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Monday, December 10

10th Dec - Still no strength in markets





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EUROPE
Editorial: Europe’s Still Not Ready to Shore Up the Monetary UnionBB
Planned reforms are a start, but they won’t be much help in a crisis.

Bruised Euro-Zone Economy Stumbles On After Its 2018 BeatingBB
Growth has slowed sharply, but ECB has cited domestic strength * Policy makers likely to cap key stimulus program this week

  FRANCE
Macron protests show that leading France is an impossible job FT
The French contradiction of a demand for lower taxes and better public services will stay unresolved

'Yellow vest' protests stunt French growth, Macron under pressure Reuters
The Bank of France on Monday forecast the euro zone’s number two economy would eke out growth of only 0.2 percent in the quarter from the previous three months, down from 0.4 percent in a previous estimate.

Macron Pressed on All Sides for Grand Gesture to End CrisisBB
French president is due to address nation at 8 p.m. Monday * Normalcy seems to be back even amid plans for more protests

  GERMANY
Will Merkel Leave Germany Fit for the Future? Probably Not BB
New party chief means chancellor’s reign is coming to an end * List of challenges for Europe’s economic engine are growing

Euro area: Germany is slow to turnNordea
While the victory of the continuity candidate in the CDU’s leadership contest does not guarantee stability in Germany, it does not add to the growing number or sources of uncertainty troubling financial markets. Changes are ahead in German politics.

For Germany’s sake, the CDU must heal its riftsFT
Annegret Kramp-Karrenbauer should start planning to lead her country
 

OTHER
OPEC+ cuts outputING
After an eventful two days, the group pleasantly surprised the market by agreeing to cut output by 1.2MMbbls/d. But the big question for the market now is will this be enough?
  

REGULARS
EU Open RundownRANsquawk

Brussels Edition DailyBB

Brussels Briefing FT
Macron’s move: He will announce a package of measures in a bid to respond to protesters’ demands

Eco Day EuropeBB
Macron's Big Night, Huawei Drama, Japan's Growth Slump * Expectations rise for French president’s address Monday night * China summons U.S. diplomat over Huawei official’s arrest

FirstFT Daily Briefing FT

WSJ Daily EconomicsWSJ

Danske DailyDanske Bank

Daily Market CommentMarc Chandler

Brussels Playbook Politico
Migration pact quake — Socialist weekend — Anti-Semitism bad news

Five Things You Need to Know to Start Your Day BB
 
US OpenZH
World Markets "In World Of Pain" As Nothing Can Stop Relentless Stock Selling

US Open RundownRANsquawk

AamukatsausNordea
Tällä viikolla tulossa EKP:n kokous torstaina, perjantaina julkaistaan euroalueen ostopäällikköindeksit | Britannian parlamentti äänestää tiistaina Brexit-sopimuksesta | OPEC pääsi perjantaina sopuun tuotannon leikkauksista, öljyn hinta nousi