1/ ECB DAY
Two weeks after unveiling its closely anticipated strategy review, the ECB will face questions at its Thursday meeting on what its new 2% inflation target might mean for policy.
The dual-track economy is seeing supply-side headwinds, growth and exports are peaking, while consumer spending flags. An uncertain regulatory environment for big firms and standoffs with the United States are weighing on investor sentiment. A darling of last year's stay-at-home trade, Netflix shares are up just 2% this year as investors have shifted to stocks which benefit as the economy reopens. Lower production of TV shows and movies during COVID-19 have dented subscriber growth.
Profits of the 600 biggest listed European companies are seen surging 110% between April and June, according to Refinitiv I/B/E/S data. The British media dubs it "Freedom Day," Germany describes it as a "highly risky experiment". So, who's right about July 19, the day Britain drops its COVID-19-linked activity curbs and mandatory mask-wearing?
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ECB has reason to leapfrog Fed on digital currencyThe European Central Bank is dipping its toe into potentially inviting waters. President Christine Lagarde on Wednesday took the first step towards a digital euro by launching a two-year investigation into the possibility of issuing an electronic currency. Despite the abundance of caution, the ECB has reason to leapfrog the Federal Reserve.
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France cautiously celebrates Bastille Day, clouded by virusPARIS (AP) — Bastille Day is back, sort of. France celebrated its national holiday Wednesday with thousands of troops marching in a Paris parade, warplanes roaring overhead and traditional parties around the country, after last year’s events were scaled back because of virus fears.
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Don't Let Other People Ruin Your DayAll of us have encountered people who were mean, rude, or downright nasty toward us for no good reason. Whether it's a critical boss, a driver who cut you off, or an insensitive family member, here's how to keep others from ruining your day:
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France celebrates Bastille Day amid virus fears, tensionsFrance is celebrating its national holiday Wednesday with thousands of troops marching in a Paris parade and traditional parties around the country.
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