EUROPE
European
Plan to Tax Stock Trades Closer to Becoming Reality – BB
EU
ministers agree to go ahead with French-German proposal * Legislative text is
targeted for May, according to official
The
EU’s Secret Plan for a Catastrophic Grexit – BB
A
new book, The Last Bluff, reports on official preparations for the disaster
that almost was.
Trump's
Jab at Russia Gas Pipe Shows Fight for Market Share – BB
President
said Germany should buy fuel from an another source * Nord Stream 2 pipeline
would increase Russian flows to Germany
Cœuré
on ECB reinvestments –
FT
Bund
yields hit record lows today.
Finland:
Slowing growth momentum – Nordea
Recently
released Q1 GDP data showed that Finnish growth is slowing faster than
expected. Weak data adds some downside risks to our forecast, but above 1%
growth is still in the cards.
Euro
zone takes small step on integration, but not on key ideas – Reuters
EU
finance ministers took small steps towards deeper euro zone economic
integration on Friday, but they failed to agree on key aspects of a planned
euro zone budget, in a blow to Macron, who championed the idea.
Country-specific
euro zone risks remain 'very serious': IMF – Reuters
The
euro zone remains at risk of being hit by debt-crisis-style country-specific
shocks, the head of the International Monetary Fund's European department said
on Friday.
UNITED STATES
US
economy: the Fed tries to predict politics – FT
Central
bank worries that cutting rates would be seen as caving in to the White House
Rates:
Flight to safety –
ING
One
possibility is that the Fed under-delivers on market rate cut expectations.
This could force long rates lower as the disappointment on the extent of the
delivery of cuts prompts investors to switch out of risk assets into Treasuries,
which still offer a positive yielding risk-free rate
OTHER
June
economic update: Monetary policy to the rescue – ING
Financial
markets are clamouring for policy stimulus as trade tensions and worries about
global growth mount. Optimism that China and the US will settle their issues
this month is fading fast, and it looks increasingly likely that central
bankers will bow to both political and market pressure for rate cuts.
Climate
Change Is All Most of Us Have Ever Known – BB
Average
temperatures have been rising for more than 40 years, making global warming the
only reality for billions of people. Politicians are finally starting to catch
on, and policy may soon follow.
REGULARS
Five
Things to Start Your Day Asia – BB
Blame
it on Iran * Oil Jumps on Supply Fears * Hong Kong’s Possible Pause * Asian
Futures Mixed * No More Day Drinking
Eco
Day Asia
– BB
Kudlow
Warns Beijing, ‘Chinese Pig’ Furor, Two Fed Cuts * Hong Kong long-term economic
role at stake amid demonstrations * In elephant safe haven, ivory poaching is
climbing nonetheless
Five
Things to Start Your Day Europe – BB
Unlikely
Winners * Oil Drama * Kitchen-Sinking * Xi’s Rough Patch
EU
Open Rundown
– RANsquawk
FirstFT
Daily Briefing
– FT
Brussels
Briefing
– FT
The
EU’s greenest of them all: From right to left, Brussels politicians are racing
to prove their environmental mettle
Brussels
Edition
– BB
Brussels
Playbook
– Politico
City
of fear — Establishment 1, Macron 0 — Unicorns aren’t free
Danske
Daily
– Danske
Bank
War
hawks raise eyebrows
Eco
Day Europe
– BB
Finnish
Push for ECB, Russian Rates, Kudlow Warning * Hong Kong’s long-term economic
role at stake amid protests * Poland might lose its ‘Goldilocks’ tag amid
rising prices
Daily
Market Comment
– Marc
Chandler
Waning
Risk Appetite Going into the Weekend
Five
Things to Start Your Day US – BB
Risky
business * Listen to your heart * So long, Sarah * Markets
US
Open Rundown
– RANsquawk
Eco
Day US
– BB
Fed
Easing Eyed, Russia Cuts Rates, China Slowdown * Bloomberg survey shows Fed
seen on track for 2019 rate cut * China factories see slowest growth since 2002
amid trade war
FINNISH
Aamukatsaus – Nordea
Venäjän keskuspankki laskee tänään ohjauskorkoa,
Ruotsista julkaistaan inflaatioluvut | Suomen tuotannon kasvu piristyi
huhtikuussa | Omaninlahden iskut nostivat öljyn hintaa, USA syyttää Irania
iskuista