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Wednesday, July 25

25th Jul - US, EU trade deal


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EUROPE
Leonid Bershidsky: Russia’s Helsinki Narrative Hides an Inconvenient TruthBB
Moscow’s campaign of innuendo makes both Trump and his opponents uncomfortable, but it shows Putin came out empty-handed.3

  EUROPEAN CENTRAL BANK
ECB: Whatever it took – in chartsDanske Bank

Marcus Ashworth: Draghi Needs a Pre-Beach Communications Cleanup BB
The ECB’s message has got unstuck, and investors are paying for it.

Euro area lending dynamics in good shapePictet
The ECB’s M3 and credit report for June just published confirms that lending dynamics continue to be in a good shape in the euro area, boding well for private investment.


UNITED STATES
Twelve charts to watch for signs of the next U.S. downturn Reuters
  
Yes, Russian Election Sabotage Helped Trump WinBB
Republicans want you to think that meddling didn’t figure in the 2016 election result. Don’t.


OTHER
2018 External Sector ReportIMF
Tackling Global Imbalances amid Rising Trade Tensions

Facebook Shares Drop 20% Post-Market on Revenue Growth ForecastBB

  US-EU TRADE TALKS
‘Tariffs Are the Greatest,’ Trump Tweets Before Juncker Meeting
BB
Head of European Commission in Washington as trade war looms * President says U.S. is a ‘piggy bank’ that’s been robbed

Trump Says U.S., EU Must Cut All Tariffs Ahead of Key TalksBB
EU chiefs meet Trump in last-ditch bid to prevent car levies * Europe prepares $20 billion retaliation if U.S. raises tariffs

Juncker Goes To Washington, Hopes To "De-dramatize" EU-US RelationsZH

How Europe Should Respond to Trump on TradeBB
Don’t capitulate, don’t provoke — instead, strike a deal.

"No Weakness" On Tariffs Vows Trump Ahead Of Critical EU Trade MeetingZH

Juncker Should Hope Trump Doesn't See This Chart Before MeetingBB

Germany Seeks Japan Alliance to Counter Trump's America FirstBB
Nations should join forces to protect rules-based global order * German Foreign Minister Heiko Maas comments in speech in Tokyo

Trump, Juncker Announce Deal Pulling Back From U.S.-EU Trade WarBB
EU to expand imports of U.S. soybeans and natural gas * Trump says both sides will work toward ‘zero’ tariffs

Trump, EU leader pledge to cut trade barriers, hold off on further tariffsReuters

We Have A Deal: Trump And Juncker Agree To Avert A Trade WarZH

The Art of The Deal Sends Stocks SoaringZH

  US-CHINA
Goodbye, China Deleveraging. Onward Belt and Road?
BB
Asian allies can expect sweeter terms as Beijing’s focus switches to growth.

China pulls approval for Facebook's planned venture: NYTBB


REGULARS
EU Open RundownRANsquawk

FirstFT Daily BriefingFT
May’s Brexit, emissions, social media tax

WSJ CityWSJ
Deutsche Bank Confirms Brighter Picture, Juncker Set to Face Trump and His Tweets

WSJ EconomicsWSJ
White House Readies Aid for Farmers Hurt In Trade Battles

Danske DailyDanske Bank

Daily Market CommentMarc Chandler
Narrow Ranges Prevail

Brussels PlaybookPolitico
Juncker’s Trump history — Theresa May takes over — No love for Bannon

Five Things You Need to Know to Start Your DayBB
 
US OpenZH
Global Rally Stalls, Dollar Slides As Attention Turns To Trade

AamukatsausNordea
Euroalueen ostopäällikköindeksi laski hieman odotettua enemmän | Suomesta saatiin vahvoja työmarkkinalukuja | Turkin keskuspankki piti ohjauskoron yllättäen ennallaan, liira heikentyi selvästi

Jan Hurri: Outoa paheksua Trumpin tulleja, mutta kehua Suomen kikyäTalSa
Kauppasota on talouden suuri riski, mutta siitä on turha syyttää vain Yhdysvaltoja. Trumpin tullit kärjistävät kauppasuhteita, mutta samanlaista kotiinpäin vetämistä olivat Saksan ja Suomenkin kikyt aiemmin, kirjoittaa erikoistoimittaja Jan Hurri.

Juhani Huopainen: Hurskastelua valuutta- ja kauppasodistaSijoitustieto