Follow ‘MoreLiver’ on Twitter
EU Stagnation Continues: Deja Vu All Over Again – Social Europe
Why The European Periphery Needs A Post-Euro Strategy – Social Europe
EU migration system ‘could break down in 10 days’ – Politico
Brussels presses the hold button on Brexit – Politico
2015 Q3 Consolidated Banking Data – ECB
Jan von Gerich: Bonds: Still going strong – Nordea
After general risk aversion gave bonds another boost in the early weeks of 2016, German bonds have continued to perform strongly. The recent market action very much suggests the bond market sentiment ahead of the ECB’s March meeting remains strong. While the ECB will have its hands full in meeting high expectations again, policymakers should be keen to avoid a repeat of the market action following the December ECB meeting.
China Said to Agree $7.7 Billion of Bad Loan Securitization – BB
First quota since 2008 as soured loans rise to decade high * Bank of China awaiting CBRC approval for first NPL sale
G20 Meeting is no Jedi Council - Marc Chandler
Morning Money Beat – WSJ
Will Energy Sector’s Drag Soon Fade?
Danske Daily – Danske Bank
Euro rates update – Nordea
Eye-Opener – Nordea
10-year Bund yield down, oil rebounds, GBP under pressure * Euro-area inflation – upward revision? * Shattered oil freeze deal sends yields sharply lower * NOK tanks on falling oil weakening versus all G10 currencies
Morning Markets – TF
The rebound in crude prices and gains on Wall Street were met with relief across Asia particularly in Tokyo where the Nikkei 225 dusted itself off after Wednesday's stumble and headed higher. It was a different story in Shanghai however where the benchmark index took its largest one-day plunge in a month.
Daily FX Comment – Marc Chandler
Dollar is Little Changed, US Leadership Awaited
Daily Shot – TF
Oil has been under pressure for quite some time. Production and inventories usually only knew one way: up. Now we are starting to see some slowdown. But will it last?
Matt Levine’s Money Stuff – View / BB
Sovereign Bonds and Merger Misgivings - also bank stress tests, oil debt, scams, politics, the apocalypse, and unicorn anatomy.
Daily Press Summary – Open Europe
Hungary announces referendum on EU migrant quotas * Cameron to use weight of BoE in referendum campaign as IMF warn of “negative” consequences of Brexit * Podemos walks out of government negotiations with the Socialist Party * Eurozone officials to assess progress in third Greek bailout on Monday * Hollande: EU offer for trade deal with South American bloc to be submitted soon
Brussels Playbook – Politico
Vienna walls — Brussels and Brexit — Googling Vestager
US Open – ZH
Now It's China's Turn To Crash: Shanghai Plunges 6.4% Overnight
Frontrunning – ZH
FX Update – TF
The USD is on the offer after a couple of ugly data points yesterday as the EURUSD break of 1.1000 is now unbroken and despite a vigorous bounce in USDJPY overnight after touching near the critical 111.00 yesterday.
From the Floor – TF
Chinese stocks were sold of heavily with the Shanghai Composite sliding 6.4% on Thursday and surprisingly weak non-manufacturing data from the US on Wednesday sparked fears of recession.
FINLAND & FINNISH
Aamukatsaus – Nordea
Kiinalainen kiitos * USA:n palvelusektorin luottamus (PMI) heikkeni yllättäen * Norjan öljyinvestoinnit putosivat odotuksia enemmän * Brexit-riskit sysäävät puntaa heikommaksi
Helikopterielvytys on finanssipolitiikkaa – Raha ja Talous
Vähittäiskauppa tammik. -1.4% YoY – Tilastokeskus