the Dutch election, which allowed
market participants to search for risk. The US Federal Reserve's dovishness
that came with a quarter-point rate hike had the same effect.
Daily Market Comment –
Marc
Chandler
Greenback Consolidates Losses as
Yields Stabilize
10 things you need to know before the opening bell – BI
Global Stocks Soar To Record Highs
On "Dovish" Fed, Dutch Vote
The US Federal Reserve raised
interest rates as widely anticipated on Wednesday and adjusted policy forecasts
higher but not as high as the market had expected and the USD knee-jerked
lower. While the move was sharp and large is there much more to wring out of the
story?
FINNISH
Hollanti valitsi Euroopan * Fed nosti ohjauskorkoaan
odotetusti 25 korkopisteellä * USA:ssa otetaan tänään uudelleen käyttöön
velkakatto * Tämän päivän tärkeimmät tapahtumat ovat Englannin, Sveitsin ja
Norjan keskuspankkien kokoukset