Roundups &
Commentary
Frontrunning – ZH
Overnight: What Has Happened So Far – ZH
The Lunch Wrap – alphaville
/ FT
Emerging N.Y. headlines – beyondbrics
/ FT
Daily press summary – Open Europe
Morning MoneyBeat – WSJ
Morning Bond Update: First signs of an end to stimulus – TradingFloor
Market Responds Dramatically to Bernanke – Marc
to Market
Morning Briefing
(EU/US): The threat to the ZAR is building – BNY
Mellon
EUROPE
The Eurozone's FTT
plan is vicious, unfair and counter-productive – TradingFloor
Lars Seier Christensen: The idea of transaction taxes is credited to the
economist James Tobin, who first suggested a currency transaction tax in the
1970s. But even Tobin renounced the theory as unfeasible later in his career, a
fact rarely mentioned in the debate today.
European PMI data bad, but not enough for
action – TradingFloor
The May European PMIs
are still contractionary, but periphery shows modest signs of stabilisation. The
real trouble is the rift between the core countries.
Central bankers everywhere after Bernanke
warning – MacroScope
/ Reuters
It’s raining central
bankers today which is well-timed after Federal Reserve Chairman Ben Bernanke
dropped the bombshell that the Fed could take the decision to begin throttling
back its money-printing programme at one of its next few policy meetings.
ASIA