26th Aug - Yellen's J-hole unsurprising

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EUROPE

French support for the EU project is crumbling on the Left and Right – The Telegraph

EZ Bank Selloff Still Isn’t Putting a Dent in the Corporate Lending Upswing – WSJ

Euro area credit flows prove resilient – Pictet

UNITED STATES

FED / JACKSON HOLE

  Jackson Hole Conference Schedule And List Of Attendees Released – ZH

"Will Yellen Shock Today?" – ZH

See Markets React to Yellen in 7 Charts – WSJ 

For Janet Yellen, This Market Reaction May Be Mission Accomplished – WSJ

"Hawkish" Yellen Speech Sparks Buying Spree In Everything (Except Dollars) – ZH

Goldman: "Yellen Remarks Point To Higher Odds Of Sep Hike", Market Disagrees – ZH

Best Reaction Yet: "Yellen Speech A Whole Lot Of Nothing" – ZH

Policy Error? Treasury Curve Crashes To Dec 2007 Lows – ZH

"Bad Cop" Fischer Spoils "Good Cop" Yellen's Party: Stocks Plunge, VIX Spikes – ZH

Yellen on negative rates: we do not speak its name – FT

Yellen Wisely Keeps the Fed on a Steady Course – View / BB

Odds of a September Rate Rise Double After Yellen’s Speech – WSJ

Janet Yellen, Once the Challenger, Is Now the Challenged – WSJ

OTHER

Most Long-Term Profitable Traders are Under Water Most of the Time – Peter Brandt

Paul Tudor Jones & the Nature of the Beast – Ben Carlson

US Banks Are Global Outlier As 'Yield Curve' Inverts For First Time Since Lehman – ZH

REGULARS

Danske Daily – Danske Bank

Eye-Opener – Nordea

Solid US data, markets steady in a “wait-and-see” for Yellen * Market prices 56% chance for another Fed hike this year * USD in tight range ahead of Yellen’s speech 16:00 CET

Morning Markets – TF

She doesn't really like the limelight but she's in the full-on glare Friday and markets are looking to Janet Yellen to deliver something.

Euro wrap-up – Daiwa

Daily Market Comment – Marc Chandler

And now for Yellen...

Daily Market Comment – Macro Man

...and now for something completely different

Daily Press Summary – Open Europe

Brussels Playbook – Politico

US Open – ZH

With Janet Yellen Just Hours Away, Directionless Markets Wait For A Signal

Frontrunning – ZH

FX Update – TF

Fed chair Yellen’s speech today at the Fed’s Jackson Hole Symposium presents two way risks for USD traders as well as the risk that the initial reaction is misleading if it merely hinges on the short-term implications for rate hikes. In any case the Fed will inevitably present a longer term policy stance roadmap that can’t help but have a long-term influence on the USD as well.

From the Floor – TF

Today's European session opens in the long shadow of Federal Reserve chair Janet Yellen's speech at Jackson Hole and while Japanese inflation and Opec jawboning are certainly having their respective effects today is all about the dollar.

FINNISH

Aamukatsaus – Nordea

Yellen puhuu, markkinat kuuntelevat * Vahvat kestokulutustavaroiden tilaukset USA:ssa * Saksan rahoitusmarkkinoiden luottamus (Ifo) laski voimakkaasti * Britannian vähittäismyyntikyselyn mukaan vähittäismyynti pysyisi elokuussa vahvana

Taloustieteilijät: Suomen heikko talouskasvu on paradoksi – HS

Bengt Holmström, Sixten Korkman ja Vesa Vihriälä kirjoittivat valtiovarainministeri Petteri Orpolle katsauksen Suomen talouspolitiikan uudesta suunnasta.

Koskenkylä: Euroopan unionin ja euroalueen synkkä syksy – SU

Brexit on tyhmä mutta ymmärrettävä, koska joku häviää globalisaation – Verkkouutiset

Liian vapaat markkinat ja globalisaatio johtavat populismin nousuun. Tarvitaan valtioiden väliintuloa, sanoo Sixten Korkman.

Angela Merkel varoittaa: Brexit voi olla EU:n katkeamispiste – Verkkouutiset

Saksan liittokanslerin mukaan Brexitin seuraukset on kohdattava ja niihin tulee vastata onnistuneesti.