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Tuesday, February 2

2nd Feb - UK gets some from EU



Previously on MoreLiver’s:


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EUROPE
Austerity, structural reforms little to do with Ireland’s economic recoveryEuropp
Recovery reflects a successful development strategy focused on securing foreign direct investment, particularly from the United States.

  MIGRANT CRISIS
Renzi slams ‘perverse’ EU rule on refugee spending – Politico
EU Court Adviser Flags Limits on Detaining Migrants in Schengen Zone – WSJ

  UNITED KINGDOM
Proposal unveiled to keep Britain in EU, sceptics unmoved – Reuters
EU Publishes Draft Deal to Keep U.K. in Bloc as Referendum Looms – BB
5 takeaways on the UK’s EU renegotiation – Politico
Cameron: I would join the EU under these terms – Politico
UK’s EU deal: The view from the capitals – Politico
What’s Next for Britain’s EU Negotiations – WSJ

Open Europe responds to proposed EU Reform package – Open Europe




UNITED STATES
Labour market one of the few bright spots left in Fed's chart bookDanske Bank


OTHER
Kenneth Rogoff: The Great Escape from ChinaProject Syndicate
It might seem odd that a country running a $600 billion trade surplus in 2015 should be worried about currency weakness. But a combination of factors, including slowing economic growth and a gradual relaxation of restrictions on investing abroad, has unleashed a torrent of capital outflows.

BofAML Warns The Risk Of "Quantitative Failure" Is GrowingZH



REGULARS
Morning MoneyBeat AsiaWSJ
U.S. Stocks Pull Up to Stand Still

Danske DailyDanske Bank

Euro rates updateNordea

Eye-OpenerNordea
US primaries, mixed data, weaker oil * How much to expect from the ECB meeting in March? * Bond yields with only a modest rebound * GBP performing

Morning MarketsTF
The very mixed outcomes of the Iowa Caucus are mirrored in the markets themselves as the European session opens and the afterglow of the BoJ's dovish leap into negative interest rates on Friday is finally wearing off.

Daily FX Comment Marc Chandler
Familiar Patterns Return to Capital Markets

Daily ShotTF
Chinese growth can push the world economy but a slowdown on the opposite has a negative effect. Let's take a closer look at Chinese data. Elsewhere we see different signals from the corporate world.

Matt Levine’s Money StuffView / BB
Secret Summits and Muppet Ventures

Daily Press SummaryOpen Europe
UK reform package to be tabled in Brussels today * Greece rushes to set up screening centres for migrants, hoping for more favourable bailout review * Draghi hints again at further ECB action and calls for solutions to “anchor” UK in the EU * European Commission set to ask Portugal to tweak its 2016 budget * Leaked EU Commission document shows granting China market status could lead to job losses * European Commission to launch investigation into use of €500 notes in financing terrorism * Irish President criticises ECB treatment of Ireland during crisis

Brussels PlaybookPolitico
Iowa results — China leak — Brexit deal

US OpenZH
Stocks Slide As Oil Plunge Returns; BP Suffers Biggest Loss On Record

FrontrunningZH

FX UpdateTF
Traders lack conviction after the bumpy start to the year has deflated the Fed rate hike anticipation since the December rate increase. Dovish central banks are nearly everywhere most recently the slightly more cautious RBA overnight and a steady risk appetite make policy divergence stories hard to come by.

From the FloorTF
Last night's remarks from Federal Reserve vice chair Stanley Fischer show the US central bank to be very much aware of the current turmoil as market conditons wipe out hawk populations around the world.


FINLAND & FINNISH
AamukatsausNordea
Joko tunnelma pian piristyy? * Fedin Fischerin mukaan keskuspankki on nyt tarkkailuasemissa * EKP:n Nowotny laittoi jäitä hattuun * Saksasta saadaan vahvoja työttömyyslukuja

Sähkön siirtohinnan sääntelystäRoger Wessman