The
task facing Greece’s new government is harder than it needed to be, and Europe
is partly to blame.
Europe
must learn to expect the unexpected – FT
Increasing
political fragmentation makes coherent EU policymaking even harder
EU
top jobs: Restarting the Franco-German motor – ING
In
the battle for the European Union's top jobs, France and Germany have come out
on top. But there may be a price to pay
How
Germany Finds a Leader If Angela Merkel Steps Down Early – BB
Here
is a blueprint for how Merkel’s succession as chancellor could take place.
EUROPEAN CENTRAL BANK
Account
of the monetary policy meeting – ECB
Account
reveals heightened concerns about inflation – ABN
AMRO
The
majority of the Governing Council stands firmly behind the President
The
minutes support the easing expectations – Nordea
The
ECB minutes continued to prepare a ground for further easing. However, Coeuré
played down the role of market-based inflation expectations which supports the
view that they will not hurry. We continue to expect a new easing package in
September.
How
long can the ECB talk the talk without walking the walk? – ING
Minutes
of the June meeting stress the European Central Bank's determination to deliver
more
ECB
‘ready and prepared’ to ease policy amid rising uncertainty – FT
Policymakers
discussed fresh bond buying and lower rates at June meeting
OTHER
What
is behind the US-France tech company tax fight? – FT
Digital
executives fear ratcheting up of transatlantic trade tensions
Donald
Trump Throws a Tax Bomb at Emmanuel Macron – BB
The
White House is using France’s digital tax in an attempt to divide and rule in
the EU. It’s a big test of whether Europe’s leaders will stand by Paris.
REGULARS
Five
Things to Start Your Day Asia – BB
Eco
Day Asia
– BB
Powell
Flags Cut, U.S. Defies China, Korea-Japan Woes * Merkel under pressure on
health over renewed trembling episode * China is winning a silent war to
dominate South China Sea
Five
Things to Start Your Day Europe – BB
EU
Open Rundown
– RANsquawk
FirstFT
Daily Briefing
– FT
Brussels
Briefing
– FT
The
16 German SPD members of the European Parliament are set to reject Ursula von
der Leyen when MEPs vote on her nomination next week
Brussels
Edition
– BB
Brussels
Playbook
– Politico
Verdict
on von der Leyen — Cordon sanitaire lives — Governments vs. good Samaritans
Danske
Daily
– Danske
Bank
ECB
minutes from the June - markets will look out for clues in the minutes on how
ready the GC stands in announcing immediate steps already at the 25 July
meeting. We still lean towards an announcement of an easing package coming in
September
Daily
Market Comment
– Marc
Chandler
Powell
Spurs Equity and Bond Market Rally, While the Greenback Falls Out of Favor
Five
Things to Start Your Day US – BB
US
Open Rundown
– RANsquawk
US
Open
– ZH
S&P
Futures Above 3,000 After Powell "Gives Traders License To Buy
Everything"
Eco
Day US
– BB
Powell
Flags Cut, French Tax Probe, No Rate-Cut Panacea * Why a capex slowdown won’t
trigger a recession in the U.S. * BOE Governor Carney sidesteps query on
interest in IMF role
FINNISH
Aamukatsaus – Nordea
Fedin pöytäkirjat ja Powellin lausunto vahvistivat
odotuksia heinäkuun lopun koronlaskulle | Kevyempää rahapolitiikkaa odottavat
sijoittajat nostivat osakemarkkinoita USA:ssa | USA:n ja Ruotsin kesäkuun
inflaatioluvut julkaistaan tänään