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EUROPE
Prime Ministers listen too much to voters,
complains EU's Juncker –
The
Telegraph
European Politics Beyond the UK Referendum – Marc
Chandler
Europe Monthly – Daiwa
EUROPEAN
CENTRAL BANK
ECB: Support from
Germans’ favourite court – Nordea
Court
"Reluctantly" Rejects Challenges To OMT Program, Lists 6 Conditions –
ZH
Speech Mario Draghi:
Hearing of the European Parliament – ECB
Draghi Says ECB Is Ready
to Respond to Any Brexit Turmoil – BB
BREXIT
EU referendum – What to
look out for on the night – Open Europe
Summers: Brexit would be
a history-defining, irreversible mistake – WaPo
What data can tell us
about the Brexit vote – BlackRock
Avoiding Brexit Doesn’t
Solve Economic Issues, Says El-Erian – WSJ
Cameron: ‘Brits Don’t
Quit’ in Last-Ditch Plea to Stay in EU – BB
Bookies Say It’s Almost
All Over as Gamblers See No Brexit – BB
UNITED STATES
FEDERAL
RESERVE
Monetary Policy Report –
FED
Fed: Stocks
"Vulnerable", Forward Valuations "Well Above" Norms – ZH
Goldman Responds To
Yellen's Testimony: "Little New Ground" – ZH
Fed Chair Janet Yellen:
Slowdown in job market likely ‘transitory’ – WaPo
Yellen: Semiannual Monetary
Policy Report to the Congress – Bill
McBride
Yellen Offers Subtle
Change to Inflation, Job-Market Outlook – BB
Fed cautious on rates
due to Brexit, U.S. hiring slowdown: Yellen – Reuters
REGULARS
Equities up, yields up, GBP up,
Brexit down * Yellen in US Congress and Brexit debate at Wembley * Yields jump
on declining Brexit likelihood…And so does GBP, while safe haven currencies weaken
The risk-on rally that has found its
most obvious embodiment in sterling's rise hit a diversion overnight but has
roared back into life this morning as markets perhaps prematurely seem to be
ruling out a Brexit vote on Thursday.
Euro wrap-up –
Daiwa
Greenback Remains Soft
Daily Market Comment – Macro Man
Bookmakers are placing
the chances of a Brexit at one-in-four leaving the referendum as a serious
event risk but also reflecting a gain in 'Remain' sentiment. The pound has
rallied accordingly.
Cameron pledges to continue
with EU reform if Remain wins, as former aide criticises him over
“undeliverable” migration target * Referendum on knife-edge according to polls
* German Constitutional Court rejects legal challenge against ECB bond buying
but supports certain conditions * Hammond and Tusk both say UK’s referendum
should cause EU to reassess its future * Polish Europe Minister: Any
post-Brexit deal would need to address problem of free flow of labour force * The
Daily Telegraph backs Leave and The Guardian backs Remain * Leaked letter shows
Italy believes EU-Canada trade deal does not need to be ratified by national
parliaments * Merkel’s Union gains a point in the polls * Turkey prevents
Syrian refugees from leaving to Germany
Brexit overload — Leaked
summit conclusions
Stocks, Sterling Rise As
"Brexit" Fears Forgotten; Dollar Drops Ahead Of Yellen Speech
The unbearable wait for
Thursday’s UK vote continues. Meanwhile we have Fed chair Yellen out today and
tomorrow delivering semi-annual testimony on the economy and monetary policy to
Congress.
Sterling remains in
celebratory mood and holding its gains following its largest 2-day advance
since 2008 and less than 48 hours before Britain's polling booths open for what
John J Hardy Saxo Bank's head of FX strategy calls "one of the biggest
events in a generation".
FINNISH
Muutosta
vai muutosvastarintaa Espanjassa? * Yellen tänään ja huomenna kongressin
kuultavana * Tuoreimmat galluptulokset osoittavat Bremain-leirin olevan
hienoisessa johdossa * Markkinoiden silmissä Brexit-riskit ovat hellittäneet