EUROPE
EUROPEAN
CENTRAL BANK
Introductory
statement to the press conference – ECB
ECB Sticks to Its
Knitting, No Surprises – Marc
Chandler
Message from the
ECB: Enjoy summer!
– Pictet
Trump’s Trade War
Is Uniting ECB Hawks and Doves – BB
German
monetary hawks finally have something bigger than inflation to worry about.
ECB Pledges QE End
By Year End, Rates On Hold Until Next "Summer" – ZH
ECB Watch: Summer
in the City (of Frankfurt) – Nordea
The
ECB did not reveal any new monetary policy signals at today’s meeting, but did
point to prominent trade war risks. We see some upside for longer bond yields,
not because of the ECB but because of recent trade negotiations.
ECB: Get back to
the cold drinks, nothing to see here – ING
ECB
leaves everything unchanged and confirms main messages from June
OTHER
TRADE WARS
Leonid Bershidsky: How the EU Bureaucrat Won Bigger Than Trump – BB
Leonid Bershidsky: How the EU Bureaucrat Won Bigger Than Trump – BB
Trump
needed a deal, but it’s the European Commission president who exceeded
expectations.
Editorial: Trump’s
Welcome Retreat on Trade War – BB
He
took a softer line after meeting with the president of the European Commission.
Let’s hope it lasts.
Goldman: Ceasefire
With EU Makes Trump's Trade War With China Even Worse – ZH
Noah Smith: Trump
Is Fighting the Wrong Kind of Trade Wars – BB
Aside
from China, the president is aiming his fire in the wrong direction.
REGULARS
EU Open Rundown – RANsquawk
FirstFT Daily
Briefing
– FT
US-EU
trade truce, Pakistan vote, Facebook friendless
WSJ City – WSJ
US
and Europe Agree to Iron Out Trade Differences, Facebook Falls on Revenue
Warning
WSJ Economics – WSJ
Trump
Announces ‘New Phase’ For U.S.-EU Trade, Auto Tariffs On Hold
Danske Daily – Danske
Bank
Daily Market
Comment
– Marc
Chandler
Equities
like EU-US Trade Truce more than the Euro
Brussels Playbook – Politico
Trump
loves EU — Sticking points — Poland’s bad day in court
Five Things You
Need to Know to Start Your Day – BB
US Open – ZH
A
Tale Of Two Markets: Trade War Relief Mixed With Tech Rout
Aamukatsaus – Nordea
Presidentti Trump ja EU:n Jean-Claude Juncker pääsivät
alustavaan sopimukseen kauppaneuvotteluissa | Päivän tärkein tapahtuma on EKP:n
kokous | Riskinottohalukkuus oli kasvussa kauppaneuvotteluiden myötä