24 August 2016



Today’s Issue Cluster: Europe’s Economy



MAJOR DATA POINTS

Germany – Q2: GDP growth slows; +0.4% from +0.7% / FT / AFP

US – Jul: NAR Existing-Home Sales Fell; -3.2% / B / R / WSJ

US – Q2: Home Prices Rose; +5.6% / B


MARKETS

EU – Political Risks Loom Large on Markets WSJ *

EU – Companies Build Bonds for the ECB to Buy WSJ *

Euro – Expected rise spells grief for ECB and exporters FT *


ECONOMICS

EU – EZ: Business surveys suggest eurozone has weathered Brexit shock FT *

EU – UK: Exporters and overseas shoppers get Brexit boost FT / WSJ *

EU – UK: Pro-Brexit Economists Sense Vindication as Economy Shows Resilience B

EU – UK: Business revels in low-rate regime FT *

EU – East Europe: Growth Nears Pre-Lehman Highs B *

EU – Ireland: Start to Come Back Home as Recovery Gains Ground B *

EU – Ireland: Multinationals obscure state of economy FT * *

EU – Greece: Statistician hits back at criminal charges FT *

Russia – Investors credit central-banker Nabiullina for resurgence WSJ *


POLITICS & FISCAL POLICY

EU – Greenland voted to leave the EU in 1982 B *

EU – Portugal’s struggles to shake off overseers FT * *


MONETARY POLICY

ECB – Hints at taking further action in September FT


FINANCE

EU – German banks reignite debate on deposit fees FT *

EU – Banks look for cheap way to store cash piles FT *

EU – Spanish bankers enjoy a tranquil summer FT *

EU – Portugal Gaining on Italy in the Banking ‘Doom Loop’ cfr *

EU – Italian Banks Continue to Lend to Stagnant Companies NYT

UK – Big lenders would lose £12b in commercial stress scenario FT *

UK – For Top Banking Talent After Brexit, London Loses Some Allure WSJ *

UK – Dark clouds over insurers disperse as Brexit concerns ease FT *


REAL ESTATE

US – The Housing Market Is Finally Starting to Look Healthy NYT

UK – Property Values? They Are Anyone’s Guess WSJ *

UK – Housing market steady after Brexit vote FT *

UK – London Housing Boom to End in 2017 B *


LABOR & EDUCATION



SERVICES



MANUFACTURING



TECH



TRADE & TRANSPORTATION



COMMODITIES



ENERGY & ENVIRONMENT



HEALTH



ENDNOTE

Football supporter map of London reddit *


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