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Tuesday, June 13

13th Jun - Bullish day ahead of Fed hike





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EUROPE
  POLITICS
Finland: Government crisis – don’t panic yet but risks are rising – Danske Bank
Finland Provides a Reminder That Populists Can't Govern – BB
UK: May stays (for now) due to Brexit uncertainties – Danske Bank
Schaeuble Says U.K. Welcome Back if Brexit Was Overturned – BB
Dutch Politics update: Coalition talks collapse for second time – ABN AMRO

  EURO AREA
EMU reflection paper - mere “wish list” or plausible way forward? – Deutsche Bank
The macroeconomic impact of the ECB's expanded asset purchase programme (APP) – ECB


UNITED STATES
Trump Lays Out Plan To Overhaul Bank Rules: Goldman's Take – ZH
Fed to Update Inflation, Balance-Sheet Views: Decision-Day Guide – BB
FOMC Ahead – Tim Duy


OTHER
UBS Has Some Very Bad News For The Global Economy – ZH


REGULARS
Morning Report APAC – TF
Asian markets opened mixed following the continued pressure on the US tech sector. Meanwhile USDCAD was the main mover following hawkish comments on rate rises from Bank of Canada's senior deputy governor.

FirstFT Daily BriefingFT
Barnier’s Brexit warning, Immelt’s out, why China no longer fears Fed rate rise

WSJ CityWSJ
May Mollifies MPs, Snowballing Power of Fear, The Danger of Tech Stocks

Danske DailyDanske Bank

Eye-OpenerNordea
UK and SE inflation, but otherwise awaiting CB meetings * Swedish and UK inflation ahead * Italian yields drop with the 10-year touching 2% as political risks decrease * FX markets awaiting central bank meetings

Morning MarketsTF
US tech-sector shares continued to sell off Monday with their Asian counterparts headed lower overnight. According to Saxo Bank head of equity strategy Peter Garnry however the two-session sectoral flight may be coming to an end.

From the FloorTF
Following the UK election GBP is also showing a significant degree of volatility and is now again approaching post-Brexit levels. US tech-sector shares, meanwhile, have been hammered of late, but could now be primed for at least short-term gains.

Daily Market Comment Marc Chandler
Dollar Softens Ahead of Start of FOMC Meeting

Brussels PlaybookPolitico
Commission goes after London, Warsaw — Finnish government collapses — May survives

Five Things You Need to Know to Start Your DayBB

10 things you need to know before the opening bellBI

US OpenZH
Global Markets Rebound As Tech Rout Ends; Sterling Rises

FrontrunningZH

FX UpdateTF
Canadian two-year rates leaped 12 basis points higher as a deputy governor of the Bank of Canada made flattering comments on the economy and questioned current BoC policy. Elsewhere the market anticipates a dovish tilt from tomorrow's FOMC meeting.


FINNISH
AamukatsausNordea
Suomen hallituskriisi ei näkynyt markkinoilla * Korkoero Ranskan ja Saksan välillä kaventunut * Ruotsista tänään inflaatiodataa * Teknologiaosakkeet jatkoivat laskuaan