Global Macro:
- Interest rate cut on the cards at ECB FT
- Bob Diamond questioned by MPs on Barclays Libor scandal The Gaurdian
- A step at last in the right direction Martin Wolf
- Only a lunatic would join the EU: Swiss minister TheLocal
- Eurozone retail sales edge up but trend still weak BBC
United States:
- How Stockton went broke: A 15-year spending binge Reuters
- Housing inventory continues to fall CalculatedRisk
Europe:
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- EuroZone services sector continues to shrink in June BBC
- Merkel faces coalition troubles over euro-bailouts EUobserver , Spiegel
- Most Germans Reject Ceding Sovereignty to EU, Stern Poll Shows Bloomberg
- Romania government moves to suspend, impeach president Reuters
- Hollande unveils 7bn-euro tax rise for rich and firms BBC
- Greece seeks easing of bailout as troika visits IrishTimes
- Lagarde not in the mood for Greek renegotiation BusinessWeek
Asia
- China’s concrete bubble is ready to pop BusinessInsider
- New lending in June to ‘rise slowly’ ChinaDaily
- Canada and Japan move towards free trade talks The Globe and mail
- The former colony may get stuck down China’s gullet FT
- Manila’s new provocation ChinaDaily
Local:
- AUD next in line for yuan deal AFR
- Push begins to promote study in Asia AFR
- Carbon dealing not over for labour TheOZ Locked
- Provident implosion exposes low-doc risk TheOZ Locked (h/t somablu)
Other/Interesting:
- New Particle Found, Consistent With Higgs Boson WSJ . The what ? Reuters
- More on base money confusion FTAlphaville
- Quirky financial indicators Financial Armageddon
- Here’ s my own one. BMW sales in Indonesia on the rise Jakarta Post
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