Follow ‘MoreLiver’ on Twitter
EUROPE
MiFID II: not all
doom and gloom
– FT
Some
effects may have been exaggerated, but that's not the whole story.
ITALY
Ashoka Mody: Italy Needs to Wake Up and Fix Its Banks – BB
The
euro area’s most vulnerable economy is heading into a storm.
What would ratings
downgrades mean for Italy? – ABN
AMRO
Downgrades
could hurt market sentiment, but what we think really matters is the likelihood
that Italian’s rating drops to non-investment grade.
From "Doom
Loop" To Just "Doom": Italian Debt Faces A "Huge Structural
Shift"
– ZH
OTHER
Feels Like 1997 –
Global Macro
Monitor
Nicholas Colas:
The 1997 Asia Crisis: "We Were There" – ZH
Rising Interest
Rates Challenge China’s Growth Model – BB
As
its economy diverges from the U.S., China faces only hard choices.
Erdogan can’t
sidestep the IMF for long – FT
As
debt repayments come due, Turkey needs more than Qatar
Turkey Rules Out
Capital Controls As Germany Says IMF Bailout "Would Be Helpful" – ZH
"Turkey Is
Rewriting The Crisis Textbook": El-Erian Says It's Time To Cut Exposure – ZH
Turkey Stocks,
Lira Slide After Mnuchin Threatens More Sanctions – ZH
"Virtually
Everybody Knew This Was Coming" – ZH
Global FX: This is
a political world
– ING
Reports
that a Chinese delegation will be heading to Washington for trade talks have
added to the dead cat bounce that we’ve seen in risky assets
China: Pressures
are building
– ABN
AMRO
After
escalation of China-US trade war, there are plans to resume talks soon. Trade tensions have left their mark on
China’s financial markets. We expect CNY to stabilise versus USD, but revise
our end-2018 forecast down. July data provide further signs that the economy is
cooling although growth of exports and imports remains solid despite trade
conflict. Beijing is tweaking its policy mix further to stabilise economy.
REGULARS
FirstFT Daily
Briefing
– FT
WSJ Economics – WSJ
U.S.
Economy Powers Ahead, Global Markets In Focus
Danske Daily – Danske
Bank
Daily Market
Comment
– Marc
Chandler
Emerging
Markets Stabilize, Dollar Eases a Little
Brussels Playbook – Politico
Italy’s
state of emergency — Europe’s Polish future — RIP Rita Borsellino
Five Things You
Need to Know to Start Your Day – BB
US Open – ZH
US
Futures Surge, Yuan Jumps And Dollar Drops As China-US To Resume Trade Talks
US Open Rundown – RANsquawk
Liira vahvistui toista päivää peräkkäin keskuspankin ja
hallinnon toimien myötä | Norjan keskuspankki kokoustaa tänään, koronnostoa
odotetaan syyskuussa | Britannian inflaatio odotusten mukaista heinäkuussa,
öljyn hinta laski alle 71 dollarin