Roundups &
Commentary
Frontrunning – ZH
The Lunch Wrap – alphaville
/ FT
Emerging N.Y. headlines – beyondbrics
/ FT
Midday Express (EU daily
news) – Europa
Daily press summary – Open Europe
Morning MoneyBeat: Another Bear Bites the Dust – WSJ
Morning Bond Update – TradingFloor
More News, but Broad FX Consolidation Continues – Marc
to Market
EUROPE
BoE preview: Waiting for forward guidance –
just a little bit longer – Nordea
German Ifo expectations almost unchanged – Danske
Bank (pdf)
Still points to growth
around 0.5% q/q in Germany
ECB
Monetary Developments
June
– ECB (pdf)
M1 sends strong growth signal but bank lending
continues to contract – Danske
Bank (pdf)
ECB Says Bank Loans to Private Sector Shrink
Most on Record – BB
Loans to the private
sector dropped 1.6 percent from a year earlier. That’s the 14th monthly decline
and the biggest since the start of the single currency in 1999.
Euro zone credit slump deepens in June as loans
to business shrink – Reuters
Loans to private
sector shrink 1.6 pct * Weak lending figures highlight impediment to recovery *
ECB meets next week, no change in rates expected
ECB preview: More
clarity on forward guidance? – Nordea
OTHER
A different
multiplier – Buttonwood
/ The Economist
Forward guidance is the new big hope of monetary policy; the theory is
that, by bringing certainty to businesses and consumers, it gives them
confidence about the future. And confidence generates economic growth.
FINNISH
Vähittäiskaupan pikaennakko: myynti laski
kesäkuussa 1,3% y-o-y
– Tilastokeskus
Uusia yrityksiä perustetaan entistä vähemmän – Tilastokeskus