Headline
7/22/2016
France
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Brexit and business confidence: first effects

A net, widespread improvement in business confidence in France. Limited deterioration in the Eurozone. The UK plunges.

Separateur
7/22/2016
US
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Not this time either

We expect monetary status quo from the Fed. Financial markets regained their calm, but the rebound in oil prices came to a halt, postponing the date at which inflation will move back towards target. Prospects for growth, and the way the Fed sees them, are as dependent as ever on the labour market.

Separateur
7/22/2016
Eurozone
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ECB: See you in September

The ECB left its policy unchanged. The central bank esteems that the Brexit victory increases the downside risks to European growth, but that it is still too early to assess the precise effect. Mario Draghi gives a rendezvous in September.

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