EUROPE
Italian Assets Resume Slide After Euroskeptic
Appointments – BB
Benchmark bond yields
set for biggest daily jump in two weeks * Stock index extends losses, heading
for two-week low
ECB Sees Higher Reinvestments Cushioning
Bond-Plan End – BB
Reinvestment is expected
to exceed 160 billion euros in 2019 * Officials may also review strategy for
maturing bonds soon
Marcus Ashworth: ECB Bond Change Pulls the Rug
from the Long End – BB
And huge demand for the
shortest securities will steepen Europe’s yield curves.
Leonid Bershidsky: Europe’s Migrant Problem Has
an EU Answer – BB
Proposals for a
mini-summit on migration contain both good and bad ideas, but they may fix the
German political crisis.
OTHER
China retaliation
coming
– ING
A
state-run newspaper in China has published an editorial saying the country
could retaliate against US stocks if the trade war escalates
US-EU trade war:
Time’s running out
– ING
The
EU is set to retaliate against US tariffs on steel and aluminium by imposing
tariffs of its own on Friday. Even though the economic impact of these measures
will be relatively small, it will be felt in industries ranging from US bourbon
and whisky to yachts, boats and motorcycles
REGULARS
EU Open Rundown – RANsquawk
Market Briefing:
Daily Markets Overview – Yardeni Research
FirstFT
Daily Briefing
– FT
Trump
reverses, Daimler tariff woes, Rehab USA
WSJ City – WSJ
Argentine
Markets Win Much-Needed Boost, What to Watch as Fed Stress-Test Season Begins
WSJ Economics – WSJ
The
Older America Gets, the Harder It Will Be To Grow the Economy
Danske Daily – Danske
Bank
Daily Market
Comment
– Marc
Chandler
Dollar
Driven Higher
Brussels Playbook – Politico
Migration
splits EU — Moscovici interview — Big day for Greece
Five Things You
Need to Know to Start Your Day – BB
US Open – ZH
Global
Stocks, Futures Slide As Italian Fears Return
EU:n vastatullit USA:n alumiini- ja terästulleille voimaan juhannusaattona | Englannin, Norjan, Sveitsin ja Meksikon keskuspankit kokoustavat tänään | Huomenna vuorossa euroalueen ostopäällikköindeksit kesäkuulta sekä OPEC:n kokous