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Thursday, July 27

26th Jul - FOMC: softens a bit, but is normalizing




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EUROPE
U.K. in ‘Notable Slowdown’ With 0.3% Growth in Second Quarter – BB
Editorial: Greece Still Hasn't Turned the Corner – BB
 Five Years On From ‘Whatever it Takes,’ in Charts – WSJ
When Will The ECB Run Out Of German Bunds To Buy: Here Is The Math – ZH



UNITED STATES
  FEDERAL RESERVE
Tim Duy: Easier Financial Conditions Will Keep the Fed on Track – BB
Fed Balance Sheet Shifts Into Limelight Absent Rate Hike Urgency – BB
FOMC Preview: Just 2 Things To Watch For In Today's Fed Statement – ZH
FOMC statement – FED
Balance sheet run off to begin relatively soon – FOMC review – Nordea
FOMC Bit dovish but it does not alter the overall picture – Danske Bank
Fed Reinforces Its Path Toward a 'Beautiful Normalization' – BB
What the FOMC's Statement Signals About Fed Policy – BB
Fed holds rates steady, expects portfolio cuts 'relatively soon' – Reuters


OTHER
Vol: Back at Sintra levels, yet expected to rise – Nordea
Thursday Is the ‘Day From Hell’ for Europe’s Stock Watchers – BB
You Have Five Choices – Joshua Brown
A Market History Lesson From Peter Bernstein – Ben Carlson


REGULARS
Morning Report APAC – TF
Equities have gained ground across much of Asia today with gains on Wall St lifting sentiment. Crude prices have surged with WTI soaring above $48/barrel.

FirstFT Daily Briefing – FT
Sanctions against Russia, UK cars go electric, sperm ‘wake-up call’

WSJ City – WSJ
Trump Sees ‘Major’ UK Trade Deal, Time Explores UK Sale

“Best of the web” daily charts – Lukas Daalder

Danske Daily – Danske Bank

Eye-Opener – Nordea
New IFO record * Weak USD ahead of FOMC tonight, market prices 20 bp pr year for Fed

Morning Markets – TF
Rallying oil and other commodities prices help lift Asia-Pacific stock markets on Wednesday after Wall Street indices posted new record-highs overnight. Brent crude climbed above $50/barrel on renewed hopes that producers' resolve to tighten the market will succeed.

Brussels Playbook – Politico
The dishonest Germans — Juncker takes on Chinese takeovers, migration — Greek bond sales

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
Global Stocks Jump, Crude Booms As Yellen Looms

Frontrunning – ZH


FINNISH
Aamukatsaus – Nordea
Viikon päätapahtuma on tänään pidettävä Fedin kokous - Fed odottaa syyskuuhun * Suomen kesäkuun työttömyysaste laski vuoden takaisesta * Saksan ja Yhdysvaltain valtionvelkakirjojen korot nousivat