Euro Area recession
angst is building –
Danske
Bank
Why the ECB’s
inflation strategy has stalled – ABN
AMRO
To
get the inflation strategy back on track, the ECB needs to maintain its highly
accommodative monetary policy stance for longer. It may possibly need to add
stimulus to get the economy running hot again depending on global economic
developments. We expect the ECB to keep interest rates on hold until 2020.
However, we see the risks skewed towards an even longer period of unchanged
interest rates given the slow growth environment and subdued underlying
inflationary pressures. Furthermore, we expect the ECB will announce an
extension of its TLTRO programme.
The link between
labor cost and price inflation in the euro area – ECB
Leonid Bershidsky:
Steve Bannon’s European Partner Forgot the Pitchforks – BB
The
American’s key ally in Brussels isn’t setting up political war rooms to bring
down the EU. He just wants a Davos for populists.
Fake news: How Lithuania’s ‘elves’ take on Russian trolls – FT
EU
parliamentary elections are seen as vulnerable to disinformation, but some
countries are policing false stories
ITALY
Italy's Populist
Partners Dig In as Internal Battle Intensifies – BB
Salvini,
Di Maio at loggerheads on rail link, legal case * ‘Blackmail’ is League chief’s
latest accusation against ally
Why Italy’s Debts
Are Europe’s Big Problem – BB
Italian govt plans
to separate commercial lenders from investment banks – Reuters
OTHER
Gideon Rachman: The
Trump era could last 30 years – FT
But
the populist movement is going to need more than electoral success
REGULARS
Five Things to
Start Your Day Asia
– BB
Eco Day Asia – BB
What
Spooked Fed, BOE's Brexit Rut, Aussie Rate Debate * JPMorgan says 2020 mightn’t
be year to think about recession * ECB’s Visco warns of weaker growth,
implications for inflation
EU Open Rundown – RANsquawk
FirstFT Daily
Briefing –
FT
Brussels Briefing – FT
Facebook
wins Brussels praise on its 15th birthday - the social media company tackles
online hate speech
Brussels Edition – BB
Brussels Playbook – Politico
EU’s
Venezuela farce — Leave Bucharest alone! — Best laid plans
Danske Daily – Danske
Bank
Positive
risk sentiment spurred by US economy and trade talks
Eco Day Europe – BB
Eurozone
Growth Concerns, BOE's Brexit Rut, Fed's Turn * Fastest growth in six years
masks Russians’ struggle to get by * Higher food costs in Turkey threatening
inflationary pressures
Daily Market
Comment
– Marc
Chandler
Five Things to
Start Your Day US
– BB
Shutdown
fears loom, bad news for Theresa May, and oil hits the highest since November.
US Open Rundown – RANsquawk
US Open – ZH
Lethargic
Global Markets Flat With China On Weeklong Holiday; Dollar Rises
Eco Day US – BB
Extending
U.S. Growth, Fed Tone, Guaido’s China Message * Spending by American cities and
states is proving a boon * JPMorgan says don’t worry too much about recession
just yet
FINNISH
USA:sta saatiin vahvaa talousdataa - teollisuuden
luottamus toipui ja työmarkkinaraportti oli vahva | Tulevalla viikolla huomio
kiinnittyy keskuspankkien kokouksiin | Italian korot reippaassa nousussa
perjantaina
Uudistuva, vakaa ja kestävä yhteiskunta – VM
Suomella on edessään monia vaikeita ongelmia, kuten
ilmastonmuutos, väestön ikääntyminen, teknologinen murros ja korkea
rakenteellinen työttömyys. Lisäksi julkisen talouden puskurit seuraavan
taantuman varalle ovat ohuet eikä kestävyysongelmaa ole vielä ratkaistu.
Julkisen talouden vahvistamista tulisi jatkaa – VM
Virkamiespuheenvuoron julkistustilaisuus – VM
VM: Tulevan hallituksen on leikattava julkisia menoja lähes 2 miljardia,
kestävyysvaje ei ole sulanut hallituskaudella – HS
Valtiovarainministeriön vaikutusvaltaisten virkamiesten
leikkausvaatimuksilla oli vaikutusta vaalikeskusteluun edellisten
eduskuntavaalien alla. Virkamiespuheenvuoroja on myös kritisoitu liiallisesta
poliittisuudesta
Aiemmin:
Muistioita tulevalle hallitukselle – Talouspolitiikan linjaus keväällä 2019 – ETLA