EUROPE
EUROZONE REFORM
Merkel, Macron agree euro zone budget in 'new chapter' for bloc – Reuters
Merkel, Macron Reach Deal on Euro Reforms to
Challenge the Dollar – BB
GERMANY
Leonid Bershidsky: Merkel Will Ride Out This
Crisis, Too – BB
Trump will be
disappointed if he thinks the uproar over migrants will be her downfall.
Germany: Merkel sunset postponed – ING
The growing government
crisis in Germany has been defused, temporarily. However, the fact that the
interior minister has given the chancellor a kind of ultimatum shows once again
that the situation remains strained
MIGRATION CRISIS
Europe and the U.S. Could Make Migration
Manageable – BB
Solutions exist, but the
issue has become too politicized for politicians to consider them.
EU tries to assuage German, Italian concerns on
migration – Reuters
EU will agree next week
to look into creating disembarkation platforms in north Africa and elsewhere to
decide asylum requests before claimants get to Europe, a draft statement ahead
of an EU summit showed.
EU May Commit to Limit Migrant Moves Amid German
Cabinet Strife – BB
Bloc’s leaders to issue
statement on asylum-seekers at summit * Governments to take steps to stem
refugee movements within EU
EU to consider ‘migrant centres’ outside bloc – FT
Idea for triage of
asylum seekers skirts policy divisions but faces legal obstacles
Why Trump has it in for Merkel – FT
The German chancellor
and the US president represent different positions on migration
UNITED STATES
U.S. Plans to Withdraw
From UN Human Rights Council Today – BB
Haley has said panel wages ‘pathological’ anti-Israel campaign * U.K.’s
Johnson has said council is flawed but has value
OTHER
Market
Correlations Like 2016 Suggest Dominoes Are Lining Up to Fall – BB
Morgan
Stanley cross-asset gauge shows systemic risk building * Development could
spell an end to profitable hedge fund trade
El-Erian: Why Markets and Political Scientists Disagree on the G7 – Project Syndicate
Contrary
to the warnings of some political analysts, even after the recent debacle in
Canada, the G7 can and will play a role – albeit a less important one – on the
global stage. But that does not mean that the summit's failure was cost-free.
Hedge
Funds' Best Ideas? Those Are Just Stocks They're Dumping – BB
Harvard
Business School PhD published paper in April * Stocks were their ‘best ideas’
but not likely any longer
TRADE WAR
Trump Calls For
$200BN More In Chinese Tariffs, Beijing Vows To "Hit Back" – ZH
China Takes a Hit,
but What is Next?
– Marc
Chandler
Trump threatens
almost all imports from China as Beijing fires back – Reuters
REGULARS
FirstFT Daily Briefing – FT
Markets trauma, IBM’s AI debater, productive slacking
Trump Escalates Trade Conflict With China, No ‘Taper Tantrum’ Just Yet
WSJ Economics – WSJ
Trump Dials Up Pressure On China, Threatens Another $200B In Tariffs
Danske Daily – Danske
Bank
America
First Clashes With Made in China 2025
Brussels Playbook – Politico
Danke Donald, love Angela — Poles still heart Tusk — Salvini aims at Roma
Five Things You Need to
Know to Start Your Day – BB
US Open – ZH
Global Markets Tumble As Trade War Fears Spike; China Crashes
FINNISH
Aamukatsaus – Nordea
Trump uhkasi Kiinaa jälleen uusilla tariffeilla | EKP:n
konferenssi jatkuu Sintrassa, luvassa puheenvuoroja | Datajulkistusten osalta
tulossa hiljainen päivä