Today’s Issue Cluster: European Finance & Economy
US – Jun: Factory orders fall sharply for second month; -1.5% from -1.2% / MW / R
US – Week: Jobless Claims Up Slightly; +3k to 269k / WSJ / R
EU – Credit Landscape is Boring, and Interesting B *
UK – Brexit Imperils £405b Infrastructure Boom B *
UK – Pro-Brexit Economists See Growth Opportunities WSJ *
Russia – Economy Is Stuck B * *
EZ – Economy bigger than China / t *
UK – Tory polls lead adds to pressure for snap election FT / bi *
Spain – Catalonia Approves Plan to Secede B *
Italy – Five Star has fuzzy notions of what to do if it wins E *
Greece – IMF swayed by politics during eurozone crisis FT * *
EU – Euro still popular, but only among its members / b *
ECB – Draghi Must Judge If GDP Slowdown Is a Blip or a Problem B *
ECB – Writes Positive Score Card for Corporate-Bond Plan B * *
ECB – Money supply accelerated before QE, stagnant since / jb *
BOE – Cuts Key Interest Rate to New Low FT / WSJ / NYT / R / B * *
BOE – May Revive Dying Policy for Post-Brexit Package B *
EU – Barclays Cut in Half as Europe Slims Down on Wall Street WSJ *
EU – Bank shares fall in brutal start to August FT / FT *
EU – Banks still unloved by investors FT *
EU – Stress Tests Find Some Big Banks Wanting NYT / WSJ / FT / R / B *
EU – Familiar faces in the line of fire over stress tests FT *
EU – Lending fears in focus FT *
UK – Obscure corner of London finance suddenly a battleground B *
Italy – Rome races to gain private bailout for Monte Paschi FT
Italy – How do you solve non-performing loans? FT *
Italy – ‘Safe hands’ tested FT * *
Portugal – Banks May be Brewing a Perfect Storm WSJ
Greece – Bank deposits not recovering / b *
UK – Housing Market May Be Brexit’s Best Bellwether WSJ *
UK – Renting in your 40s and 50s is on the rise FT *
UK – Home ownership lowest since 1986 FT *
Spain – What’s Behind the Spike in Mortgage Activity? WSJ *
Spain – Jobless Falls to Almost Six-Year Low Amid Recovery B / FT * *
Spain – Jobs Still Trail Recovery B *
EU – Young people still living with their parents / bm *
