Courtesy of ZeroHedge. View original post here.
Submitted by Tyler Durden.
- Inflation May Embolden Foes of Fed Stimulus (Bloomberg)
- July inflation spike won’t stop QE3 (Reuters)
- Clamour for amendments to Italian austerity (FT)
- Biden seeks to reassure China on U.S. debt (Reuters)… fails
- Japan Forex Chief Meets BOJ Officials to Talk Yen (WSJ)
- BofA’s Moynihan Says to Expect 3,500 Job Cuts (Bloomberg)
- France Eases Ban on Short Selling Before Index Futures Expire (Bloomberg)
- Noda Pledges to Do His ’Utmost’ to Alleviate Strong Yen Risk (Bloomberg)
- Krugman Says Italy, Spain Can ‘Probably’ Survive Euro Zone’s Fiscal Crisis (Bloomberg)…. i.e., game over for Italy and Spain
- Fed says it is treating U.S., European banks the same (Reuters)
- Obama Must Get Bold, Tell Republicans ‘It’s On’ (Bloomberg)
Europen economic update:
- Germany Producer Prices for July 0.7% mom 5.8% yoy – higher than expected. Consensus 0.1% mom 5.3% yoy. Previous 0.1% mom 5.6% yoy
- UK Public Finances (PSNCR) for July -5.6B higher – than expected.Consensus -8.0B. Previous 20.4B (Revised from 21.0B)
- UK PSNB ex Interventions for July 0.0B lower – than expected.Consensus 2.4B. Previous 14.3B (Revised from 14.0B)
- UK Public Sector Net Borrowing for July -2.0B – lower than expected.Consensus 0.2B. Previous 12.4B (Revised from 12.0B)