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EUROPE
The Euro Zone Needs
Better Shock Absorbers – BB
Behind the Potemkin
Village of EU Bank Regulation – BB
Carney Says BOE May Need
to Remove Stimulus as Slack Erodes – BB
Italy Handed Bank
Bondholders a Bailout and a Bunch of Questions – BB
Draghi signals slow exit
– ABN AMRO
ECB Tells Market 'You
Misjudged Draghi's Comments' – ZH
Draghi Tried to Be
Cautious But Spooked the Market Anyway – BB
ECB Sets Record Straight
After Draghi's Reflation Talk Sparked a Sell-off – BB
Monetary developments in
the euro area: May 2017 – ECB
EZ bank credit flows
rose again in May – Pictet
UNITED STATES
OTHER
Several market variables
are telling a less benign story than that of suddenly hawkish central banks.
Indeed, why have seven G10 central banks suddenly turned hawkish? Something has
got to give...
REGULARS
Comments from central bankers have impacted equity and FX markets. The
Fed's Janet Yellen noted that some assets have become "rich" sparking
falls on Wall St. Meanwhile the euro has surged on hawkish comments from Mario
Draghi.
Latest global cyber attack, bank stress tests, Trump’s fake magazine
cover
Fund Managers Face FCA Shake-Up, Nestlé’s $20.8 Billion Buyback, Draghi
Pivot Hits Home
Draghi mentions policy parameter adjustment * Yields soar on an
optimistic Draghi - 10-year Bund up by 12.5bp * EURUSD hits 10-month high as
IMF reduces US growth forecast, CHF rises on Nestlé CHF 20bn buyback
US president Donald Trump's ability to move legislation through the
Washington "swamp" is in focus again as Republican Senate majority
leader Mitch McConnell pushed back a vote on the party's healthcare reform bill
due to lack of confidence that they could secure the win.
Markets across asset classes staged an ugly session on Tuesday, and the
Nasdaq slipped into fragile territory below its 50-day moving average. But the
euro went on a "rip-roaring rally" after European Central Bank president
Mario Draghi's remarks about inflation caught the FX markets off guard.
Draghi's Sparks Mini Taper Tantrum, Euro Chief Beneficiary
EU’s internet queen — Budget stick — Sun setting on Cyprus deal
Euro Surges As Europe Stocks Slump; Yields Rise After Central Bankers
Spook Markets
ECB president Draghi’s relatively muted hawkishness – more of an
expression of confidence that things are taking a turn for the better – was
seized on for a reason to bid the single currency sharply higher. Meanwhile the
ugly risk-off combination of weak bonds and weak equities hit carry trades the
hardest and NZD the most among DM.
FINNISH
EKP:n Draghi
kommentoi euroalueen inflaation hitauden olevan väliaikaista | Euroalueen korot
nousivat ja euro vahvistui muita päävaluuttoja vastaan | Suomen teollisuuden ja
kuluttajien luottamus vahvistui kesäkuussa