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Monday, July 16

16th Jul - Quiet (Helsinki Summit)




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EUROPE
Euroskeptic Tories Force Theresa May to Back Down: Brexit Update – BB

Salvini Hints at EU Vetoes Unless Sanctions on Russia Are Eased – BB
Italian deputy prime minister said Russia should rejoin G-7 * Russian officials and executives meet Salvini in Moscow


UNITED STATES
Leonid Bershidsky: Hacker Indictments Should Make the Kremlin Squirm – BB
Mueller’s knowledge of individual Russian intelligence officers should make the Kremlin uncomfortable.

Leonid Bershidsky: Putin and Trump Couldn’t Make the Relationship Work – BB
The summit ended without agreements because there’s nothing the leaders can do for each other, however much they would like to.

Editorial: Trump’s Shocking Display Next to Putin – BB
The president failed to stand up for the U.S. against Russian meddling.

Jonathan Bernstein: Trump Risks It All … For What? – BB
The embarrassing meeting with Putin could embolden some Republicans to consider a 2020 primary challenge.

Eli Lake: Trump’s Helsinki Disgrace – BB
The president sees good nations on both sides of the U.S.-Russia relationship.

Solid US retail sales set the stage for bumper GDP
– ING
As US consumers continue to splash the cash, we think the economy grew by around 4% annualised in the second quarter. This should keep the Fed on track for two further rate hikes this year

U.S. Retail Sales Advance for Fifth Month, May Revised Up – BB
‘Control’ group, a key subset of data, misses forecasts * Results still signal solid quarter for consumer spending


OTHER
Google's Day of Reckoning Is About the Next Billion Users – BB
The EU attack on Android might spur developing economies to follow


REGULARS
EU Open Rundown – RANsquawk

FirstFT Daily Briefing – FT
US and Russia’s Finland rendezvous

WSJ City – WSJ
Trump Looks to Lower Expectations Ahead of Putin Summit, China’s Growth Slows a Notch

Danske Daily – Danske Bank

Daily Market Comment – Marc Chandler
Dollar Softens a Little as Market Awaits Developments

Brussels Playbook – Politico
Foes and friends — All eyes on Asia — Vestager vs. Google (again)

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

US Open – ZH
US Futures, European Stocks Rise Even As Chinese Data Spooks Asia

Aamukatsaus – Nordea
Trumpin ja Putinin tapaaminen Helsingissä maailman huomion keskipisteenä | Iso-Britannian kesäkuun inflaatioluvut julkaistaan keskiviikkona | Kiinan talouskasvu hyytyi hieman toisella vuosineljänneksellä, Suomen talous jatkaa kasvu-uralla