EUROPE
Euro area PMIs:
still little good news below the surface – Pictet
We
see little evidence of a rebound in business taking shape, reinforcing our
revised 2018 GDP growth forecast.
WTO Warns U.K.
About Global Impact of No-Deal Brexit – BB
Azevedo
says tariffs ‘unlikely’ to be agreed with all members * Nations likely to seek
new trade concessions from the U.K.
Italy's Populists
Turn to Trump and China – BB
Trump
has offered to buy Italian debt, Corriere reported * Italy’s finance minister
will go to China to attract investors
UNITED STATES
The Evidence Is
Tipping Toward Impeachment – BB
There
will come a point when Trump’s unwillingness to uphold the Constitution is so
undeniable that Congress would be remiss to not remove him. We’re getting
there.
FEDERAL RESERVE
Here Comes Powell
But Draghi And Kuroda Strangely Absent From Jackson Hole – ZH
Powell speaks on a
changing economy –
ING
So
what has changed about the economy? What will Powell talk about? For me, the
biggest changes in the economy concern the consumption and production of
virtual goods, and the flattening of the Philipps curve. Both suggest that
central bank policy needs to adapt. But has it?
Powell’s Homage to
Greenspan Hints at a Fed Flashback – BB
At
Jackson Hole, the chairman goes retro by quoting a sage who went out of style
with the last financial crisis.
Fed chief Powell
defends policy of gradual rate hikes – Reuters
Fed Chairman
Powell Says Gradual Hikes Likely Needed If Economy Stays Healthy – BB
Sees
good reason to expect ‘strong performance’ to continue * Powell delivers first
speech at Jackson Hole as Fed chairman
OTHER
Editorial: South
Africa’s Risky Populist Turn – BB
Land
seizures are more likely to hurt the economy — and the poorest — than to remedy
inequality.
REGULARS
EU Open Rundown – RANsquawk
FirstFT Daily
Briefing
– FT
Daily Market
Comment
– Marc
Chandler
Greenback
Marks Time Ahead of Powell
Brussels Playbook – Politico
Intrigue
at the Berlaymont — Forgetting Franco — New Australian PM
Five Things You
Need to Know to Start Your Day – BB
US Open – ZH
Dollar
Slides Ahead Of Powell Speech, Stocks Rise After China Market Intervention
US Open Rundown – RANsquawk
Aamukatsaus – Nordea
Fedin Jackson Holen konferenssi markkinoiden huomion
keskipisteessä tänään | Euroalueen ostopäällikköindeksit hieman odotuksia
heikommat, EKP uskoo edelleen inflaation kiihtymiseen | Dollari vahvistui
Kiina-tullien myötä tappioputken jälkeen