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Friday, July 13

13th Jul - Testing upside

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Emmanuel Macron Gets a Lesson In HubrisBB
Matteo Renzi shows what happens when you disconnect from ordinary voters.

Trump Isn’t Getting the Brexit He WantedBB
The U.K.’s populist triumph is now in doubt. What about the U.S. version?

May Seeks to Salvage Trump Trip After President’s Brexit Warning BB
U.S. President backs Boris Johnson as future prime minister * U.K. minister tries to play down the attack on May’s policy

Trump Apologizes to May and Vows U.K. Trade Deal After BrexitBB
Trump says some of his remarks left out of Sun report * British prime minister is ‘doing a terrific job,’ he says

Trump switches tack on Brexit in bid to repair tiesFT
After attacking May in interview, US president insists ‘whatever you do is OK with me’

Mexico opposes U.S. plan to make it take asylum seekers Reuters

US Blasts China, Russia Over Sneaky Oil Sales To North Korea; Urges UN ActionZH

Eichengreen: The Economic Consequences of Trump’s Trade WarProject Syndicate
For those who observe that the economic and financial fallout from US President Donald Trump’s trade war has been surprisingly small, the best response is that a lagged effect is exactly what we should expect. Just wait.

Trump’s trade war rattles RepublicansBB
GOP worries about the impact of US trade wars in hard-fought congressional districts

Stocks, Bonds, Dollar All Soar After Tariff TantrumZH

Leonid Bershidsky: Putin and Trump Will Put On an Empty ShowBB
The have a lot of shared interests, but there’s no chance of a deal.

As Trump says Putin 'not my enemy', skeptics in U.S. see dangerReuters

Commentary: In Helsinki, high stakes and history for Trump and PutinReuters

EU Open RundownRANsquawk

FirstFT Daily Briefing FT
Trump tornado hits UK, World Cup final, Lucy’s end-of-term report

WSJ EconomicsWSJ

Danske DailyDanske Bank

Daily Market CommentMarc Chandler
Trump Trips Sterling, but Greenback Enjoys Broad Gains

Brussels PlaybookPolitico
The Donald Trumps NATO and May — Thyssen out — Tusk walking

Five Things You Need to Know to Start Your Day BB
Futures Fade Gains As Yuan Tumbles On Latest Chinese Data

Suomesta saadaan tänään tuotanto- ja inflaatiolukuja | USA:n inflaatio oli hieman odotuksia korkeampaa kesäkuussa, Ruotsissa hieman matalampaa | EKP:n kesäkuun kokouksen pöytäkirja ei tarjonnut suuria yllätyksiä