Thoughts – Insights

"The Day Today" - 1 August 2017

Moody’s warns UK “Household debt is high and still growing, leaving consumers vulnerable to an economic downturn” Oliver Wyman: Banks may need $30-50bn extra capital to support new European units after a hard Brexit S&P: global capex is now rising after a “lost decade” UK Chancellor: UK will not cut taxes below . . ….

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"The Day Today" - 31 July 2017

US says “no value” in UN Security Council meeting on N Korea China urges N Korea to stop acts that could worsen tensions as Trump accuses China of doing “nothing” ECB Lautenschlaeger: “it’s important to prepare for the exit in good time. What’s crucial in that context is a stable trend in the rate of…

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"The Day Today" - 28 July 2017

Putin: We’ll have to retaliate against ‘illegal’ U.S. sanctions EU Brexit negotiator Barnier: “said the likelihood of starting the future relationship talks in October appeared to be decreasing” GfK UK Consumer confidence drops to 1 year low New BOE deputy Governor is Sir Dave Ramsden, ex Treasury economic adviser

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"The Day Today" - 27 July 2017

ECB Nowotny: reduce QE from Jan of next year but not stop completely Hungary to sell first China currency onshore and offshore debt UK PM’s Chief of Strategy resigns, he wrote her Brexit Lancaster House speech UK Chancellor admits UK consumers hurt by fall in GBP Rajoy becomes first sitting

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"The Day Today" - 25 July 2017

UK Foreign Min: NZ “at or near the very front of the queue” for a trade deal Bundesbank report: ECB stimulus policies saved Germany 240bn EUR in interest payments Big single bet on VIX will pay out if its above 25 in October Giuliani Denies He Is Being Considered For Attorney General

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