Google Analytics

Monday, July 24

24th Jul - PMIs don't meet high expectations






Follow ‘MoreLiver’ on Twitter


EUROPE
Macron's Approval Rating Slides Two Months After French Election – BB
EU To Retaliate "Within Days" If US Imposes New Sanctions On Russia – ZH

Euro area : Momentum slows at the start of Q3 – Pictet
Flash France Composite PMI – Markit
Flash Germany Composite PMI – Markit
Flash Eurozone Composite PMI – Markit

UNITED STATES
FOMC Preview: No major changes – Danske Bank

Flash US Composite PMI – Markit


OTHER
The Economist on the Chinese Economy: I Wish I Was Taller – Macro Man
Holiday recap: while you were away – Nordea
Morgan Stanley: "The Debt Ceiling Worries Us Most" – ZH
Bank of Japan Dot Plot Paints a Pessimistic Picture of Inflation – BB
FANG Stocks Lose Some Bite – BB
FX Spec Positioning Hits Multi-Year Extremes As Dollar Tumbles, Euro Soars – ZH
Macro Monday: Beware the Yen – TF
Week Ahead: Fed, GDP, Earnings And Lots Of White House Risk – ZH
IMF Sees U.S. Fading as Global Growth Engine – BB

Flash Japan Manufacturing PMI – Markit


REGULARS
Morning Report APAC – TF
There is caution in the wind among Asian traders this morning as we have a week of big earnings results a Fed rate decision and declining oil prices all mixed in with plenty of political bumps and grinds for the US government.

FirstFT Daily Briefing – FT
EU alarm over Russia sanctions, Wolves of Wall St, Tesla’s moment of truth

WSJ City – WSJ
IMF Cuts UK Growth Forecast, Markets Risk No Brexit Deal Shock, Wall Street Loses on Banker Pay

“Best of the web” daily charts – Lukas Daalder

Danske Daily – Danske Bank

Eye-Opener – Nordea
EUR/USD momentum continues, above 1.165 * Rates drift lower, focus on FOMC this week

Morning Markets – TF
Growth in the United States as well as the United Kingdom is to slow down according to a fresh IMF report which cites fiscal policy and low activity as reasons. As the outlook for several other countries including parts of the euro area has been revised up global growth is still seen at 3.5% this year and 3.6% next.
 
Daily Market Comment – Marc Chandler
Euro Recovers from Softer Flash PMI

Brussels Playbook – Politico
EU to bite at US over Russia — Hungary the Iron Nation

Five Things You Need to Know to Start Your Day – BB

10 things you need to know before the opening bell – BI

US Open – ZH
European Stocks Fall To 3 Month Lows On "Carmaker Cartel" Fears, Sliding PMIs; US Futures Lower

Frontrunning – ZH


FINNISH
AamukatsausNordea
Päähuomio Fedin kokouksessa * Tulossa euroalueen ostopäällikköindeksit * OPEC kokoustaa tänään * Kruunu heikkeni euroa vastaan