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Thursday, July 27

26th Jul - FOMC: softens a bit, but is normalizing




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EUROPE
U.K. in ‘Notable Slowdown’ With 0.3% Growth in Second Quarter – BB
Editorial: Greece Still Hasn't Turned the Corner – BB
 Five Years On From ‘Whatever it Takes,’ in Charts – WSJ
When Will The ECB Run Out Of German Bunds To Buy: Here Is The Math – ZH



UNITED STATES
  FEDERAL RESERVE
Tim Duy: Easier Financial Conditions Will Keep the Fed on Track – BB
Fed Balance Sheet Shifts Into Limelight Absent Rate Hike Urgency – BB
FOMC Preview: Just 2 Things To Watch For In Today's Fed Statement – ZH
FOMC statement – FED
Balance sheet run off to begin relatively soon – FOMC review – Nordea
FOMC Bit dovish but it does not alter the overall picture – Danske Bank
Fed Reinforces Its Path Toward a 'Beautiful Normalization' – BB
What the FOMC's Statement Signals About Fed Policy – BB
Fed holds rates steady, expects portfolio cuts 'relatively soon' – Reuters


OTHER
Vol: Back at Sintra levels, yet expected to rise – Nordea
Thursday Is the ‘Day From Hell’ for Europe’s Stock Watchers – BB
You Have Five Choices – Joshua Brown
A Market History Lesson From Peter Bernstein – Ben Carlson


REGULARS
Morning Report APACTF
Equities have gained ground across much of Asia today with gains on Wall St lifting sentiment. Crude prices have surged with WTI soaring above $48/barrel.

FirstFT Daily BriefingFT
Sanctions against Russia, UK cars go electric, sperm ‘wake-up call’

WSJ CityWSJ
Trump Sees ‘Major’ UK Trade Deal, Time Explores UK Sale

“Best of the web” daily chartsLukas Daalder

Danske DailyDanske Bank

Eye-OpenerNordea
New IFO record * Weak USD ahead of FOMC tonight, market prices 20 bp pr year for Fed

Morning MarketsTF
Rallying oil and other commodities prices help lift Asia-Pacific stock markets on Wednesday after Wall Street indices posted new record-highs overnight. Brent crude climbed above $50/barrel on renewed hopes that producers' resolve to tighten the market will succeed.

Brussels PlaybookPolitico
The dishonest Germans — Juncker takes on Chinese takeovers, migration — Greek bond sales

Five Things You Need to Know to Start Your Day BB

10 things you need to know before the opening bellBI

US OpenZH
Global Stocks Jump, Crude Booms As Yellen Looms

FrontrunningZH


FINNISH
AamukatsausNordea
Viikon päätapahtuma on tänään pidettävä Fedin kokous - Fed odottaa syyskuuhun * Suomen kesäkuun työttömyysaste laski vuoden takaisesta * Saksan ja Yhdysvaltain valtionvelkakirjojen korot nousivat