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Stiglitz Wants ‘Amicable Divorce’ If Euro Area Can’t Reform – BB
Public confidence in economy recovers after Brexit vote – The Guardian
Britons less gloomy about economy in August: poll – Reuters
British shoppers defy Brexit shock as spending jumps in July – Reuters
Brexit Means Little to British Consumers When the Sun Is Shining – BB
Norway's PM softens stance on Britain joining EFTA – Reuters
Fed's Dudley upbeat on U.S. employment, return of middle-wage jobs – Reuters
BofA’s preview of Yellen At Jackson Hole Meeting – ZH
How Global Elites Forsake Their Countrymen – WSJ
Those in power see people at the bottom as aliens whose bizarre emotions they must try to manage.
Global FX Strategy: Pokémonetary policy, Go! – Nordea
This summer’s Brexit vote has added more fuel to the yield-grab fire. The Fed has recently started to warn about rate hikes, but such warnings are treated with little respect. Instead, market participants have started to ponder a hiked US inflation target. We think that is unlikely within a market-relevant horizon and instead expect a growth pick-up – and the Fed – to rehawk Fed expectations.
Danske Daily – Danske Bank
Eye-Opener – Nordea
FOMC minutes disappointed, first post-Brexit evidence today * UK data to reveal more on the Brexit impact * Yields lower as the markets expected more hawkish FOMC minutes * USD broadly unchanged against EUR – waiting for Jackson Hole.
Morning Markets – TF
Euro wrap-up – Daiwa
Daily Market Comment – Marc Chandler
US Dollar Pushed Lower, but Do FOMC Minutes Really Trump Dudley?
Daily Market Comment – Macro Man
Daily Shot – TF
Daily Press Summary – Open Europe
The Times: Renzi to drop bid for speedy Brexit in return for Merkel’s support on budget deficit * UK retail sales grow strongly post Brexit while Moody’s warns of slowdown in investment * Sturgeon calls on Government to guarantee EU citizens’ rights * Number of Eastern European workers in the UK reaches 1 million * SPD left wing revolts against EU-Canada free trade deal * Turkey hits back over German ‘Islamist hub' allegations * Irish business sentiment hit hard by UK vote to leave the EU * Merkel dismisses link between refugee inflow and terrorism * Tsipras pledges to do “whatever is necessary” to get Germany to pay WWII reparations * Financial Transaction Tax delayed further due to lack of agreement
Brussels Playbook – Politico
Cyprus reunification on track — Brussels and Paris less liveable — When tomatoes attack
US Open – ZH
S&P Futures Unchanged As Europe Rises; Dollar Slide Sends Oil Above $47
Frontrunning – ZH
FX Update – TF
From the Floor – TF
Aamukatsaus – Nordea
Parempi myöhään kuin liian aikaisin - Fedin kokouspöytäkirjan kyyhkymäinen sävy painoi dollaria * Huomio kohdistuu tänään Britannian heinäkuun vähittäismyyntiraporttiin * Tänään julkaistavassa EKP:n kokouspöytäkirjassa tuskin yllätyksiä