Follow ‘MoreLiver’ on Twitter
EUROPE
Stiglitz Wants ‘Amicable Divorce’ If Euro Area
Can’t Reform – BB
UNITED
KINGDOM
Public confidence in
economy recovers after Brexit vote – The
Guardian
Britons less gloomy
about economy in August: poll – Reuters
British shoppers defy
Brexit shock as spending jumps in July – Reuters
Brexit Means Little to
British Consumers When the Sun Is Shining – BB
Norway's PM softens
stance on Britain joining EFTA – Reuters
UNITED STATES
Fed's Dudley upbeat on U.S. employment, return
of middle-wage jobs – Reuters
BofA’s preview of Yellen At Jackson Hole Meeting
– ZH
OTHER
How Global Elites Forsake Their Countrymen – WSJ
Those in power see
people at the bottom as aliens whose bizarre emotions they must try to manage.
Global FX Strategy: Pokémonetary policy, Go! – Nordea
This summer’s Brexit
vote has added more fuel to the yield-grab fire. The Fed has recently started
to warn about rate hikes, but such warnings are treated with little respect.
Instead, market participants have started to ponder a hiked US inflation
target. We think that is unlikely within a market-relevant horizon and instead
expect a growth pick-up – and the Fed – to rehawk Fed expectations.
REGULARS
Danske Daily
– Danske
Bank
Eye-Opener
– Nordea
FOMC minutes disappointed, first
post-Brexit evidence today * UK data to reveal more on the Brexit impact * Yields
lower as the markets expected more hawkish FOMC minutes * USD broadly unchanged
against EUR – waiting for Jackson Hole.
Morning Markets
– TF
Euro wrap-up
– Daiwa
Daily Market Comment
– Marc
Chandler
US Dollar Pushed Lower, but Do FOMC
Minutes Really Trump Dudley?
Daily Market Comment
– Macro
Man
Daily Shot
– TF
Daily Press Summary
– Open
Europe
The Times: Renzi to drop bid for
speedy Brexit in return for Merkel’s support on budget deficit * UK retail
sales grow strongly post Brexit while Moody’s warns of slowdown in investment *
Sturgeon calls on Government to guarantee EU citizens’ rights * Number of
Eastern European workers in the UK reaches 1 million * SPD left wing revolts
against EU-Canada free trade deal * Turkey hits back over German ‘Islamist hub'
allegations * Irish business sentiment hit hard by UK vote to leave the EU * Merkel
dismisses link between refugee inflow and terrorism * Tsipras pledges to do
“whatever is necessary” to get Germany to pay WWII reparations * Financial
Transaction Tax delayed further due to lack of agreement
Brussels Playbook
– Politico
Cyprus reunification on track —
Brussels and Paris less liveable — When tomatoes attack
US Open – ZH
S&P Futures Unchanged As Europe
Rises; Dollar Slide Sends Oil Above $47
Frontrunning
– ZH
FX Update
– TF
From the Floor
– TF
FINNISH
Aamukatsaus
– Nordea
Parempi myöhään
kuin liian aikaisin - Fedin kokouspöytäkirjan kyyhkymäinen sävy painoi dollaria
* Huomio kohdistuu tänään Britannian heinäkuun vähittäismyyntiraporttiin *
Tänään julkaistavassa EKP:n kokouspöytäkirjassa tuskin yllätyksiä