EUROPE
Dissecting
the Eurozone's (lack of) inflation – Frances
Coppola
Eurozone
core inflation drops below 1% ahead of ECB meeting – ING
Eurozone
inflation cools sharply ahead of key ECB meeting – FT
ECB
Under Pressure as Inflation Slows More Than Forecast – BB
Weak
price pressures are gloomy precursor to policy meeting * Officials are due to
unveil details of long-term loans
ECB
preview – so close, yet so far away – Pictet
Long
story short, the ECB should continue to err on the side of caution, while
preparing for dovish contingencies, which could range from the easy to the
scary.
Leonid
Bershidsky: Bannon’s Conquest of Europe Has Not Gone Well – BB
Nationalists
didn’t sweep the European Parliament election, and his lease for an Italian
institute was revoked. Time to head home.
German
industry says it has lost trust in Merkel coalition – FT
BDI
lobby group accuses government of failing to prepare for an expected downturn
Salvini
sets two-week deadline to end coalition deadlock – FT
Comments
follow Italian prime minister’s ultimatum to the government
Leonid
Bershidsky: Russia After Vladimir Putin – BB
The
country's future might not be so dull as its present, according to the Free
Russia Foundation.
UNITED STATES
FEDERAL RESERVE
Dovish
Powell Slams Yields, Dollar As He Opens The Door For More
"Unconventional" Measures – ZH
Frontloaded
easing cycle now priced in – ING
Remarks
from Fed member James Bullard have raised expectations of Fed rate cuts- and
the dollar has weakened as a result. But there are good reasons to think the
dollar will stay supported
Powell
says Fed ready to act if trade wars hit economy – FT
US
central bank chairman puts tariffs on list of concerns that could lead to
looser policy
Powell,
Taylor Differ on Effectiveness of QE: Conference Update – BB
Research
suggests unconventional policies boosted employment * Markets rally as Powell
signals openness to interest-rate cut
OTHER
World
Bank Cuts Global Outlook as Trade Tumbles to Decade Low – BB
Bank
forecasts world economy will expand 2.6% in 2019 * World Bank also revises
global trade down by percentage point
Noah
Smith: Look Who’s Winning the U.S.-China Trade War – BB
Third
countries such as Vietnam stand to benefit as production leaves China.
Daniel
Moss: In Australia, QE Is No Longer a Dirty Word – BB
For
a central bank whose main rate could conceivably approach zero in a year's
time, officials need to contemplate what comes next.
Stocks
Spike As China Says Differences With US Should Be "Resolved Through
Dialogue"
– ZH
Wall
Street Is Desperate for Wonks Who Can Explain the Rise of Populism – BB
Blindsided
by Trump, investors are turning to Washington analysts to understand how
volatile politics might affect their portfolios.
South
Korea Economy Shrinks More Than Expected in First Quarter – BB
REGULARS
Five
Things to Start Your Day Asia – BB
Eco
Day Asia
– BB
Fed
Easing Bets Surge, RBA Set to Cut, Factory Weakness * Another bad report card for
Australia’s economy adds to pile * Global manufacturing was the weakest since
2012 last month
Five
Things to Start Your Day Europe – BB
EU
Open Rundown
– RANsquawk
FirstFT
Daily Briefing
– FT
Brussels
Briefing
– FT
Germany’s
coalition sees off collapse: With the SPD in crisis, how could the ruling
alliance survive for another two years?
Brussels
Edition
– BB
Brussels
Playbook
– Politico
Italy
sanctions — Talking Spitzen — Tonight’s hot ticket
Danske
Daily
– Danske
Bank
Eco
Day Europe
– BB
ECB
Fresh Faces, Fed Easing Bets, ‘Big’ U.K. Trade Deal * U.K. retail sales drop by
most on record in May, survey finds * Macron boost fades as foreign investors
lose love for France
Daily
Market Comment – Marc Chandler
Five
Things to Start Your Day US – BB
US
Open Rundown
– RANsquawk
US
Open
– ZH
Stocks,
Futures, Yields Rebound As Selling Pauses
Eco
Day US
– BB
Interest-Rate
Cuts, Fed Policy Debate, ECB Concerns * Everything’s up for review at Fed’s big
Chicago policy confab * Euro-area inflation slowed more than forecast in May
FINNISH
Bullardin kyyhkymäinen kommentti oli selkein koronlaskuun
vihjaava merkki Fediltä sitten loppuvuoden 2015 | Euroalueen inflaatio painuu
alemmas | USA:n teollisuussektorin kasvu jatkoi hiipumistaan toukokuussa