EUROPE
EU Regional Aid Set to Shrink Under Plan Rebuked
by East Members – BB
European Commission
seeks changes to aid eligibility criteria * Post-Brexit EU budget proposal
includes link to rule of law
Private and public risk sharing in the euro area – ECB
DATA
Euro-Area Factory Growth Eases for Fourth Straight Month – BB
Euro-Area Factories Fret
About Euro as Economic Growth Cools – BB
GDP up by 0.4% in both
the euro area and the EU28 – Eurostat
Euro area unemployment
at 8.5% - Eurostat
Euro area growth:
somewhere between hard and soft data – Pictet
Eurozone Economy Wavers
in First Quarter - WSJ
UNITED STATES
Build It and They Will Come; Sell it and It will
be Bought – Marc
Chandler
What happens when a
large serving of fiscal stimulus is provided to an economy that as already
growing above trend, with nearly full employment and price pressures near
target?
Deutsche Bank warns of US debt crisis – John Cochrane
DATA
US manufacturing growth - slower but broader – ING
ADP: Private Employment
increased 204,000 in April – Bill
McBride
Payroll Gains in U.S.
Exceed 200,000 for Fifth Month, ADP Says – BB
ADP Prints Weakest Jobs Gain Since November – ZH
FEDERAL
RESERVE
Federal Reserve preview:
Take a deep breath – ING
Buy the hawkish Fed
rumour, sell the gradual fact – ING
Markets Are
Underestimating the Fed – BB
FOMC Statement – FED
FOMC Sticks to Script, Dollar Pushed Lower – Marc Chandler
Rate Unchanged: Leans
Hawkish On Inflation, Dovish On Growth – ZH
Wall Street Responds To
The Fed's "Symmetric", Dovish Statement – ZH
Powell has a plan – Kevin Muir
MARKETS / OTHER
Market Stumbles Show
Traders Already Think We're Late-Cycle – BB
Morgan Stanley predicts ‘choppy, volatile down market’ * Cantor
Fitzgerald cautions not to get bearish too early
Have Central Banks
Missed the Exit Train? – Algebris
Strong And Stable,
Valuations Edition – Macro
Man
REGULARS
FirstFT Daily Briefing – FT
Galileo sabotage, Facebook’s dating service, Germany’s inheritance wave
WSJ City – WSJ
Trump’s Trade Agenda Brings Heightened Tensions, Apple Flexes Its
Financial Muscles
WSJ Economics – WSJ
Europe stumbles | Share Buybacks |Trade Deadlines
Danske Daily – Danske
Bank
Daily Market Comment – Marc
Chandler
Confident Fed Key to New Found Respect for the Dollar
Brussels Playbook – Politico
Budget scoop — Inconvenient truths — Europe risks split over Trump
Five Things You Need to
Know to Start Your Day – BB
US Open – ZH
S&P Futures Hit Session HIghs Ahead Of The Fed, As Dollar Surge
Fizzles
FINNISH
Fed kokoustaa illalla, mutta ei nosta korkoa | Euroalueelta julkaistaan
BKT-luvut | Dollari vahvistui selvästi euroa vastaan
Brysselin kone: Miksi pankkiunioni on nyt mätä omena – YLE
Nordean pääanalyytikko Jan von Gerich puhuu siitä millä
tavoilla pankkiunioni vaikuttaa nyt ongelmalliselta. Ja lisäksi hän kertoo,
missä kunnossa on EU-maiden talous hänen mielestään nyt on, ja onko EKP:llä nyt
harjoittamansa politiikan jälkeen silloin jäljellä mitään keinoja toimia, kun
hänen arvionsa mukaan kesällä 2021 seuraava taantuma rantautuu Eurooppaan.
Ohjelman toimittaja on Maija Elonheimo