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Tuesday, May 2

2nd May - European optimism





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EUROPE
The Euro-Area Recovery, in Five Charts – BB
Greece's Deal With Creditors Paves Way for Debt Relief Talks – BB
Italy Is Europe's Next Big Problem – BB

  EUROPEAN CENTRAL BANK
ECB should talk in June about 2018, eventual QE exit: Nowotny – Reuters
QE details: Purchases in Germany still biased towards the short end – Danske Bank
Use of Eurosystem’s monetary policy instruments and operational framework since 2012 – ECB


UNITED STATES
Trump Weighs Breaking Up Wall Street Banks, Raising Gas Tax – BB
Transcript: Trump Interview – BB
Fed set to leave interest rates unchanged, may hint at June hike – Reuters
US Labour Market Monitor: Slowing but still tightening – Danske Bank


OTHER
China leading indicators - the slowdown is a reality – Danske Bank

REGULARS
Morning Report APACTF
Asian markets were largely higher on Wall St leads where the Nasdaq closed at a record high.|
The RBA's monetary policy decision will be a key focus today.

FirstFTFT
Leaks from meeting at Number 10 threaten to poison Brexit talks * The British government has accused the European Commission of seeking to ‘punish’ the UK over Brexit

WSJ CityWSJ

Danske DailyDanske Bank

Eye-OpenerNordea
PMI day * Prospects of US ultra-longs weighs on treasuries * The USD lacked direction with European markets closed due to labour day

Morning MarketsTF
The CBOE Volatility Index or VIX tumbled to its lowest US close since February 2007 at 10.11 pushing the Nasdaq Composite to its sixth consecutive record close and boosting the S&P 500 by 0.2%. European shares are expected to open higher in the wake of the strong US showing.

From the FloorTF
A dramatic weakening in the Japanese yen reflects risk-on sentiment sweeping across global markets, and strong quarterly earnings are contributing to the generally strong tone.

Daily Market Comment Marc Chandler
Dollar and Yen Heavy, Equities Trade Higher and Bonds Lower

Brussels Playbook Politico
Commission half time — Disaster Brexit dinner — Malta snap election

Five Things You Need to Know to Start Your DayBB

10 things you need to know before the opening bellBI

US OpenZH
Global Stocks Hit All Time High As Fed Meeting Begins

FrontrunningZH


FINNISH
AamukatsausNordea
Huoli bonditarjonnasta työnsi USA:n korot nousuun * Joukkovelkakirjamarkkinoilla myyntipaineita * Euro edelleen nousussa * Tällä viikolla julkaistaan useita ostopäällikköindeksejä