EUROPE
Editorial: Europe’s
First Small Step Toward Fiscal Reform – BB
The
Macron-Merkel plan is timid — but it’s a start.
Eurozone PMI casts
doubt on 4Q bounce back – ING
As
the eurozone economy continues to show weakness in the fourth quarter, a quick
bounce back in growth is unlikely and the recovery could be more spread out.
This means that annual growth for 2018 is unlikely to get to 2%
Bank of Italy sounds
the alarm over banks’ stability – FT
Rising
yields threaten financial sector and will cost billions in interest payments
Italy and the EU:
a debt-based excessive deficit procedure – Pictet
This
week, the European Commission issued its opinion on Italy’s budget plans.
ECB minutes
pre-signal downward revision in ECB’s staff projections – ABN
AMRO
OTHER
Our 2019 guide to
global central banks –
ING
Fed:
A steady grind * ECB: Growth and inflation doubts raise questions about first
rate hike * BOE: Waiting on Brexit * PBOC: Expect RRR cuts every quarter to
save private firms * BOJ: Only speculation * SNB: No hikes expected before 2020
* BOC: Hawkish stance opens door to two or more hikes in 2019 * RBOA: Still
relaxed
US-China trade
update: G20 meeting preview – Pictet
A
new low point in trade tensions between the US and China was reached in September
2018 when the US placed an additional 10% duty on roughly USD200 billion of
Chinese imports
China Leading
Indicators
– Danske
Bank
It
gets worse before it gets better
China Weekly
Letter
– Danske
Bank
All
eyes on the Xi-Trump meeting, cautious optimism * APEC meeting underlines
long-term US-China rivalry * Chinese economy gets worse before it gets better
REGULARS
EU
Open Rundown
– RANsquawk
Brussels
Edition Daily
– BB
Brussels
Briefing
– FT
Eco
Day Europe
– BB
ECB Warns on Italy, Brexit Options, South
Africa Hikes
FirstFT
Daily Briefing
– FT
Danske
Daily
– Danske
Bank
Daily
Market Comment
– Marc Chandler
Brussels
Playbook
– Politico
Happy (Brexit) weekend — Green is the new
red — Circular economy legacy
Five
Things You Need to Know to Start Your Day – BB
Eco
Day US
– BB
Black Friday, Trade-War Profiteering,
Euro-Area Blow
US
Open
– ZH
US Equity Futures Slide After Euro PMIs
Stumble; China, Crude Plunge
US
Open Rundown
– RANsquawk
Aamukatsaus – Nordea
Tänään
julkaistaan euroalueen uudet ostopäällikköindeksit | Iso-Britannia ja EU
pääsivät alustavaan sopimukseen Brexitin jälkeisistä suhteistaan | Punta
vahvistui eilen, tänään Japanin markkinat ovat suljettuna