EUROPE
Ferdinando
Giugliano: The ECB’s Santa Claus Ain't Coming to Town – BB
With
Europe’s economy faltering, there are still gifts that Mario Draghi could hand
out this month. It’ll be a surprise if he reaches for them.
Editorial: How
Safe Are Europe’s Banks? Right Now, It’s Hard to Tell – BB
The
EU’s stress-testing rules aren’t strong enough.
OTHER
Jam-Packed Week
Ahead –
Marc
Chandler
CHINA
Goldman Sachs:
Odds Of A Comprehensive Deal In 3 Months 20% – ZH
Tyler Cowen: Trump
Deserves Some Credit for a Truce With China – BB
At
least the two sides are talking instead of sweeping everything under the rug.
El-Erian: G-20
Gives Markets a Short-Term Win – BB
China
and the U.S. reached an agreement to freeze trade tariffs for three months. But
that’s about it.
US-China:
Uncertainty will continue – Nordea
The
US and China agreed to hold off new tariffs and continue negotiations in the
coming months. However, there was not much more that they could agree upon and
we see the initial market reaction slightly too optimistic for the outcome.
G20: Don’t cry
victory yet
– ING
The
ceasefire between the world’s largest trading nations is positive because the
signals coming from the preceding negotiations were rather pessimistic. The
ceasefire means that the planned elevation of import tariffs by the US are off
for the next three months. But there is a long way to go before there is a real
deal
US and China reach
tariff truce –
Pictet
A
temporary trade truce was agreed between US President Donald Trump and China’s
President Xi Jinping at a dinner during the G20 meeting this weekend.
China Outlook 2019
– Stimulus offsets trade risks – ABN
AMRO
2018
marks the resumption of China’s gradual slowdown driven by financial deleveraging
and initial drags from trade conflict US * Trump and Xi Jinping agree on 90 day
truce in Buenos Aires * Should downside pressures intensify, Beijing has more
room for stimulus * Yuan weakness also cushions impact tariffs, but we expect
some recovery * We expect China’s slowdown to remain gradual in 2019 and 2020 *
Main risks: tensions with the US, other geopolitical risks, high debt levels
REGULARS
EU
Open Rundown
– RANsquawk
Brussels
Edition Daily
– BB
Brussels
Briefing
– FT
Eco
Day Europe
– BB
Capital expenditure by Japanese companies
returns to trend * U.K. Prime Minister Theresa May faces another grueling
battle
FirstFT
Daily Briefing
– FT
WSJ
Daily Economics
– WSJ
U.S. and China Call a Trade Truce
Danske
Daily
– Danske
Bank
Daily
Market Comment –
Marc
Chandler
Brussels
Playbook
– Politico
Italy showtime — How to watch German
leadership race — Spain’s far right rises
Five
Things You Need to Know to Start Your Day – BB
Eco
Day US
– BB
Trump-Xi truce does little to bridge vast
U.S.-China divide * Italian manufacturing shrinks as Asia feels trade war hit
US
Open
– ZH
World Stocks, US Futures, Crude Soar As
Trump, Xi Deliver Early Christmas Rally
US
Open Rundown
– RANsquawk
Aamukatsaus – Nordea
Tänään USA:sta
julkaistaan teollisuuden ostopäällikköindeksi, loppuviikosta tulossa USA:n
työmarkkinaraportti | USA ja Kiina sopivat lisäajasta kauppasodassa |
Euroalueen inflaatiokehitys oli jälleen heikkoa