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Good morning from the newsroom of the Financial Times.

Today is Monday, July 15th. Good morning from the newsroom of the Financial Times.

Today is Monday, July 15th, and this is your FT news briefing.

Acting IMF Chief David Lipton backs new monetary stimulus by the world's top central banks.

Warner Music buys the label behind Lame Miserables and Mary Poppins,

and Equity Investors are bracing for a second successive drop in U.S. quarterly profits.

Plus, with U.S. Bank earnings kicking off today, we talk with the F.T.

U.S. finance editor Rob Armstrong about what investors will be watching. I'm Mark

Filipino and here's the news you need to start your day.

The acting chief of the International Monetary Fund is backing new monetary stimulus by the world's top central banks.

In an interview with the F.T. David Lipton said in light of sluggish growth and downside risks,

it makes sense for banks to keep accommodative policy.

Mr Lipton didn't want to comment on specific decisions in individual countries, but he added that

Central Banks shouldn't shy away from loosening policy if it's needed just because some are

afraid it would mean losing ammunition to fight a downturn in the future.

Mr Lipton has been the first deputy managing director of the IMF since 2011.

He took over his acting chief this month after Christine Lagarde was nominated to lead the European Central Bank.

Mr. Lipton's comments come as the outgoing ECB President Mario Draggy

signaled that the Eurozone might consider lower interest rates

or even resume bond purchases.

...