New York Session Heads Up June 20 2022

New York Session Heads Up June 20 2022

• Fed’s Waller Supports 0.75-Percentage-Point Rate Hike In July
• ECB’s Stournaras: Monetary Policy Can Afford To Be Gradual
• ECB’s Kazaks: Will Act With ‘Cool Head’ On Market Volatility
• ECB’s Centeno: ECB Committed To Act On Fragmentation Risks
• German Producer Prices Rise At Record Speed In May 33.6% Y/Y
• BoJ’s Kuroda After Seeing PM: BoJ And Govt Closely Coordinating On FX
• Euro Zone Yield Spreads Widen, French Election Results Weighs
• Euro Rises With Focus On ECB Speakers, US Dollar Retreats
• Bitcoin Bounces Above $20,000 In Swift Rebound; Caution Advised
• Oil Markets Stable As Market Balances Recession Fears With Supply
• European Shares Muted After Heavy Weekly Decline For Global Stocks
• BlackRock Strategist Sees Big Opportunity In European Banks
• PBoC Keeps Lending Benchmarks Unchanged, Wary Of Policy Divergence
• Biden Deciding On Chinese Tariffs And Will Speak With China’s Xi Soon
• US Rejects China’s Claims Over The Taiwan Strait As Concerns Grow
• Fed’s Waller Backs 75 Basis-Point Rate Hike In July, Says Fed Is ‘All In’
• Fed’s Mester: Inflation Will Not Fall To The 2% Target For Two Years
• Eurogroup Chief: Europe Does Not Face Fresh Sovereign Debt Crisis
• ECB’s Rehn Underscores Commitment To Contain Bond-Market Panic
• Macron Loses Absolute Majority In Parliament In ‘Democratic Shock’
• Spanish Prime Minister Set For A Heavy Defeat In Key Battleground
• Russia Advances In Battle For Ukraine City; NATO Warns Of Long War
• China Resists Loan Rate Cuts, Keeps Lending Benchmark Unchanged
• Bitcoin Hovers Around The $20,000 Level After A Volatile Weekend
• Asian Equity Markets On Mixed Footing; Chinese Bourses Outperform

Economic Data

• Eurozone Construction Output (Y/Y) Apr: 3.0% (prev 3.4%)
• Eurozone Construction Output (M/M) Apr: -1.1% (prev 0.1%)
• German PPI (Y/Y) May: 33.6% (est 33.8%; prev 33.5%)
• German PPI (M/M) May: 1.6% (est 1.5%; prev 2.8%)
• Swiss Total Sight Deposits CHF Jun 17: 751.8bln (prev 753.1bln)
• Swiss Domestic Sight Deposits CHF Jun 17: 661.7bln (prev 662.0bln)
• New Zealand Performance Of Services Index May: 55.2 (prev 51.4; prevR 52.2)

CRYPTO

• Bitcoin, Ether Bounce Off Lows After Record-Breaking Rout – BBG
• Bitcoin Bounces Above $20,000 In Swift Rebound; Caution Advised – BBG
• Crypto Industry Gripped By Anxiety As Bitcoin Wobbles Near Key $20,000 Level
• Bitcoin Hovers Around The $20,000 Level After A Volatile Weekend – BBG
• Crypto Market Starting To See Even Old-Timers ‘Panic Selling’ – BBG
• Musk’s Support For Dogecoin Grows Stronger Following $258B Lawsuit – CoinTelegraph
• Troubled Crypto Lender Celsius Seeks Time To Stabilize Liquidity – BBG