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Monday, January 28

28th Jan - Big week begins quietly #4006



EUROPE
Mark Leonard: How Europe’s Populists Can Win by Losing – Project Syndicate
The European Parliament elections this May have been described as a make-or-break moment for the future of the European project – and for good reason. With plans to form a populist united front, Euroskeptic parties need only capture one-third of parliamentary seats to bring EU governance to a crawl.

The Big Read - 5G: Can Europe match the US and China? – FT

Editorial: Europe’s ‘Right to Be Forgotten’ Needs Limits – BB
By curbing this misguided policy, the European Court of Justice can avoid an awful precedent.

Nordea Economic Outlook: Shaky ground – Nordea
Sweden: Housing alert * Norway: Treading carefully * Denmark: Robust upswing * Finland: Export ramifications


UNITED STATES
El-Erian: Why the Fed Is Likely to Signal Greater Policy Flexibility – BB
The central bank must balance continuing to please markets and responding to domestic economic strength.


OTHER
World trade: Trade war is starting to kick in – ING
World trade is in reverse. In November 2018, 1.6% fewer goods crossed borders than in the previous month when the volume of world trade still grew 1.2% on a month-on-month basis. The less volatile three-month average growth figure took a nosedive as well with a decrease from 1.1% in October last year to 0.0% in November

China’s GDP numbers send out a warning – George Magnus
Slowdown is deeper than data shows and will dive further without a trade deal

China’s Banks Are Desperate for Capital – BB
Lenders can’t continue this pace of loan growth without a bigger cushion. Beijing needs to make fundraising easier.


REGULARS
Five Things to Start Your Day Asia – BB

EU Open Rundown – RANsquawk

FirstFT Daily Briefing – FT

Brussels Briefing – FT
Margrethe Vestager faces a tough political choice whether to allow a Siemens-Alstom union

Brussels Edition – BB

Brussels Playbook – Politico
Macedonia next steps — Foreign policy lessons — Yellow Jackets’ gift to Macron

Danske Daily – Danske Bank

Eco Day Europe – BB
Trade Scenarios, BOE Governor, Europe Recession Signs

Daily Market Comment – Marc Chandler
Getting Ducks Lined Up for Later in the Week

Five Things to Start Your Day US – BB

US Open Rundown – RANsquawk

US Open – ZH
Global Stocks Slide Ahead Of Crazy Week; Iron Ore Soars

Eco Day US – BB
Powell on the Spot, Trade Talks, European Slowdown * Fed chair due to face press after this week’s policy meeting * Europe’s economic frailties on display after Draghi’s downer


FINNISH
Aamukatsaus – Nordea
Viikko on täynnä merkittäviä tilastojulkistuksia: Fedin kokous, ostopäällikköindeksejä USA:sta sekä BKT-lukuja euroalueelta | USA:n liittovaltion osittainen sulku päättyi | Julkaisemme tänään uuden Economic Outlook -talousennusteemme

Virkamiehet ohjaavat seuraavaa hallitusta työllisyydestä – YLE
Ministeriöiden kansliapäälliköt kertovat yhteisen näkemyksensä tulevan hallituksen päätehtävistä ja tärkeistä uudistuksista.

Suomi joutuu tekemään rajuja uudistuksia, jos hyvinvointiyhteiskunta halutaan säilyttää – HS
Valtiovarainministeriön kansliapäällikkö Martti Hetemäki julkaisi listan Suomen talouden kymmenestä ongelmasta.

Kansliapäälliköt: Suomen mahdollisuudet tulevalla hallituskaudella – VNK