Google Analytics

Monday, February 11

11th Feb - Quiet #4018

Europe turns on spending taps as austerity comes to an endFT
Bloc embraces fiscal stimulus to combat sharp economic slowdown

Eurozone: Don’t mention the ‘r-word’ just yetING
A reversal of some one-offs could bring slightly higher growth to the Eurozone in the second quarter, but the risks of US tariffs on European cars, as well as Brexit could yet be another brake on activity. With inflation unlikely to pick up much, there’s little need for monetary tightening from the ECB

Editorial: Europe Needs Competition More Than Industrial Giants BB
The backlash against the Siemens-Alstom ruling threatens the EU’s biggest strength.

George Soros: Europe, Please Wake UpProject Syndicate
The first step to defending Europe from its enemies, both internal and external, is to recognize the magnitude of the threat they present. The second is to awaken the sleeping pro-European majority and mobilize it to defend the values on which the EU was founded.

Leonid Bershidsky: The European Election Won’t Break the EU BB
Even if anti-establishment forces win a third of seats in the European Parliament, they’re unlikely to cooperate enough to cause major disruption.

Italy: Falling deeperING
Poor December industrial production data adds to the risk of another GDP contraction in 1Q19, and pushes our average GDP growth forecast for 2019 down to a miserable 0.1%

It is time to worry about Germany’s economy The Economist
The country’s economic golden age could be coming to an end

Germany's SPD restores working-class appeal before regional votes Reuters
SPD unveiled a position paper on Sunday that calls for more generous state allowances for the unemployed, children and pensioners, seeking to appeal to working class voters in four regional elections this year.

Spain Takes an Economic Gamble on an Unprecedented Wage HikeBB
Government has pushed through a 22% increase in minimum wage * With pace of expansion slowing, impact of move is uncertain

Nordea Investor Complaints Reveal How Much Trouble Bank Is InBB
The bank has yet to turn its business around after deep cuts * Nordea’s cuts can’t keep pace with the bank’s sinking revenue

US: Biding its timeING
Trade policy remains critical to the outlook. If the US strike deals with the EU and China the Fed will hike interest rates again. But if it fails, the story could be very different…

The Green New Deal Is Not a Policy. It’s a Manifesto.BB
For the Democratic Party and the nation as a whole, the era of small government is ending.

Global Trade: Downs and ups? ING
February could be the turning point in the ongoing trade war if the US and China cut a deal and if the US administration decides against hiking tariffs on cars. Unfortunately, we’re increasingly inclined to think trade tensions will get worse before they get better

Big Read: Global economy: Why central bankers blinkedFT
Amid slower growth in China, Brexit and trade disputes, banks are putting the brakes on rate rises

February Economic Update ING
A dramatic softening in the Federal Reserve’s rhetoric on monetary policy, coupled with encouraging signals from the US-China trade talks have boosted market risk appetite, but we are approaching key dates that will be critical for the global economic outlook. Will President Trump stick with what he has won already or will he gamble for a bigger victory to take to the electorate for the 2020 election? The odds of the latter are rising. If we do see an escalation of trade tensions, the global growth story will deteriorate, having broad-based implications for financial markets and currencies.

China: The trade war is not overING
The Chinese economy is weakening on several fronts and not just because of the US-China trade war. In response, the government is looking for ways to boost consumption. Tax cuts may not be enough to avoid a softening in the labour market...

Where China’s growth is headed in 2019BlackRock

Trump Shouldn’t Take the Easy Way Out Over ChinaBB
The country’s pernicious debt load and rapidly weakening economy mean the U.S. has more leverage in trade talks now than it ever had before.

Letting Trump Impose Tit-for-Tat Tariffs Would Be DisastrousBB
The Reciprocal Trade Act could blow up the free-trade system.

Swiss Franc Flash CrashesZH

Is Iran’s Revolution Having a Mid-Life Crisis? BB
As Iran marks 40 years since the overthrow of the Shah, the country’s economy is riddled with cronyism and mismanagement.

Editorial: Iran’s 40 Years of Isolation BB
It’s time leaders of the Islamic Republic looked for ways to rejoin the world.

Five Things to Start Your Day Asia BB

Eco Day AsiaBB
China's Big Test, 22% Wage Increase, Slow Brexit Boats * IMF stands ready to support Pakistan, says Christine Lagarde * Turkey’s food inflation fight spreads with fines, raids

EU Open RundownRANsquawk

FirstFT Daily BriefingFT

Brussels BriefingFT
Rescuing the eurozone budget: The blueprint is already far more advanced than anything that’s emerged from stuttering negotiations in Brussels

Brussels EditionBB

Brussels PlaybookPolitico
5Stars plunge in Abruzzo, voters DGAF — Catalonia’s back — Hogan in Oz

Danske DailyDanske Bank
US-China trade talks continue in Beijing

Eco Day EuropeBB
U.K. GDP, ECB Chief Economist, China's Holiday Spending * Spain takes an economic gamble on an unprecedented wage hike * Turkey’s food inflation fight spreads with fines, raids,

Daily Market CommentMarc Chandler

Five Things to Start Your Day USBB

US Open RundownRANsquawk

US Open ZH
Global Stocks, US Futures Jump On Fresh Trade Optimism, Dollar Surge Enters 8th Day

Eco Day USBB
Krugman Warning, U.K.'s Brexit Jitters, Spanish Wages * Krugman sees U.S. recession risk with little Fed wiggle room * U.K. economy wilts as Brexit concern hits business investment

Aamukatsaus Nordea
Tulevalla viikolla USA ja Kiina jatkavat kauppaneuvotteluja ja USA:ssa etsitään sopua liittovaltion menojen rahoitukselle | Lisäksi viikolla tulossa Riksbankin kokous ja BKT-lukuja Saksasta | Venäjän keskuspankki piti odotetusti korkonsa ennallaan