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EUROPE
ELECTIONS
Theresa
May's Disastrous Failure – BB
UK: Minority government
is weak from the beginning – Danske
Bank
French Election Monitor
No. 5: Macron on track to win majority – Danske
Bank
Macron Set for Majority
in Assembly After First-Round Vote – BB
France Is on the Verge
of an Astonishing Political Transformation – BB
Finland: Political
crisis threatening the positive economic development – Nordea
Euro political climate brightens – ABN AMRO
Euro political climate brightens – ABN AMRO
UNITED STATES
Trump's
Economic Agenda Is Almost Dead – BB
FOMC
preview: A June hike very likely – balance sheet run-off imminent? – Nordea
FOMC preview:
Expectations are high but data do not justify a hike yet – Danske
Bank
OTHER
"What Has Happened
in Macroeconomics (and what still needs to be done)" – Noah Smith
UK
and US Increase the Odds That Conflict Will Lead to Political Ineffectiveness –
Ray Dalio
El-Erian:
Anti-Establishment Politics Is Far From Going Away – BB
WEEKLY
Macro Monday: After the polls the Fed cometh – TF
FX
weekly: a bouncy dollar? – Nordea
Key
Events: Fed, BOJ, BOE, SNB, US Inflation And Retail Sales – ZH
MINOR MARKET PANIC
GS: "The Last Time
The Market Acted Like This Was At The Tech Bubble Peak" – ZH
Volatility Returns (to
the NASDAQ) – Global Macro Monitor
JPM: More "Tech
Wreck" Pain Coming, Lazy Money Was Chasing Momentum – ZH
SocGen: "This Happens
When Algos Head For Exit At The Same Time" – ZH
SocGen: The more
momentum a stock had, the more it plunged on Friday – BB
REGULARS
Morning Report APAC – TF
After the surprise UK election result Theresa May is looking increasingly
vulnerable to leadership challenge as she tries to reach a deal to govern.
FirstFT Daily Briefing – FT
Macron landslide, ‘dead woman walking,’ lunch with Bernie
WSJ City – WSJ
UK Faces Prolonged Uncertainty, Investors Mull the Corbyn Effect
Danske Daily – Danske Bank
Eye-Opener – Nordea
Macron landslide, Finnish government crisis, setback for M5S * Busy week
ahead: central banks and inflation numbers * Rebound in US yields with more
room to run * We see more downside for the EUR/USD
Morning Markets – TF
French President Emmanuel Macron's bloc won a bigger-than-expected
victory in the first round of France's legislative elections at the weekend but
the turnout was dismal. European markets should react by starting in the green
as it seems to be more likely now that the pro-European leader can push through
large parts of his reform agenda.
From the Floor – TF
Financial markets widely expect the US Federal Reserve to raise interest
rates on Wednesday, but the hike will be a dovish one, says Saxo Bank's FX
strategy chief John Hardy. FX markets are waiting for UK government's position
on Brexit to take shape following the Tories' humiliating election defeat,
which could set GBP up for a rally as the chances of a "soft Brexit"
have increased.
Daily Market Comment – Marc Chandler
Ahead of Central Bank Meetings, Politics Dominates
Brussels Playbook – Politico
Brexit negotiation delays — €430 million to replace Parliament? — Macron
landslide looms
Five Things You Need to
Know to Start Your Day – BB
10 things you need to
know before the opening bell – BI
US Open – ZH
"Tech Wreck" Goes Global Dragging Worldwide Markets Lower;
Cable, USDJPY Slide
Frontrunning – ZH
FX Update – TF
The US dollar has managed the most modest of bounces ahead of this week’s
June FOMC meeting which comes at an awkward time for Chair Yellen and company.
Elsewhere Macron reaping a mandate for change.
FINNISH
Aamukatsaus – Nordea
Koronnosto
näkyvissä, Fed antaa korkopäätöksen keskiviikkona * Macronin puolue voittamassa
parlamenttivaalien 1. kierroksen * Punta heikkeni perjantaina