Headline
7/29/2016
Global
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Sea, growth and sun

The eurozone slowed in Q1 while the US and the UK accelerated. But smoothed over the fist half of the year, the eurozone proved more dynamic than the US while the UK is poised to slow because of its decision to leave the EU. Japanese growth in Q2 will not be available before mid-August, but the BoJ decided not to wait to further ease its monetary policy.

Separateur
7/29/2016
Global
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A midsummer month’s dream

The economic calendar is fairly light in August, and the Bank of England will be the only major central bank to meet in August: the only question there will be the details of the pre-announced easing. The political agenda will be much busier with the US presidential campaign, suspense over the formation of the next Spanish government, and the design of UK objectives before negotiations start the EU.

Separateur
7/29/2016
European union
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A transitional phase for bail-ins

Bail-ins, which have been applicable in the European Union since 1 January 2016 under the Bank Recovery and Resolution Directive (BRRD), are designed so that shareholders and certain categories of creditors are the first to bear the losses of a troubled bank rather than member states.

Separateur