Google Analytics

Friday, July 29

29th Jul - BoJ and EZ, US GDP disappoint

Previously on MoreLiver’s:

Follow ‘MoreLiver’ on Twitter

Europe's Bank Stress Tests are Missing One Crucial Element BB
Stress tests for European banks may be overlooking the damage caused to lenders by negative yields.

We are the ECB. You will be assimilated FT

GDP up by 0.3% in the euro area and by 0.4% in the EU28 – Eurostat
Eurozone economy back to sluggish growth – ABN AMRO
Euro area annual inflation up to 0.2% - Eurostat
Euro area: higher inflation, activity data are pre-Brexit – Danske Bank
Euro zone economic growth slows in quarter before Brexit – Reuters

Q2 growth slow, just 1.2 percent – WaPo
2015 Economic Growth Was Slightly Better Than We Thought – WSJ
Second-Quarter U.S. GDP – At A Glance – WSJ
U.S. Economy Grew Less-Than-Forecast 1.2% in Second Quarter – BB
Inventory liquidation weighs on Q2 growth – Reuters

BoJ ‘inaction’ – JPY strengthens – ABN AMRO
BoJ: A disappointing easing – Nordea
BoJ disappoints but keeps door open for more easing – Danske Bank
Japan Bonds Plunge, Treasuries Fall as BOJ Decision Disappoints – BB
BOJ eases by doubling ETF buying, underwhelms expectations – Reuters
Bank of Japan Boosts Dollar Lending, ETF Purchases – BB
Yen surges as Bank of Japan disappoints – Reuters
BOJ fails to meet expectations on easing – Pictet

Danske DailyDanske Bank

JPY jumps on limited BoJ action, BoE rate cut priced in, big data day ahead * Heavy calendar ahead: GDP data, stress tests, inflation * JPY appreciates almost 2% on a modest BoJ move * Market prices 100% chance for BoE 25bp rate cut

Morning MarketsTF
The banking sector is in focus today with markets anxious about the results of the European bank stress tests due out at 2000 GMT. Meanwhile the Bank of Japan statement fell well short of hopes and expectations with the central bank taking only limited stimulus steps. The yen has headed higher again as a result.

Daily Market CommentMarc Chandler
Kuroda Hesitates, Yen Advances, Focus Turns to Europe and North America

Daily ShotTF
A little more than a month ago Britons voted in favour of leaving the European Union. Economic indicators suggest a Brexit will harm the UK more than the EU. Good news from Spain: unemployment reaches 2011 levels again.

Daily Press Summary Open Europe

Brussels PlaybookPolitico

Despite Huge BOJ Disappointment, Global Stocks Rise, US Equity Futures Flat As Yen Soars


FX Update TF
The Bank of Japan failed to clear the bar of expectations for new policy measures and JPY knee-jerked higher though the big test for the JPY lies with the government's fiscal intentions and an indication that the September meeting will be a pivotal.

EU-alueen pankkien kunto suurennuslasin alla * Japanin keskuspankki piti odotusten vastaisesti koron ennallaan * Brexit – paljon melua tyhjästä? *​ Tänään julkaistaan USA:n ja euroalueen toisen neljänneksen BKT-kasvu