Roundups
News roundup – Between
The Hedges
The 6am Cut London – alphaville
/ FT
Emerging Markets
Headlines – beyondbrics
/ FT
Europe Morning MoneyBeat: Sense Of Calm Returns at
Last – WSJ
MORNING BRIEFINGS
A German consumer
survey will paint an optimistic picture while final first quarter gross
domestic product figures for France and the United States will remind us that
there is still plenty of room for economic improvement elsewhere.
European markets are
expected to open higher Wednesday. Traders await today's German GfK consumer
confidence survey for July for growth cues. Also, today’s revised US first quarter GDP will be in focus which is
likely to match the earlier estimate.
Danske Daily – Danske
Bank (pdf)
After failing to
reach an agreement last Friday EU-finance ministers will meet again today in
Brussels in another attempt to agree on a resolution mechanism for failing banks
as part of a banking union framework
Aamukatsaus – Nordea
Bondiostojen
vähentäminen taas askelta lähempänä USA:ssa * Positiivinen jenkkidata lisäsi
korkojen nousupaineita
ASIA
The Chinese central
bank promised to provide liquidity support to any financial institution
strapped for cash. What is more, without naming any names, the central bank
said it had already provided such support.
China’s cash crunch saga may be Beijing’s new way to tame its banks wild lending. But
to Nobel prize-winning economist Robert Mundell, it’s a “strange way” to handle
the crunch.
OTHER
Sovereign Default
Risk for Problem Areas – Bespoke
Rates morning comment – Nordea
PBoC softens its stance. US data beats
expectations. ECB probably not very concerned with rising interest rates
13 Bankers – Five
Books
By Simon Johnson and James Kwak
FINNISH
Ilman euroa Suomen asema olisi paljon
huonompi – HS
Euro on
tuonut Suomen talouteen ennennäkemätöntä vakautta. Uudistusten ansiosta
euroalueella on tulevaisuudessa entistäkin paremmat valmiudet kohdata kriisejä.