• Fed leaves rates and guidance (through late 2014) unchanged
  • FOMC says ‘closely monitoring incoming information’
  • Fed says US activity has decelerated somewhat over H1
  • ADP employment +163K vs +120K exp
  • ISM July manufacturing index 49.8 vs 50.2 exp
  • Monti: ESM banking license to be decided in due course
  • Finnish PM: ESM has preferred creditor status
  • Final Markit US PMI at 51.4 from flash reading of 51.8
  • Belgian GDP -0.6% in Q2
  • Treasury says US debt limit could be hit near end of 2012
  • Algo from Knight Capital blows up in US stocks
  • Morgan Stanley revises down UK growth estimate
  • Lagarde worried, as usual
  • ECB bond buys won’t be the euro’s salvation
  • Join the NFP contest