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Wednesday, June 21

21st Jun - Bounce after fall




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EUROPE
Euro area: Solid growth, but low inflation remains a headache for the ECB – Nordea
Forget About Brexit, Focus on the Euro Area Future – PIIE

  GREECE
EU Says Greece Needs More Debt Relief Despite Buffer – BB
Editorial: Europe's Unserious Plan for Greece – BB
The latest deal on debt won’t work, and everybody knows it.

  EUROPEAN CENTRAL BANK
The recent evolution of global risks - an assessment – ECB
ECB's corporate sector purchase programme: its implementation and impact – ECB
Communication of monetary policy in unconventional times – ECB
 

OTHER
FX: problems for the carry consensus? – Nordea
U.S. Expands Russia Sanctions as Trump Meets Ukrainian Head – BB
Citi: "Expect Markets To Flounder As Central Banks Try To Exit" – ZH

China shares get MSCI nod in landmark moment for Beijing – Reuters
China gains entry to MSCI’s $1.6tn emerging markets benchmark – FT
China's Elusive Arbitrage Trade Is Back on the Radar After MSCI – BB
Chinese shares included in MSCI index – Nordea

REGULARS
Morning Report APAC – TF
China's A-shares will join MSCI's benchmark indices handing the country's $6.9 trillion stock market a bigger role in everything from ETFs to retirement plans.

FirstFT Daily Briefing – FT
China joins MSCI, attempted terrorist attack in Brussels

WSJ City – WSJ
Oil in Bear Market, China Enters MSCI, Uber CEO Quits

Danske Daily – Danske Bank

Eye-Opener – Nordea
RUB is hit, Oil below 46$. Survey data from Sweden today * Summer reached the Swedish labour market * Inflation expectations drop, with rates following * RUB is again vulnerable

Morning Markets – TF
Mainland Chinese stocks are now a part of MSCI's global equities index meaning that the $1.6 trillion of funds that track the index will now be obliged to purchase the shares.

From the Floor – TF
A further slide in oil prices has driven risk-off sentiment across equity, currency and fixed-income markets. The selloff in oil and other commodities has hit Australian mining and energy shares hard, and the widespread risk-aversion puts the focus on currency pairs such as EURJPY.

Daily Market Comment – Marc Chandler
Heavy Oil Weighs on Yields and Lifts Yen

Brussels Playbook – Politico
Attempted terror in Brussels — EU to target tax advisers — May’s Irish conundrums

Five Things You Need to Know to Start Your Day – BB

10 things you need to know before the opening bell – BI

US Open – ZH
Oil Bear Market Sends Global Stocks, Yields Sliding; Chinese MSCI Addition Fizzles

Frontrunning – ZH


FINNISH
Aamukatsaus – Nordea
Öljyn hinta laski alle 46 dollarin * Ruotsista saadaan luottamuslukuja * Tänään on tiedossa melko vähän datajulkistuksia

EMUn uudet askeleet – Suomen linja vaatii säätöä – EVA
Vihriälä: Kannattaa hyväksyä ehdollinen yhteisvastuu – Verkkouutiset