ECB, from the duties dangers for EU monetary stability. JpMorgan: Dimon, vital dangers from duties and economics property | EUROtoday

JPMorgan: Dimon, vital dangers persist reminiscent of duties and economics maintain

JPMorgan Chase closed the second quarter with earnings and falling revenues, reflecting a troublesome comparability with final yr, when the financial institution had recorded a one -off revenue part. In the three months closed in June, the New York financial institution reported a internet revenue by 17% to 14.99 billion {dollars}, $ 5.24 per share, in comparison with $ 18.15 billion, or 6.12 {dollars} per motion final yr. The internet turnover was 45.7 billion {dollars}, down 10%. Net revenue from curiosity was 23.3 billion {dollars}, rising by 2%. Reported revenues dropped by 11% to 44.9 billion, whereas Managed ones dropped by 10% to 45.68 billion. The managed plenty climbed by 18% to 4,300 billion {dollars}. “Each business line recorded a good performance,” commented President and CEO Jamie Dimon, underlining how “the US economy remained solid in the quarter. The finalization of the tax reform and potential deregulation are positive for economic perspectives, however significant risks persist, including rates and commercial uncertainty, the worsening of geopolitical conditions, the high conditions, Tax deficits and the high prices of the assets.

Army respite on duties: new EU countermeasures for 72 billion

The font remains closed, but the blows are counted. Still burned by an agreement that – by the same public admission of the leader Maros Sefcovic – “appeared near”, Europe has chosen a semi -armed respite. The anti-coercion bazooka, evoked for months as the last ratio, remains a warning and to take shape is instead the second list of counter-firs. Albeit lightened with diplomatic care to hit the pieces of ninety of the made in the USA up to 72 billion euros. A “calibrated” pressure so as not to blow up the table and, at the same time, do not be caught unprepared by the No Deal.

On the other side of the Atlantic, however, Trump march without second thoughts, relaunching the narrative of the great looting. “The United States have been robbed by mates and enemies, in commerce (and within the military!), For many years”, he thundered again by relaunching the promise of “doing what is correct for America”. A lies bleeding later by a hint to the possibility of “dialogue”.

EU, technicians in Washington, new countermeasures list only after 1 August

“I can affirm that commissioner Sefcovic had a name with the secretary of the US commerce, Howard Lutnik, final night time. I can not present particulars about it. I can affirm that the commissioner tonight could have a name with the consultant for the United States commerce, Jamieson Greer. I can affirm that the technical groups of the European Commission are touring to Washington DC at the moment. Negotiations with the United States, as a result of we’re in probably the most delicate section of those negotiations at this second, working to achieve an settlement of precept earlier than the deadline set by the United States of 1 August “. This was stated by the spokesman for the European Commission, Olof Gill, in daily briefing with the press.

“The second checklist of countermeasures, drawn up by the European Commission and for which we’ve got carried out a 4 -week session with the Member States, the events and the trade a number of weeks in the past, was despatched yesterday to the Member States; now they may have the chance to look at it – he continues -. What will occur at that time is that the Commission will begin what we name our normal process of comedology, which consists primarily in listening to the members of the Member States. A proposal to the Member States, which can then approve the second checklist.