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Monday, July 10

10th Jul - Back to nervousness





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EUROPE
Editorial: Italy's Migrant Crisis Is Europe's Problem – BB
Muddling through- The impact of European crises on Euroscepticism – Open Europe
ECB Officials Disagree on How Much Is Too Much for Stimulus Plan – BB
Schäublenomics – FT



UNITED STATES
  FEDERAL RESERVE
Fed’s dilemma: low unemployment and inflation at the same time – Danske Bank
Slower US inflation isn’t just the result of “transitory” factors – FT
Monetary Policy Report – FED
Fed Warns "Valuation Pressures Have Increased Further" – ZH


OTHER
Monthly Investment Strategy Highlights, July 2017 – Pictet
BofA: "Massive Market Inflection Point Coming This Summer: Will Lead To Fall Crash" – ZH
Deutsche: Visualizing "Conundrum 2.0": This Is What The Fed Is Missing – ZH
Deutsche Sees Trouble Ahead for the World's ‘Frothy’ Stock Markets – BB
Q2 Earnings Preview: After Strong Q1 Guidance, Weakness In Q2 – ZH
FX Strategy: G10 MEVA: EUR/USD gravitational pull kicks in – Danske Bank
Macro Monday: Here comes the USD – TF
SocGen Asks: "Is It Groundhog Day, Or Goldilocks And The Three Bears?" – ZH
The 125 most important finance people you have to follow on Twitter – BI


REGULARS
Morning Report APACTF
Asia stockmarkets have followed the US lead in early trading shrugging off fears of bond devaluations across the globe and moving higher this morning using US jobs data as the impetus

FirstFT Daily BriefingFT
Brexit bill backlash, Lake District’s heritage stamp, art of being fired

WSJ CityWSJ
Low Inflation Vexes Central Banks, Stick With European Stocks as Bonds Wobble

“Best of the web” daily chartsLukas Daalder

Danske DailyDanske Bank

Eye-OpenerNordea
G20 agreed to disagree, inflation numbers awaited, JPY weaker * Important inflation data this week * Or will Yellen steal the show? * G20 compromise of little importance

Morning MarketsTF
Asia-Pacific equity markets rose broadly on Monday with help from a higher Friday close on Wall Street and signs of stabilising oil prices. The Japanese yen weakened through 114 to the US dollar.

From the FloorTF
Precious metals prices are headed sharply lower as bond yields continue to rise with Saxo commodities head Ole Hansen pointing to the March low of $1,195/oz as the key level to watch in gold. Meanwhile, Fed chair Janet Yellen prepares to testify before Congress midweek.

Daily Market Comment – Marc Chandler
Firm Dollar Tone may be Challenged by Softer Yields

Brussels PlaybookPolitico
G20 hangover — May relaunches amid plots — Eurogroup agenda

Five Things You Need to Know to Start Your DayBB

10 things you need to know before the opening bell BI

US OpenZH
Global Stocks Rise Amid Strong Economic Data; Yen Drops To 2 Month Low As Oil Resumes Slide

FrontrunningZH

FX UpdateTF
The slow unwinding of the era of great monetary policy excess continues as the Bank of Canada will be the first central bank among the G10 currencies to join the Fed in hiking rates when it meets on Wednesday. Fed chief Janet Yellen's testimony to Congress will be another closely watched event this week.


FINNISH
AamukatsausNordea
Päähuomio inflaatiossa - tällä viikolla tulossa useiden maiden inflaatiolukuja | USA:n työmarkkinaraportti oli kaksijakoinen | Tänään julkaistaan euroalueen sijoittajien luottamus