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Friday, February 8

8th Feb - US Open





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Roundups & Commentary
Frontrunning – ZH
Overnight: Sentiment Muted As Northeast Braces For "Historic" Blizzard – ZH
The Lunch Wrap – alphaville / FT
Emerging N.Y. headlines – beyondbrics / FT
Daily press summary – Open Europe

Morning MarketBeat: Remember Europe? – WSJ
Broker Note Briefing – WSJ
Morning Briefing (EU/US): Hear what you want to hear – BNY Mellon
  Mario Draghi’s comments yesterday provided no justification for EUR selling

EUROPE
German Exports Rose in December to Cap Trillion-Euro Year – BB
December trade surplus 16.6bn vs expectations of 14.8bn and 14.6bn in November.

  ECB
Currency Watchers Fawn Over Draghi – WSJ
Draghi is coming in for some serious hero worship among policy watchers and currency wonks

Draghi Finds Powerful Weapon in Words as Markets Heed His Voice – BB
Draghi yesterday caused the euro’s biggest drop in seven months by suggesting its recent appreciation could damp inflation, a signal that further interest-rate cuts remain a possibility.

The Draghi Rorschach test – alphaville / FT
The euro’s dive on Thursday was impressive and clearly the result of ECB president Draghi’s comments after the ECB’s rate setting meeting. But whether it was justified or not is very much contested.

Mario Draghi Gets the Euro Where He Wants It – WSJ
Like any good rider who feels his horse slipping away, Mario Draghi has tightened the reins and regained control

  BUDGET
Breakthrough at EU budget summit – euobserver
European Union leaders are ready to cut spending in the coming seven years, with agriculture and cohesion to take the biggest hits. Rebates for five countries also part of final talks.

How is the new EU budget shaping up - latest draft! – Open Europe

ASIA
Economists React: January’s Frothy Trade Data – WSJ

China trade figures: don’t get excited – beyondbrics / FT

China exports, imports surge boosts recovery hopes – Reuters

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