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Wednesday, August 3

3rd Aug - BoE and US jobs ahead

Previously on MoreLiver’s:

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Pound Fluctuates With Traders Bracing for Rates Decision by BOE – BB

5 things to expect if 5Stars win Italian elections – Politico

From fiscal rules to growth-supportive policies despite high public debt Danske Bank

Corporate bond market and the purchase programmeECB

Markets Give Europe's Bank Tests a Failing GradeView / BB
European Banking System Bloodbath Continues Post-Stress-TestZH

The Decline in Durable Goods PricesMarc Chandler

1MDB: The inside story of the world’s biggest financial scandalThe Guardian
How a retired Swiss banker ended up behind bars in Thailand for uncovering a scheme that included the Malaysian prime minister and billions of in laundered money that was spent on everything from parties with Paris Hilton to backing for The Wolf of Wall Street.

Gorilla or Elephant, Chinese Surplus Capacity is the Challenge Marc Chandler

Global Bond Market Rally Unravels as Japan Shows Limit to DemandBB

Japan: 2016 Article IV Consultation – IMF
Japan: Selected Issues – IMF
Reflating Japan: Time to Get Unconventional? – IMF
The Case for an Independent Fiscal Institution in Japan – IMF

Danske DailyDanske Bank

Underwhelming Japanese stimulus, weaker bonds, struggling bank equities * Fiscal stimulus only of limited consolation in Japan * Bond yields leap higher * USD under broad pressure

Morning MarketsTF
USDJPY is concentrating around the 101.0 zone but a push lower after Japan disappointed markets Tuesday with its financial stimulus package and risk-off sentiment is putting a fresh 100.0 push on the cards.

Euro wrap-upDaiwa

Daily Market Comment – Marc Chandler

Daily Market CommentMacro Man
Divvy thoughts
Daily ShotTF
The recent peak in crude prices coincides with the bottom for the US oil rig count. Now NYMEX crude futures are trading clearly below $40/bbl.

Daily Press SummaryOpen Europe

Brussels Playbook Politico

World Stocks Drop For Third Day On Growing Concerns About Central Bank Policy, Tumbling Oil


From the FloorTF
Japanese government bonds tightened and we see Japanese and German 10-year bonds getting very close. In the short term we could see a repetition of the April 2015 “bunds hiccup” says Saxo Bank's Asia macro strategist Kay van-Petersen.

Ruotsin kruunu on liian halpa * Tänään markkinoilla seurataan USA:n palvelusektorin luottamusta (ISM) * Japanin hallitus hyväksyi elvytyspaketin * USA:ssa yksityisen kulutuksen pohjahinnat polkivat paikoillaan