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Friday, May 23

23rd May - German outlook worsens

Previously on MoreLiver’s:

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Europe is under siege from both the left and rightReuters
Unless the European elite in Brussels works to revive widespread economic prosperity and middle-class fortunes, providing a vision and narrative that helps all Europeans adapt to social and cultural change, the populist protest is only likely to grow. This is not just background noise. The message they send is a crucial signal Europe’s elite need to hear.

ECB's inflation projection, exchange rate and global food pricesDanske Bank
We think it is almost certain that the ECB will lower its inflation projection for 2014 and we also expect a slightly lower forecast for 2015, but in our view the ECB will keep its 2016 forecast unchanged at an already low rate of 1.5%

Risk of disappointment from the ECB in June remains highSober Look

A negative ECB deposit rate: “What difference would it make?”Reuters

Ifo Business Climate Index FallsCESifo
German Ifo sounds first note of caution – Merkelnomics
German Business Confidence Declines as Economy Seen Slowing – BB

New Home Sales increase to 433,000 Annual Rate in April – Calculated Risk
Comments on the New Home Sales report – Calculated Risk
New home sales rebound, inventories at 3-1/2 year high – Reuters
Purchases of New U.S. Homes Increase by Most in Six Months – BB

Daily Central Bank RoundupWSJ
Hilsenrath’s Take: How High Will Fed Push Rates? * Fed’s Williams: Expected ‘Much Stronger Tailwind’ from Housing * Chinese Banks to Issue CDs to Public in Interest-Rate Reform Move * Fed’s Keeping the IMF Out of Its Currency Swap Domain * World Trade Flows Fall in First Quarter

Daily FX Comment: Dollar is Lifted Ahead of the WeekendMarc to Market

Verot ylös ja verotulot alasTalouden Tulkki
Hallitus jatkaa veronkiristyspolitiikkaansa härkäpäisesti. Menoleikkaukset tuottaisivat vähemmän haittaa talouskasvulle ja verokertymälle.

Suomi noudatti sopimaansa EU vakaussopimusta vuonna 2013Piksu

Miksi EU-vaaleissa kannattaa äänestääSampo Terho

Vähittäiskaupan myynti kasvoi huhtik. 2,3% YoY - Tilastokeskus
Suomen vähittäiskauppa vakiintumassa? – Roger Wessman