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EUROPE
Barry
Eichengreen: Airing the IMF’s Dirty Laundry – Project
Syndicate
Negative
Rates for the People Arrive as German Bank Gives In – BB
UNITED KINGDOM
Europe
Needs a Two-Tier Solution to Move Past Brexit – BB
What
Is the Early Impact of Brexit? – WSJ
Pound
Reclaims World’s-Worst Crown as BOE Stimulus Kicks In – BB
U.K.
Construction Shrinks as Brexit Delays Investment Projects – BB
MACRO DATA
Greek
Economy Grew in Second Quarter Despite Dragging Review – BB
Italian
Economy Unexpectedly Stagnates in Threat to Renzi – BB
Euro-Area
Slowdown Puts Onus on Germany as Brexit Risks Gather – BB
Modest
euro zone economic growth masks diverging performance around bloc – Reuters
UNITED STATES
MACRO
DATA
Retail Sales unchanged
in July – Bill
McBride
U.S. Retail Sales Stall
as Auto Dealers’ Gain Is Others’ Pain – BB
July Retail Sales
Disappoint – dshort
Consumer Sentiment in
U.S. Increases by Less Than Forecast – BB
Preliminary August
Consumer Sentiment at 90.4 – Bill
McBride
Consumer Sentiment:
August Flash Up from July Final – dshort
U.S. business
inventories rise marginally as sales jump – Reuters
U.S. producer prices
fall on services, energy costs – Reuters
July Producer Price
Index Plummets – dshort
U.S. third-quarter GDP
seen slowing to 2.43 percent: N.Y. Fed – Reuters
Weak retail sales,
inflation data dim prospect of Fed rate hike – Reuters
Bonds Rise, Dollar Falls
as Retail Data Cast Doubt on Rate Hike – BB
Dollar Falls to 7-Week
Low as Economic Reports May Constrain Fed – BB
OTHER
Should the true costs of
insuring deposits of up to £75,000 be made clearer? – BoE
Chinese data suggest a
soft start to H2 – Pictet
CHINA
ARTICLE IV
Press Release – IMF
Article IV Staff Report –
IMF
Selected Issues – IMF
Video: How Does China's
Outlook Stack Up? – IMF
REGULARS
US equities at highs, yields higher,
watch US retail sales * GBP/USD goes below 1.30 again, SEK and NOK strengthened
by inflation
Where Wall Street leads Asia
follows. At least that was the case at the start of trading in Asia on Friday
with gains on several bourses in the wake of a record performances for US
equity indexes on Thursday.
Euro wrap-up
– Daiwa
Bunds were little changed as euro
area GDP growth was unrevised at 0.3%Q/Q, while there was a modest upward
surprise to German Q2 GDP * Gilts made gains as UK construction output fell
more than expected
Daily Market Comment
– Marc
Chandler
Summer Markets Grind into the
Weekend
The problems are starting to pile up
in emerging markets. Egypt needs a bailout Venezuelans are finding it difficult
to import produce and the Nigerian authorities have delayed the release of
several key indicators – possibly because they don't like what they see.
Johnson seeks to ‘normalise’ British
relations with Russia * Tusk to meet with all EU leaders ahead of Bratislava
Brexit summit * Economists see UK economy contracting in coming quarters * Labour
leadership hopefuls trade barbs over EU referendum * Italy’s GDP stays flat in
Q2, highlighting scale of challenge facing Renzi * Bulgaria extends border
fence over fears that EU-Turkey refugee deal could break down * Polish
Government and Constitutional Tribunal at loggerheads again over new law * German
think tank suggests Dublin no match for Frankfurt in attracting London business
post Brexit
Ukraine on the boil — Trump slump —
French intrigue
US Open – ZH
Futures Rise, Global Stocks Flat
After Ugly Chinese Economic Data
Frontrunning
– ZH
The half-hearted efforts this past
week to send oil higher through verbal interventionclearly did not pass muster
and the Saudi oil minister has leapt in to add his significant weight to force
a higher oil price.
FINNISH
OPECiin
kohdistuu turhia toiveita * Ruotsin inflaatio vaimeni odotuksia vähemmän *
USA:n tänään julkaistava vähittäismyynti jatkaa kasvua * Euroalueen toisen
neljänneksen BKT-luvut tarkentuvat
Palkkaerot ja työllisyysaste Suomessa -
mitä paljastaa kansainvälinen vertailu? – VATT
Brexit-tulos yllätti median, mutta irtautumiseen
erinomaiset syyt – Suomen
Uutiset