Follow ‘MoreLiver’ on Twitter
EUROPE
German
Bonds on Track for New Record – WSJ
Already,
yields on the country’s outstanding 10-year government debt have plumbed record
lows, edging close to 1%.
The Old Continent’s Road to Ruin
(Through Moscow) –Wolf
Street
Who will
fold first? That's the question in the escalating trade war that has already
hit European and Russian companies and their economies.
ECB
publishes Comprehensive Assessment Stress Test Manual – ECB
ITALY
Italy has pushed through a package of
support measures for the economy that offers some help to businesses, but
pressure is rising on Prime Minister Matteo Renzi to take more significant
steps to pull the country out of recession.
Mario
Draghi says Italy can only blame itself for its third
recession since 2008.
MACRO NUMBERS
Trade boost
may not save German economy from second-quarter contraction – Reuters
UK trade
deficit widens in June, but construction recovers – Reuters
U.K. House
Prices Rise to Record as Sales Surge – BB
UNITED STATES
MACRO NUMBERS
Q2 US Labor
Costs Miss After Massive "One-Off" Spike Revision In Q1 – ZH
U.S.
productivity rebounds in second quarter, wage inflation muted – Reuters
ASIA
Misfiring
Australian Economy Brings Rate Cut Closer – WSJ
RBA Lowers
Growth, Inflation Forecasts; Says Rates on Hold – BB
China posts
record trade surplus, but domestic economy may lag – Reuters
China
Reports Record Trade Surplus – BB
What the
Latest Economic Data Say About China’s Changing Growth Model – WSJ
BOJ offers
bleaker exports view, but Kuroda stays upbeat – Reuters
BOJ Holds
Stimulus as Weaker Economy Challenges Kuroda – BB
OTHER
Daily
Macro – WSJ
Stocks
markets around the world have slumped even further, and safe-haven plays such
as German bunds and the yen have gained again, as news of U.S. air strikes in
Iraq added to overall concerns about global conflict and signs of soft growth
in Europe and China.
Daily
Central Banks – WSJ
Blackstone’s
Take: Without QE, the ECB Can Only Hope for a Weak Euro * ECB’s Draghi Gives
Nod to Weaker Euro * Economists Still Betting on Mid-2015 Fed Rate Rise, WSJ
Survey Shows * Two Fed Officials Stake Out Different Positions on Market Levels
* BOJ Sees Weakness in Exports, Industrial Production
Short
Squeeze Lifts Euro, while Falling Yields Weigh on Dollar – Marc
to Market
BTFD? – FT
Your recent
flight to safety and the pain of carry trades in the face of Ukraine and the
FOMC, charted and worded by Hartnett and BofAML:
Hot Air
Hisses out of Junk Bonds, ‘Prisoner Dilemma’ Ensues – Wolf
Street
On the
Recent Anxiety in High Yield Bonds – The
Aleph Blog
FINNISH
Viikon talouspäivitykset – Roger
Wessman
Teollisuustuotanto kesäkuussa -1,4% YoY – Tilastokeskus
Teollisuuden uudet tilaukset kesäkuussa -4,6% YoY – Tilastokeskus