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REGULARS
Danske Daily – Danske
Bank
Euro rates update – Nordea
Eye-Opener – Nordea
Oil price up, 10-year Bund yield
approaching 10bp, new financial forecasts * Few data out today apart from UK
industrial production * Ultra-long yields rise on more 50-year supply * Commodity
currencies supported by the rise in oil prices
Morning Markets – TF
Both oil benchmarks climbed
overnight retracing nearly all the losses from Monday but risk off is the
underlying theme in markets.
Daily Market Comment –
Marc
Chandler
Yen Recovers After Being Thrown for
2%
Daily Market Comment –
Macro
Man
Everything wrong with the Eurozone
summarized in one chart
Daily Market Comment
– Polemic’s
Pains
The Glorious 11th
Daily Shot – TF
A new suite of reports
from Deutsche Bank paints an interesting portrait of China. The German
financial giant is more bearish than the consensus on GDP growth while noting
that the impact of the recent stimulus will probably be fairly brief.
Daily Press Summary – Open
Europe
Poll: Economy edges
immigration in importance for Brexit campaign * European Parliament on
crash-course with Erdogan over visa-free travel for Turks * Germany to maintain
border controls until EU’s external borders sealed * 2 out 3 Germans against
Merkel staying on as Chancellor after 2017 elections * Hollande bypasses
parliament to push through controversial labour bill * UK sees record high
trade deficit with EU in goods * More refugees now entering Europe via Italy
than Greece * German financial regulator warns of low rates’ impact on banking
and pension industries * ECB asks Eurozone banks to detail potential impact of
Brexit * Greek PM upbeat on bailout progress as Germany seen softening stance
on IMF role
Brussels Playbook – Politico
US Open – ZH
US Futures, European Stocks Drop As
USDJPY Tumbles’
Frontrunning – ZH
EURUSD and USDJPY both
mounted assaults on key levels yesterday but have so far held the line
suggesting that the near-term outlook for the greenback remains uncertain amid
a lack of USD catalysts.
The US dollar's rally
has stopped short of a full reversal and the major dollar pairs EURUSD and
USDJPY could be set to test lower says Saxo Bank's John J Hardy. Elsewhere farm
commodities have surged while crude oil is stuck between the contradictory
drivers of supply outages and rising inventories.
FINLAND & FINNISH
Perjantai
testaa kasvua povaavat ennusteet * USA:ssa avautuu uusia työpaikkoja kovalla
tahdilla ä * Saksan teollisuustuotanto notkahti * Koroissa maltillisia
liikkeitä – paitsi Kreikassa