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Tuesday, August 6

6th Aug - Bounce, at least #4154


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EUROPE
Leonid Bershidsky: The EU More Popular? Don't Kid YourselfBB
Support for the union is growing among voters, but not because the EU has done something right itself.

German economy shows glimmer of hope as factory orders jumpFT
Non-eurozone demand drives June’s increase, which came after stream of poor data

 
OTHER
Global value chain participation and exchange rate pass-through to export and import pricesECB

  TRADE WAR
Trump Can’t Have It Both Ways on China AnymoreBB
Either the tariffs are costing China or they’re making the U.S. more competitive. 

Trump’s Trade Threats Won’t Bring a China Deal CloserBB
Tariffs have been the wrong weapon from the start, and they’re not getting any more effective.

Good Will Is a Thing of the Past in the Trade WarBB
China has taken the gloves off by allowing its currency to weaken beyond a key leve to the dollar. 


REGULARS
Five Things to Start Your Day AsiaBB

Eco Day AsiaBB
Roach Eyes China Treasuries, Yuan Tagged, Fed Cut Risk * Yuan battlefront risks currency wars for world’s central banks * RBNZ poised to cut rates again, may signal more easing to come

Five Things to Start Your Day Europe BB

EU Open RundownRANsquawk

FirstFT Daily BriefingFT

Brussels PlaybookPolitico
A Brexit carol — Asylum assumptions — Trade war

Danske DailyDanske Bank
US Treasury officially labels China a currency manipulator and escalates the trade war further

Eco Day EuropeBB
China Slows Yuan Drop, Currency Wars, Next BOE Chief * Roach says Beijing could dump its $1.1 trillion of Treasuries * Former Fed chiefs make plea to Trump to end Powell threats

Daily Market CommentMarc Chandler
Markets Stabilize with Help of CNY Fix in Muted Turnaround Tuesday

Five Things to Start Your Day USBB

US Open RundownRANsquawk

Eco Day USBB
China Fallout, Fed’s Trade War Reaction, German Woe * China takes steps to limit yuan weakness after U.S. labeling * Reluctant Fed likely to cut rates again amid trade tensions


FINNISH
AamukatsausNordea
Markkinoilla oli varsin synkkä maanantai kauppasodan jatkaessa laajentumistaan vauhdilla | Palvelusektorien indeksit tuottivat pääosin pettymyksen heinäkuussa | Kuinka pehmeäksi Saksan teollisuussektori on matkalla?