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Friday, July 13

13th Jul - Testing upside




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EUROPE
Emmanuel Macron Gets a Lesson In Hubris – BB
Matteo Renzi shows what happens when you disconnect from ordinary voters.

  UNITED KINGDOM
Trump Isn’t Getting the Brexit He Wanted – BB
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 Brexit – BB
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 ties – FT
After attacking May in interview, US president insists ‘whatever you do is OK with me’


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


OTHER
US Blasts China, Russia Over Sneaky Oil Sales To North Korea; Urges UN Action – ZH

  TRADE WAR
Eichengreen: The Economic Consequences of Trump’s Trade War – Project 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 Republicans – BB
GOP worries about the impact of US trade wars in hard-fought congressional districts

Stocks, Bonds, Dollar All Soar After Tariff Tantrum – ZH

  TRUMP-PUTIN MEETING
Leonid Bershidsky: Putin and Trump Will Put On an Empty Show – BB
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 danger – Reuters

Commentary: In Helsinki, high stakes and history for Trump and Putin – Reuters


REGULARS
EU Open Rundown – RANsquawk

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

WSJ Economics – WSJ

Danske Daily – Danske Bank

Daily Market Comment – Marc Chandler
Trump Trips Sterling, but Greenback Enjoys Broad Gains

Brussels Playbook – Politico
The Donald Trumps NATO and May — Thyssen out — Tusk walking

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

Aamukatsaus – Nordea
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