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EUROPE
BANK OF ENGLAND
UK: BoE in no rush to raise rates –
yet – Nordea
BOE
Officials Unanimous on Rates – WSJ
Bank of
England unanimous on rates, more upbeat on euro zone – Reuters
GREECE
Grexit -
what if? Don't expect any solution before the summer crunch time – Danske
Bank
ECB
Prepares To Sacrifice Greek Banks With 50% Collateral Haircut – ZH
Martin
Wolf: Mythology that blocks progress in Greece – FT
OTHER
Global
FX Strategy: USD will strike back – Nordea
In this
month's edition, we ask ourselves whether the market is overly pessimistic on
the US growth outlook after recent data. If so, we may see parts of the market
wrong-footed “tantrum-style” in coming months. In Scandinavia, further easing
will be implemented.
ECONOMICS
Kenneth
Rogoff: Debt supercycle, not secular stagnation – vox
Robert
Skidelsky: Debating the Confidence Fairy – Project
Syndicate
Paul
Krugman: Airbrushing Austerity – NYT
REGULARS
Daily
Central Banks – WSJ
Hilsenrath’s
Take: Digging Deeper Into the Strange Seasonality of Fed Decision-Making * Fed’s
Rate Decisions Hang on Dollar, Growth Concerns * Q&A: Fed’s Rosengren Says
Continued Subpar Growth Could Delay Fed to Defer Rate Increases * BOE Officials
Unanimous on Rates * Swedish Central Banker Sees Inflation Heading in the Right
Direction
Daily
Macro – WSJ
Stock
investors have been a little jittery in the U.S. – where the strong dollar has
monkeyed with first-quarter earnings – but elsewhere they can’t help buying,
not when the central banks and governments of the world are throwing money at
them.
Danske
Daily – Danske
Bank
Global
Daily – ABN AMRO
Three-month
Euribor moves into negative territory * Germany’s ZEW economic sentiment stays
at historically high levels underlining that it will outperform the eurozone
this year
Euro
rates update – Nordea
Eye-Opener – Nordea
Grexit would
strengthen the Euro area * More easing in China * Positive ZEW fuels markets * 3M
Euribor goes negative, is the whole world turning negative * EUR/USD saw some
Greece-inspired volatility yesterday
Morning
Markets – TF
The
Australian dollar was a clear winner in Asia overnight, riding higher on the
back of a slightly stronger-than-forecast CPI print, which may reduce the
likelihood of the Reserve Bank of Australia cutting interest rates at its May
policy meeting.
Daily FX
Comment – Marc to
Market
Dollar Surrenders Gains
Daily
Shot – TF
Greece's finance minister, Yanis
Varoufakis, is showing optimism about the negotiations with the creditors. He
supposedly sees "clear convergence" in the views of both parties. But
the markets are not convinced. We also may have the first indications that the
uncertainty related to Greece is starting to have a negative
impact on the Eurozone.
US Open – ZH
Asian
Euphoria Sends Nikkei Above 20,000, Fizzles In Europe On More Greek Fears; US Futures
Down
From the
Floor – TF
There are
some 3,000 uncompleted shale wells that are champing at the bit to get started
if the oil price rise continues and with Saudi Arabia ending its air strikes
against Yemen, the rally in oil is likely to stay capped.
Martin
Sandbu’s Free Lunch
– FT
Four out of
ten Britons want a bigger state. No major party is offering them one.
FINNISH
Aamukatsaus – Nordea
Japanin kulutus saa tukea palkkojen noususta | Saksan ZEW-indeksi laski yllättäen | Unkarin
keskuspankki laski odotetusti ohjauskorkoaan
Jan Hurri: Kepunomics – alitehoinen taloustraktori – TalSa
Analyysi Keskustan talousohjelma kuvannee seuraavan
hallituksenkin tärkeimmät taloustavoitteet: miten Suomi nostetaan taantumasta
ja velalla eläminen loppuu. Tavoitteet ovat selkeitä, mutta keinot vaikeita ja
osin epämääräisiä. "Kepunomics" on kuin alitehoinen taloustrakto
Suomalaiset äänestivät leikkausten puolesta – YLE
Vaikka leikkauslinja sai kannatusta läpi Suomen, on
kannatuksessa nähtävissä alueellisia eroja. Yle kokosi kartan, joka näyttää,
millaista talouspolitiikkaa Suomen kunnissa äänestystuloksen perusteella
halutaan.
Sipilä kertoi: Tässä ovat hallitusneuvottelun keskeiset
kysymykset – IS
Henri Myllyniemi: Joko leikataan? – US
Puheenvuoro
Tämä ei ole sinun Suomesi, Krista Kosonen – IS
Henry Laasanen: Taideyliopiston rehtori Rosenberg
paljasti karvansa – US
/ Puheenvuoro