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Saturday, July 15

14th Jul - A Shallow "V"-day





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EUROPE
ECB wary of putting end-date on quantitative easing – sources – Reuters
ECB preview: another minor hawkish twist – Danske Bank


UNITED STATES
Markets Worry Trump May Have to Use Obama’s Secret Debt Ceiling Plan – BB

Retail Sales decreased 0.2% in June – Bill McBride
Second Straight Drop in U.S. Retail Sales Shows Tepid Spending – BB
CPI Disappoints again - weakest since Jan 2015 – ZH
Little Change in U.S. Consumer Prices Shows Modest Inflation – BB


OTHER
FX: A 'Sintra accord'? Maybe, but it has yet to be signed by the Scandies – Danske Bank
BoA: "The Most Dangerous Moment For Markets Will Come In 3 Or 4 Months" – ZH


REGULARS
Morning Report APAC – TF
High yielding currencies like the New Zealand dollar and the Australian dollar were the top performers in the wake of both Janet Yellen's testimony and strong China trade numbers.

FirstFT Daily Briefing – FT
Brexit bill backlash, London Tube’s new greeting, Gordon Ramsay’s second act
WSJ City – WSJ
Brexit Serenity Baffles Brussels, U.S. Bank Results in View, One-Two Combination for Stocks

“Best of the web” daily charts – Lukas Daalder

Danske Daily – Danske Bank

Eye-Opener – Nordea
Higher equities across the globe * Another weak US inflation report * Yields higher on Draghi speaking on QE at Jakson Hole * SEK buoyed by inflation data.

Morning Markets – TF
Asian shares were flat to modestly firmer on Friday after the Dow ended at a new high on Thursday as Fed chief Janet Yellen repeated her dovish message in a second day of testimony to Congress.

From the Floor – TF
A second day of dovish testimony from Fed chief Janet Yellen on Thursday kept the markets in risk-on mode, and US retail sales and CPI data on Friday will be closely examined for anything that could affect the Fed's gradual tightening plans. Attention now swings to the European Central Bank's policy meeting next week.

Daily Market Comment – Marc Chandler
Aussie Scales New Highs for the Year, as the Greenback Remains on the Defensive

Brussels Playbook – Politico
It’s raining Brexit — PiS take — Turkey a year on
  
US Open – ZH
Global Shares Hit Another Record High In Lethargic Session Ahead Of US Data Deluge





FINNISH
Aamukatsaus – Nordea
USA:n inflaatio julkaistaan tänään | Ruotsin inflaatio odotuksia kovempi | Punta jatkoi vahvistumistaan