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Thursday, June 22

22nd Jun - Quiet ahead of PMIs






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EUROPE
Brexit optimism/pessimism charted – FT
Brexit Negotiations Have Started. Chapter 1: Monnet vs. Churchill – euinside

Integration in the Area of Defence - EU's Military Schengen? – euinside

  EUROPEAN CENTRAL BANK
ECB Economic Bulletin, Issue 4 / 2017 – ECB
The fiscal compact: the Commission’s review and the way forward – ECB
Country-specific recommendations for fiscal policies under the 2017 European Semester – ECB
Which sectors sold the government securities purchased by the Eurosystem? – ECB
Private sector indebtedness and deleveraging in the euro area countries – ECB
Peter Praet Interview with Der Spiegel – ECB
ECB Reveals That 15% Of Its Bond Purchases Directly Funded Companies – ZH
The EU Macroeconomic Imbalance Procedure: Some impact and no sanctions – voxeu


UNITED STATES
Yellen on raising the inflation target – Tony Yates


OTHER
UBS: credit risk is above zero, but markets aren’t fully reflecting it – FT
Populism's Success, in Plain English – BB


REGULARS
Morning Report APACTF
Asian markets were slightly higher in early trade as oil prices rose after falling to a 10-month low overnight.

FirstFT Daily BriefingFT
Oil’s bear market deepens, more Uber upheaval, persuading the holiday refuseniks

WSJ CityWSJ
U.K. Entertains Fantasies on Brexit, Diageo in $700m Tequila Deal

Danske DailyDanske Bank

Eye-OpenerNordea
Brent at USD 45, Norges Bank firmly expected to stay on hold * UK curve sharply bear flattens, with oil otherwise setting the tone * GBP strengthens as BoE chief economist turns hawkish

Morning MarketsTF
There was a temporary respite from the ongoing slide in crude prices during Asian trading today with WTI and Brent crude prices firming slightly. Equities made gains across the region. Meanwhile bargain hunters flocked to equities in Australia driving a rebound in the S&P/ASX200 following Wednesday's plunge.

From the Floor TF
Tech stocks in the US are continuing their rebound and Saxo Bank's Peter Garnry still sees room for further improvement despite high valuations.

Daily Market CommentMarc Chandler
Greenback Goes Nowhere Quickly, While Yen Remains Bid

Brussels PlaybookPolitico
Moscovici for Eurogroup — Summit of everything — New French cabinet

Five Things You Need to Know to Start Your DayBB

10 things you need to know before the opening bellBI

US OpenZH
Europe Slides For Third Day As Oil Attempts A Rebound; US Futures Flat

FrontrunningZH

FX Update TF
We’ve got a bit of sterling volatility on a surprise turn of rhetoric from the BoE’s Haldane yesterday and oil is doing its best to impact key commodity currencies but the majors are scratching around in vain for a catalyst


FINNISH
AamukatsausNordea
Etsi kuvasta ylijäämä - tulossa ensimmäisen neljänneksen tiedot Suomen julkisyhteisöjen tuloista ja menoista * Norjan keskuspankin kokous on tänään * Öljyn hinta tippui alle 45 dollarin