EUROPE
Why Hungary and Poland Rattle Europe's Liberal
Order: QuickTake – BB
Euro-Area Manufacturing Growth Slows to 15-Month Low in May – BB
DEUTSCHE BANK
Deutsche Bank CoCo Bonds Plunge, Shares Hit Record Low – Wolf Street
S&P Downgrades
Deutsche Bank To BBB+ - ZH
Deutsche Bank Bonds
Unfazed by Downgrade – WSJ
EUROPEAN
CENTRAL BANK
Mario Draghi Should Steer Clear of Warm Prosecco – BB
Mario Draghi Should Steer Clear of Warm Prosecco – BB
As the ECB turns 20,
inflation offers some reason to celebrate. But let’s not get carried away.
SPAIN
Prime Minister Rajoy Ousted From Power; Sanchez New Prime Minister – ZH
Prime Minister Rajoy Ousted From Power; Sanchez New Prime Minister – ZH
Sanchez Topples Rajoy to
Become Prime Minister: Spain Update – BB
Rajoy Falls, Paying Price for Generation of Corruption in Spain – BB
ITALY
Italy buys back €500m of its debt amid political woes – FT
Rajoy Falls, Paying Price for Generation of Corruption in Spain – BB
ITALY
Italy buys back €500m of its debt amid political woes – FT
The Italian government
has intervened in the market for its own bonds in an apparent bid to ease
trading conditions after prices plunged and liquidity froze up amid political
turmoil earlier this week.
CDS and redenomination – Markit
Goldman Sachs: "We Would Fade The Recent
Rally In Italian Assets" – ZH
Italian politics: habemus deal – Pictet
Italy finally has a
government, but its public finances are likely to be soon back in the
spotlight.
UNITED STATES
MAY PAYROLLS
223,000 Smashing Expectations; Jobless Rate Hits Historic Low As Wages
Beat – ZH
May Jobs Report – The Numbers – WSJ
U.S. job growth surges, unemployment rate falls to 3.8 percent - Reuters
Greenback's Inability to Rally on Jobs Report is Noteworthy – Marc Chandler
Greenback's Inability to Rally on Jobs Report is Noteworthy – Marc Chandler
OTHER
Perspectives June/July Issue – Pictet
With key economic and market shifts in prospect, PWM’s return expectations for the next 10 years contain a stark message: annual returns for all major asset classes could be considerably lower than they have been over the past two decades.
With key economic and market shifts in prospect, PWM’s return expectations for the next 10 years contain a stark message: annual returns for all major asset classes could be considerably lower than they have been over the past two decades.
TARIFFS / TRUMP
Editorial: Countering
Trump’s Aggression on Trade – BB
Canada, Mexico and the EU should avoid escalating a needless conflict.
Global: Trade war is on – Nordea
Trump’s decision to levy steel and aluminium tariffs on the EU, Canada
and Mexico increases the risk of a bigger trade war. Against the background of
a global economy already losing momentum, markets are vulnerable to all
negative surprises.
Trump's Art of Unpredictability Starts to Backfire Overseas – BB
China, Japan, Germany complain over policy reversals * U.S. reliabililty
to feature at Singapore security conference
Trump Appeasement Fails, So Trudeau Takes the Gloves Off – BB
Canadian PM fires back on steel, sees no U.S. ‘common sense’ * ‘We’ve all
had just about enough of Donald Trump,’ Wynne says
U.S. allies hit back at Washington's steel, aluminum tariffs – Reuters
EU initiates WTO case against U.S. steel, aluminum tariffs: WTO official –
Reuters
EU to take action against U.S., China at WTO, Juncker tells German media –
Reuters
REGULARS
FirstFT Daily Briefing – FT
Italy breakthrough, Rajoy reckoning, Paris v Airbnb
WSJ City – WSJ
Businesses Sound Alarm on U.S. Tariffs, Coalition Deal Ends Italian
Impasse
WSJ Economics – WSJ
Friends, Neighbors Prepare to Strike Back at U.S. Tariffs
“Best of the web” daily
charts – Lukas
Daalder
Danske Daily – Danske
Bank
Daily Market Comment – Marc
Chandler
Ironic Twists to End the Tumultuous Week
Brussels Playbook – Politico
It’s (trade) war — Will Italy Quitaly? — Rajoy there, matey
Five Things You Need to
Know to Start Your Day – BB
US Open – ZH
Futures, European Stocks Surge Celebrating New Spanish, Italian
Governments As Payrolls Loom
Frontrunning – ZH
FINNISH
USA:sta saadaan
työmarkkinaraportti | Euroalueen toukokuun inflaatioluvut olivat vahvat | Trump
määräsi EU:lle tuontitulleja