EUROPE
EUROPEAN CENTRAL BANK
EUROPEAN CENTRAL BANK
Monetary
policy decisions –
ECB
Introductory
statement to the press conference – ECB
ECB paves way for fresh stimulus package – FT
Draghi
hints at new measures to boost ailing eurozone economy
Seven
Points on the ECB and the Price Action – Marc
Chandler
ECB:
Preparing the big September bang - part II – ING
During
the press conference, Mario Draghi added some flavour to the announced language
changes. Not everyone at the ECB seems to be ready for a big September package
yet, but this should not stop the ECB from acting
The
signalled September ECB easing to keep the euro under pressure – ING
Despite
the euro’s 'buy the rumour sell the fact'-like rebound, we see downside to the
euro over coming months. We expect the ECB to announce a packaged deal of easing
in September (a 20bp cut and QE among other things). This should keep EUR/USD
risks skewed to 1.10 rather than 1.15
ECB
Watch – September stimulus package – ABN
AMRO
ECB
sets scene for September stimulus package – ABN
AMRO
ECB
Watch: Determined to act – Nordea
The
ECB sent clear signals that an easing package will be ahead in September. We
expect another rate cut, more asset purchases and stronger forward guidance.
Today’s message supports the pricing of rate cuts, and the EUR will face
weakening pressure.
GERMANY
German
manufacturing reports industry ‘in freefall’ – FT
Key
survey points to weakest sentiment in nine years
ifo Business Climate Index Falls in July – IFO
Euro area: Recession warning from Germany – Nordea
The
German Ifo index was even gloomier than the PMI data released earlier, and at
face value, already points to a recession in the German economy. Now also the
services sector is taking a beating.
REGULARS
Five
Things to Start Your Day Asia – BB
Five
Things to Start Your Day Europe – BB
EU
Open Rundown
– RANsquawk
FirstFT
Daily Briefing
– FT
Brussels
Edition
– BB
Brussels
Playbook
– Politico
Magic
bean update — Age of BoJo — Why Vienna?
Danske
Daily
– Danske
Bank
Eco
Day Europe
– BB
Greenspan
Backs Cut, Singapore Recession, Strong Dollar * Central Bankers are playing a
dangerous game with asset prices * New York Fed has Black Swan hunter with a
‘flair for darkness’
Daily
Market Comment –
Marc
Chandler
ECB
Takes Center Stage
Five
Things to Start Your Day US – BB
US
Open Rundown
– RANsquawk
US
Open – ZH
Eco
Day US
– BB
ECB
Takes Center Stage, Fed Survey, U.S. Growth Outlook * ECB set to signal
interest rate cut as euro-area economy slows * Fed to cut rates, stick to
balance sheet runoff, survey says
FINNISH
Aamukatsaus – Nordea
Euroalueen heinäkuun
ostopäällikköindeksit vetivät maton alta elpymistoiveilta, teollisuus heikoin
lenkki | Valtioiden velkakirjojen korot olivat laajalti laskussa euroalueella |
EKP:n korkopäätös julkaistaan tänään