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Tuesday, June 27

27th Jun - Hawkish Draghi





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EUROPE
Europe’s Gradualist Fallacy – Yanis Varoufakis

  EUROPEAN CENTRAL BANK
Mario Draghi: Accompanying the economic recovery – ECB
Draghi sounding a bit more hawkish than we are accustomed to – TF
Euro Surges, Bunds Tumble On Hawkish Draghi Comments – ZH
Draghi Says Stimulus Still Needed Even as Euro Area Reflates – BB
Euro, Bund Yields Extend Spike After Hawkish Draghi Shocks Markets – ZH
Draghi Hints ECB May Stop Or Even Reverse QE - Euro Bounces – Forbes

  ITALIAN BAILOUT
Editorial: Europe's Banking Union Fails Its Latest Test – BB
The gaping contradictions in EU bank bail-out law and policy – Prime Economics
And Yet it Moves: Understanding Why Italy's Threat is Exaggerated – Marc Chandler


UNITED STATES
Morgan Stanley: US stocks are set to continue their record run if inflation stays low – BI


REGULARS 
Morning Report APACTF
Asian markets are mixed following a mixed lead from Wall St as US markets digested weaker durable goods data.

FirstFT Daily BriefingFT
US travel ban win, NZ wins America’s Cup, Yellen in London

WSJ CityWSJ
Questioning Italy’s Bank Deal, Loeb’s Chances at Nestlé, CoCos’ Coming of Age

“Best of the web” chartsLukas Daalder

Danske DailyDanske Bank

Eye-OpenerNordea
Highest German Ifo index ever recorded since data started in January 1991!! * Rates volatility continues to decline. Close to historical lows in US * Central bank speaks in focus

Morning MarketsTF
Human error still matters even in this automated globalised world. At least that's the lesson from the tumble in the gold price brought on by an erroneous 'fat finger' order. Meanwhile local corporate news was the main factor driving Asian markets today as investors waited to see what Janet Yellen has to say in London today.

Daily Market CommentMarc Chandler
Euro Surges on Draghi, While Yuan Rises on Suspected PBOC Action

Brussels PlaybookPolitico
Trade leaks — German ECB ambitions — Greek revival

Five Things You Need to Know to Start Your DayBB

10 things you need to know before the opening bellBI

US OpenZH
"Hawkish Shock" From Draghi, PBOC Intervention Fail To Move Futures As Attention Turns To Yellen

FrontrunningZH
 

FINNISH
AamukatsausNordea
Saksan Ifo-indeksi kaikkien aikojen huipussaan | Useita Fedin jäseniä tänään äänessä | Markkinoilla melko rauhallista

Blogi: Ovatko pankkiunionin säännöt kaikille samat?Nordea
Kukaan ei odottanut, että uusi pankkien kriisinratkaisulainsäädäntö toimisi heti. Mutta avoimuus sääntöjen noudattamisessa – tai noudattamatta jättämisessä – olisi paikallaan.