Roundups &
Commentary
Frontrunning – ZH
Overnight: Futures Push Higher Ahead Of Key Retail Sales Print – ZH
The Lunch Wrap – alphaville
/ FT
Daily press summary – Open Europe
Only 17% of Germans think the worst of
eurozone crisis is over; SPD accuses Merkel of lying about the need for
additional aid for Greece
Morning MoneyBeat: Rally’s Persistence Continues to Impress – WSJ
Morning Bond Update: High flying for high yields – TradingFloor
EUROPE
Blogs review: The renationalization of European
finance – Bruegel
The financial crisis
brought the era of rapid financial globalization to a halt. While qualitatively
similar than for the rest of the world, this retrenchment has been
quantitatively larger and more persistent for Europe, where the dislocation is still affecting the
very short-term euro are money markets. Interestingly a similar pattern of
regional financial fragmentation also took place in the recovery from the Great
Depression in the US.
Merkel accused of 'lying' over new Greek
bailout – euobserver
German opposition
parties have piled pressure on Chancellor Angela Merkel after the country's
central bank claimed that Greece would need a further loosening of the terms of
its rescue package.
ECB: No one is 'safe' from euro crisis – euobserver
A new report by the ECB
says that even "safe haven" countries are prone to financial shocks
from the euro crisis.
Who’s in Team Carney? – WSJ
BoE Governor Carney
ushered in a new era at Britain’s central bank last week with a pledge to keep
interest rates at record lows until unemployment falls significantly. Investors
will find out this week how successful he was in winning over colleagues who
have sounded skeptical of such “forward guidance” in the past.
Industrial production
up by 0.7% in euro area – Eurostat
Euro zone industry
output back into growth in June – Reuters
Euro-Area Industrial
Production Expands Less Than Estimated – BB
German Investor
Confidence Rises as Euro Area Resumes Growth – BB
German investor morale
brightens as euro zone picks up – Reuters
ASIA
BOJ Minutes Raise Debt Concerns – WSJ
The minutes of the BoJ
policy-board meeting show that the central bank wants to make sure it isn’t
bailing out a spendthrift government.
FINNISH
Koko
kaupan myynti laski kesäkuussa 5,0% YoY – Tilastokeskus
Kruunukateutta? – VATT
Juhana Vartiainen: Suomalaisten taloushuolia
kuunnellessa huomaa, että monet ajattelevat talousvaikeuksiemme johtuvan
eurojäsenyydestä. Samaan ajatuskulkuun kuuluu Ruotsin talouden vahvuuden
selittäminen maan omalla kruunulla. Tällainen ”kruunukateus” ei havaintojeni
mukaan ole päätöksentekijöiden ja eliitin parissa kovin yleistä, mutta
kansalaisten kysymyksissä ja median keskustelupalstoilla se elää vahvana.
Juhana
Vartiainen puhuu puppua Ruotsista ja rahapolitiikan merkityksestä – ilmeisesti
määrättynä – Tyhmyri