Google Analytics

Tuesday, August 1

1st Aug - Bullish reversal day

Follow ‘MoreLiver’ on Twitter

Philippe Legrain: Europe’s Rocky Recovery – Project Syndicate
EU Matures to the Need to Deal with Non-Performing Loans – euinside
Great Graphic: Italy--It is Not Just about Legacy – Marc Chandler

U.K. Manufacturing Grows as Export Orders Climb to Near Record – BB
Euro area: Faster growth and a promising outlook – Nordea
Euro-Area Economy Steams Ahead as ECB Waits for Inflation – BB

Treasury Quarterly Refunding Announcement – Marc Chandler
Options Traders Aren’t Sweating the Debt Ceiling – WSJ

BofA: The longer this continues, the more it echoes 2004-2007 – ZH
SocGen: "Low Vol Can Misprice High Yield By Up To 30%" – ZH
Gary Shilling: Six Things Central Banks Don't Get About Wages, Part 2 – BB
Global Growth Depends on China's Debt – BB
FX: where is the ECB’s pain threshold? – Nordea
Greenspan Sees No Stock Excess, Warns of Bond Market Bubble – BB

Morning Report APACTF
Global equities remain pretty strong with both Japan and China likely to produce strong data this week following in the steps of the US. The AUD still at around US 80 cents is the one to watch with the Reserve Bank of Australia likely to keep the benchmark rate at 1.5%

FirstFT Daily BriefingFT
Scaramucci out, Venezuela opposition targeted, battle over genetic data

Brexit to Raise Bank Costs, BP Returns to Profit

“Best of the web” daily chartsLukas Daalder

Danske DailyDanske Bank

Euro-area GDP and US core inflation to surprise on the upside? * Peripheral spreads tightened as German yields broadly unchanged * EUR/USD above 1.18 for first time since early 2015

Morning MarketsTF
A higher Caixin manufacturing PMI for July spread cheer in Asian markets on Tuesday. Stocks rose in Japan and China and jumped in Hong Kong. Meanwhile manufacturing is contracting in most of Southeast Asia as shown by a Nikkei ASEAN manufacturing PMI reading below 50. The Reserve Bank of Australia kept rates on hold for an 11th consecutive month as expected.

From the FloorTF
Saxo Bank head of forex strategy John J Hardy says that sterling prices appear elevated ahead of Thursday's Bank of England meeting, adding that there is little fundamental backing for the upside surge given Britain's troubled Brexit talks with the European Union.

Daily Market CommentMarc Chandler
The Most the Dollar Can Hope for on Turn Around Tuesday is Consolidation

Brussels PlaybookPolitico
RIP Scaramucci — France labor reform progress

Five Things You Need to Know to Start Your DayBB

10 things you need to know before the opening bellBI

US Open ZH
Dow Set To Open Above 22,000 As Global Stocks Levitate Higher


Yhdysvalloista saadaan yksityisen kulutuksen inflaatio * Euroalueen pohjainflaatio yllätti ylöspäin * EURUSD ylitti 1,18-tason