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LAST WEEK
Earnings Insight – Factset
US Weekly
FundFlows
– Lipper
Alpha
Money
Market Funds Suffer Significant Net Outflows
This Week in
Earnings
– Lipper
Alpha
S&P 500
Earnings Dashboard –
Lipper
Alpha
STOXX 600 Earnings
Outlook
– Lipper
Alpha
NEXT WEEK
EcoWeek – BNP
PARIBAS
Worries
about tariff increases are a headwind to growth because of the uncertainty
about the outcome and its timing. Global value chains complicate the analysis.
Tariffs increase input prices in the importing country and weigh on order books
in the exporting country. Since the start of the year, both input prices and
export orders have weakened in many countries. It’s probably too early to look
for a link with tariff measures and tariff uncertainty.
Week in Focus – Ransquawk
Week Ahead: Waiting
for the Chinese retaliation – Nordea
Trump
risks were on the rise * Reflationary trades – bye bye bye? * Theresa May’s
impossible equation is alive and kicking
Weekly Focus: Trade
war risk is increasing – Danske
Bank
The
next scheduled date for the trade disputes is 30 June, where the US government
is set to announce plans for restricting Chinese investments * The European
Council meeting on 28-29 June will be important for whether the German
government crisis is resolved, what line the new Italian government takes and
possibly for the Brexit process.
Strategy: The
implications of a global trade war – Danske
Bank
A
further escalation of the trade tensions has become our baseline scenario ahead
of 6 July * The escalation will weigh on global economic growth * Equity
volatility will be high, with downside risks for equities near term * Industrial
and agricultural commodities are primarily at risk * The prospects of a
stronger USD, lower commodity prices and weaker global growth weigh on emerging
markets.
Global Week Ahead – Scotiabank
US:
Focus on mild data risk over the coming week with most of the focus upon Friday.
The second round of the Federal Reserve’s bank stress tests and the risk of a
further escalation of trade tensions with China will also inform sentiment * EZ:
A fairly high bar set against hopes for another increase in core Eurozone inflation.
Whether or not it does so next Friday will be the main development to watch.
Weekly FX
Sentiment Report
– Scotiabank
Weekly Market
Outlook
– Moody’s
Investment-Grade
Looks Softer and High-Yield Looks Firmer Compared With Year-End 2007
Macro Weekly – ABN
AMRO
Weekly Market
Comment
– Marc
Chandler
Technical
Correction Spurred by Fundamental Trigger
Weekly
Macro Comment – Marc Chandler
FX
Weekly – Nordea
FX Week Ahead: New
week, new trade tensions – ING
The
never ending story of the US vs the rest of the world trade tensions should
keep the risk currencies on their toes and support the safe haven JPY. The EZ
CPI inflation is likely to hit the 2% target and should provide some cushion to
EUR next week