1.0Verbank Advisors & Agriculturehttps://verbank.luverbankfarmshttps://verbank.lu/author/verbankfarms/rich600338<blockquote class="wp-embedded-content"><a href="https://verbank.lu/july172017/">US + Brazil Financial News (7/17)</a></blockquote> <script type='text/javascript'> <!--//--><![CDATA[//><!-- /*! This file is auto-generated */ !function(c,d){"use strict";var e=!1,n=!1;if(d.querySelector)if(c.addEventListener)e=!0;if(c.wp=c.wp||{},!c.wp.receiveEmbedMessage)if(c.wp.receiveEmbedMessage=function(e){var t=e.data;if(t)if(t.secret||t.message||t.value)if(!/[^a-zA-Z0-9]/.test(t.secret)){for(var r,a,i,s=d.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),n=d.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),o=0;o<n.length;o++)n[o].style.display="none";for(o=0;o<s.length;o++)if(r=s[o],e.source===r.contentWindow){if(r.removeAttribute("style"),"height"===t.message){if(1e3<(i=parseInt(t.value,10)))i=1e3;else if(~~i<200)i=200;r.height=i}if("link"===t.message)if(a=d.createElement("a"),i=d.createElement("a"),a.href=r.getAttribute("src"),i.href=t.value,i.host===a.host)if(d.activeElement===r)c.top.location.href=t.value}}},e)c.addEventListener("message",c.wp.receiveEmbedMessage,!1),d.addEventListener("DOMContentLoaded",t,!1),c.addEventListener("load",t,!1);function t(){if(!n){n=!0;for(var e,t,r=-1!==navigator.appVersion.indexOf("MSIE 10"),a=!!navigator.userAgent.match(/Trident.*rv:11\./),i=d.querySelectorAll("iframe.wp-embedded-content"),s=0;s<i.length;s++){if(!(e=i[s]).getAttribute("data-secret"))t=Math.random().toString(36).substr(2,10),e.src+="#?secret="+t,e.setAttribute("data-secret",t);if(r||a)(t=e.cloneNode(!0)).removeAttribute("security"),e.parentNode.replaceChild(t,e)}}}}(window,document); //--><!]]> </script><iframe sandbox="allow-scripts" security="restricted" src="https://verbank.lu/july172017/embed/" width="600" height="338" title="“US + Brazil Financial News (7/17)” — Verbank Advisors & Agriculture" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe>UNITED STATES   There are no major economic data for the US this week. Instead, the action turns to Europe, Japan and China. In the Eurozone, inflation for June today, followed by the bank survey, unemployment and, finally, on Thursday, the consolidated fiscal position and the ECB meeting. Expected: no changes. Instead, Draghi will probably repeat what he said in Sintra on June 28: Confidence in the macro outlook, with a continuation of ultra-soft monetary policy to lift inflation, especially now post the deflationary impact of oil. Any adjustment in the policy stance will be gradual, etc., etc., with an end to the asset purchases-APP announced, at the earliest, possibly, in mid-to-end 2018. In Japan, the BoJ meets on Wednesday/Thursday. Expected: no changes. The BoJ continues to buy an unlimited amount of JGBs, and targeting the 10-year rate at 0.1% or lower. The BoJ will wait at least until US rates rise significantly. Meanwhile, it may lower its inflation outlook for FY2017, accepting reality—inflation below 1%pa. Forecasts for yearend are in the 0.5-0.7% range. In China, by Monday we should know the data for Q2/GDP and June IP, retail sales and investment in fixed assets (FAI). No surprises expected: GDP should […]