Loan
growth in the eurozone remained stable in June, while the Bank lending survey
indicates that credit conditions have tightened. If the ECB doves required
another reason to provide further stimulus, here it is
ECB
Has Five Reasons to Delay Stimulus Decision to September – BB
Fed
decision, pending economic data justify a gradual approach * Markets see
roughly 30% chance of a rate cut on Thursday
How
will the ECB help banks? – ABN
AMRO
Deposit
rate tiering is more complex than it seems * Banks tighten lending standards on
loans to companies
Declining
eurozone PMI: More ammunition for ECB doves – ING
The
Eurozone PMI declined from 52.2 to 51.5 in July, thanks to deepening
manufacturing contraction. If the European Central Bank takes this release
seriously at tomorrow’s meeting, it would nudge them more towards quick action
UNITED STATES
Editorial:
The New Fiscal Consensus Is an Accident Waiting to Happen – BB
Avoiding
a phony debt-ceiling crisis is good. Spending without restraint is not.
REGULARS
Five
Things to Start Your Day Asia – BB
Eco
Day Asia
– BB
IMF
Cuts Outlook, U.S.-China Talks, PBOC's Yi on Rates * Easy money extreme: Some
Swiss banks paying clients to borrow * The #NoMarriage movement is adding to
Korea’s economic worries
Five
Things to Start Your Day Europe – BB
EU
Open Rundown
– RANsquawk
FirstFT
Daily Briefing
– FT
Brussels
Edition –
BB
Brussels
Playbook
– Politico
Bracing
for Boris — Will The Dude abide? — Juncker’s last hurrahs
Danske
Daily
– Danske
Bank
No
new government in Spain * 'Japan-South Korean relations in very severe state' *
Manufacturing and services PMIs out of the euro area
Eco
Day Europe
– BB
ECB's
5 Reasons, U.S.-China Talks, Moving Goalposts * ECB officials have plenty of
reasons to wait before stimulus * U.S. Lighthizer is set to travel to China for
trade talks
Daily
Market Comment
– Marc
Chandler
Poor
PMI Weighs on Euro Ahead of ECB
Five
Things to Start Your Day US – BB
US
Open Rundown
– RANsquawk
Eco
Day US
– BB
Targeting
Debate, Trade Talks to Resume, ECB Preview * Central Banks missing inflation
goals study moving posts * U.S. negotiators to head to China for face-to-face
talk
FINNISH
Aamukatsaus – Nordea
Boris Johnsonista
Ison-Britannian konservatiivipuolueen johtaja ja uusi pääministeri | Euroalueen
ja USA:n alustavat ostopäällikköindeksit heinäkuulta julkaistaan tänään | USA:n
ja Kiinan edustajat tapaavat maanantaina jatkaakseen kauppaneuvotteluita