Previously
on MoreLiver’s:
Follow ‘MoreLiver’ on Twitter
EUROPE
Shifting
Sentiment in Spain: 2011 vs. 2015; Could an Anti-Euro
Party Win the 2015 Spanish National Election? – Mish’s
The
Danish election: One to watch – Open Europe
Employment
up by 0.1% in euro area and by 0.3% in the EU28 – Eurostat
Consumption
per capita varied by almost one to three across EU Member States – Eurostat
GREECE
Greece will capitulate – Politico
Gideon Rachman:
Four games the Greeks may be playing – FT
Pensions
The Biggest Hurdle In The Bailout Negotiations – ZH
Count-down
to Grexit? – Lighthouse
Investment Management
Greece: Acropolypse now – Capitalists@Work
EUROPEAN CENTRAL BANK
ECB’s
“whatever it takes” is legal, court rules – Politico
European Court backs ECB – Carsten
Brzeski
ECJ
approves ECB bond buying programme as expected – Open
Europe
Resilience
of the euro in the face of the ongoing Greek tragedy – FT
Recent
current account developments in euro area countries with large pre-crisis
deficits – ECB
UNITED STATES
Fed
Meetings May Be Live, But Here’s Why They’re Unlikely to Surprise – WSJ
5 Things
to Watch at This Week’s Fed Meeting – WSJ
Janet
Yellen's Prediction Last Month Is Already Being Vindicated – BB
Possible
Fed Moves And Greek Talks Push 10-Year Yields Higher – Alpha
Now
The markets
don’t like uncertainty. Therefore, the prospect of the Federal Reserve moving
its overnight rate away from historical lows this year and the ongoing drama
over negotiations to prevent a Greek default provided reason for traders to
vault yields of the major 10-year Treasurys.
REGULARS
Blackstone’s
Take: ECB Struggles to Stay Neutral in Greek Drama * 5 Things to Watch at This
Week’s Fed Meeting * Rules U.S. Exceeded Its Authority in 2008 AIG Rescue * EU
Court Declares ECB’s 2012 Bond-Buying Plan Legal * Kuroda Indicates No
Intention to Stem Sliding Yen
Still
No Sign of Greece Deal as IMF Deadline
Approaches
Markets
Expected to Steady, Greece Newsflow Drives
Greece 3 scenarios: main scenario remains
that there will be a deal before the end of the month. An alternative scenario is that Greece misses IMF payments, but reaches a
deal soon after. A Greek exit from the
euro is the final, but also the least likely, scenario
No new
Greek plan expected, planning for state of emergency versus blaming creditors *
UK inflation to pick up Returning risk aversion after Greece sends Bund yields
lower EUR/USD unmoved
With a Greece solution still not reached,
investors can look to numbers giving hints on the status of the UK, German and the US economies.
Dollar
Bounces Back, but Still Seems Fragile
While
everybody is waiting for news from Greece, recent data shows capacity
utilization and industrial production in the US recently declined. In the meanwhile
the Euro area trade surplus hit a record on soft domestic demand and weak euro.
It’s
Not Only Greece This Morning.
The Greek standoff remains total as Greece won’t even present a
new plan at this week’s Euro Group meeting, as it looks like Greece wants to take the
country beyond the brink to test its creditors’ mettle. Elsewhere, low
expectations for tomorrow’s FOMC may be justified.
Could we really see capital controls in Greece by the weekend or is
this "Plan B" just another stake in this highly-charged game of
geopolitical poker?
FINNISH
Aamukatsaus – Nordea
Euroalueen kasvu kuluttajien armoilla | Kreikka veti
euroalueen korkoerot kasvuun | Ruotsin työmarkkinoiden hyvä vire jatkuu
Henri Myllyniemi: Euro
on mennyttä päättyi Kreikan kriisi miten tahansa – US