France: Macron’s
speech keeps debate open – ING
In
an unusually long address, French President Emmanuel Macron outlined his plans
for the coming years- although financing remains unclear. The speech was
wide-ranging enough to keep the "Great Debate" open, which could help
his party’s EU election campaign
UNITED STATES
Q1 GDP
U.S. Economy Grew at 3.2% Rate in First Quarter – WSJ
U.S. Economy Grew at 3.2% Rate in First Quarter – WSJ
Higher
exports, inventory investment helped offset slower rate of spending by
consumers, businesses
Decent US growth
suggests Fed rate cut unlikely – ING
Markets
are pricing in at least one rate cut over the next year, but with the economy
continuing to perform solidly, we think it is much more likely that the Federal
Reserve keeps rates on hold for the foreseeable future
US economy surges
with 3.2% first-quarter growth – FT
Soft
inflation figure prompts negative market reaction despite strong headline
number
U.S. economy
expands 3.2 percent in first quarter; growth details weak – Reuters
Growth
accelerated in the first quarter, but the burst in growth was driven by a
smaller trade deficit and the largest accumulation of unsold merchandise since
2015, temporary boosters that are seen weighing on the economy later this year.
US Economy Has
Blowout First Quarter
– Wolf
Richter
OTHER
Counting the cost
of a low carbon economy – ING
Wind
and solar power will need a $13 trillion investment over 30 years to reach
emissions targets, as demand for power doubles
Europe Blew Up
Financial Research -- Hedge Funds and U.S. Firms Won – BB
Recent
European rules concerning payment for research, known as MiFID II, may have
benefited hedge funds and U.S.-based asset managers more than the European
clients they were written to help, according to an analysis by Evercore ISI.
REGULARS
Five Things to
Start Your Day Asia
– BB
Five Things to
Start Your Day Europe
– BB
EU Open Rundown – RANsquawk
https://ransquawk.com/blog
FirstFT Daily
Briefing
– FT
Brussels Edition – BB
Brussels Playbook – Politico
Letter
from Athens — Election poetry — EU’s new ally in the east
Danske Daily – Danske
Bank
Macron's
reform weighs on EUR bond markets and effective Fed Funds fixes high for a
fourth consecutive day
Eco Day Europe – BB
Japan
Output Drops, World Trade Funk, Belt & Road 2.0 * Gen Z in recession
regions challenges brands on thrift * World’s most successful economy riven
with political discontent
Daily Market
Comment
– Marc
Chandler
Greenback
Consolidates Ahead of Q1 GDP
Five Things to
Start Your Day US
– BB
US Open Rundown – RANsquawk
US Open – ZH
US
Futures Drift Lower As China Suffers Worst Week Of 2019
Eco Day US – BB
U.S.
Growth, Trade Funk Drags on, Rise of Generation Z * Economists expect growth
reached 2.3% in the first quarter * Global trade volumes drop as tensions
continue to reverberate
FINNISH
Aamukatsaus – Nordea
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