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EUROPE
Economy in eastern Germany won’t catch up for
decades: study – Politico
An exodus of young
people and low birth rates since 1990 has hindered growth in states from the
former GDR.
ECB Preview: Still awaiting more information – Danske
Bank
We have changed our view
and now expect the ECB to remain on hold
inSeptember. We believe that in the ECB’s view the incoming information since
July does not warrant additional easing.
Does This Mean There’ll Be No U.K. Recession? – WSJ
UNITED STATES
GS on Jackson Hole: These 3 Currencies Will Move
Most – ZH
Kocherlakota: What the Fed Chief's Next Message
Should Be – View
/ BB
Investors and the public
need to hear a credible plan for managing the economy.
OTHER
Matt King's Explanation Of How Central Banks Got
It All Wrong – ZH
Recession Probabilities – FED
Bonds: Draghi’s pancakes will not get any
flatter – Nordea
Swap spreads tightened
significantly after the Brexit vote, reverting close to their mean since the
start of the year. The Euro area swap curve has since summer flattened
mirroring the German bonds’ performance.
REGULARS
Danske Daily
– Danske
Bank
Eye-Opener
– Nordea
More upside data surprises from the
UK * Coeuré says that ECB may do more * USD lacks direction until Friday’s
Yellen speech
Morning Markets
– TF
Yesterday's extremely solid new home
sales print appears likely to lend weight to the arguments of Federal Reserve
hawks with today's existing home sales print the main US data release on the
day. All of the recent hawkish talk however has not moved the USD a great deal
versus the majors particularly JPY.
Euro wrap-up
– Daiwa
Daily Market Comment
– Marc
Chandler
Narrowly Mixed Greenback in Summer
Churn
Daily Market Comment
– Macro
Man
Musings on the flatness of the ED
curve
Daily Press Summary
– Open
Europe
Brussels Playbook
– Politico
US Open – ZH
S&P Set For New Record Highs As
Futures, Dollar Rise; Oil Slides
Frontrunning
– ZH
FX Update
– TF
The USD perked up again late
yesterday after the latest bout of weakening as traders dither ahead of
Friday’s speech from Fed chair Yellen. AUDUSD is pushing on a key support area
again and EURGBP is in danger of breaking down.
FINNISH
Aamukatsaus – Nordea
Euroalueen
katseet kääntyvät talouspolitiikkaan * USA:n teollisuuden ostopäällikköindeksi
(PMI) laski * Euroalueen kuluttajian luottamus jatkoi laskua * Tänään
julkaistaan Norjan ensi vuoden öljyinvestointeja koskevan kyselyn tulokset
Asuntojen myynti notkahti selvästi
keskikesällä – Verkkouutiset