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In case you missed it: Big week ahead - ING

Analysts at ING noted that the week ahead is a 'BIG' one.

Key Quotes:

"Vollgeld: Our response to Martin Wolf
This week, Financial Times commentator Martin Wolf argued that the Swiss should vote in favour of Vollgeld- a plan to fundamentally change the way money is created. We believe this is a risky experiment."

"G7 Summit: Trump needs to back off to secure his wins
So far President Trump's 'maximum pressure' strategy has worked, but the results are now at risk because China has threatened to take back concessions and the EU, Canada and Mexico have also announced retaliatory measures. At the G7 summit, this Friday President Trump will be pressured to scale down his demands to preserve his gains thus far."

"Federal Reserve preview: Stepping on the gas
A rebound in US growth and rising inflation pressures mean the Fed will concentrate on domestic issues rather than be distracted by emerging market woes at the forthcoming meeting."

"Brexit update: Theresa May’s biggest test yet?
The UK Prime Minister faces a series of challenging parliamentary votes on her plan to leave the customs union and single market after Brexit."

"ECB preview: Praet’s pivot pirouette
Despite growing uncertainties around the strength of the eurozone recovery, little underlying inflationary pressure and possible further market turmoil, the ECB seems determined to demonstrate its focus on long-term trends. After Praet's remarkable speech, we expect a very exciting meeting on 14 June."

"China: Why the central bank won’t cut reserve requirements
China's central bank is supporting the onshore bond market by expanding collateral for the medium-term lending facility (MLF). This will reduce contagion risks though standalone default cases could continue. Still, we think it's unlikely the central bank will cut its reserve requirements ratio (RRR) for banks in June."

"US housing: Still going strong but for how long?
A mixed month for US housing data, but the overall direction remains upwards. The question is, how long will this trend continue?"

"Copper back above $7k as the curve flirts with backwardation
The start of labour negotiations at the world’s largest copper mine, Escondida, have restored volatility to the copper market. We are keeping a close eye on the tightening spreads which could restore fund flows but also seem dependent on stock holdings."

Author

Ross J Burland

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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