US
lashes out at Brussels over failed dirty money blacklist – FT
Revolt
by bloc’s 28 nations upends naming and shaming of Saudi and US territories
EU blocked on
dirty money blacklist that angered Saudis, US – FT
Member
states defeat draft inclusion of Riyadh and four US territories over laundering
Eurozone inflation
remains muted ahead of ECB March meeting – ING
Inflation
increased slightly from 1.4 to 1.5% in February, but the decline of core
inflation to 1% highlights the continued weakness in Eurozone price
developments. Don’t expect a hawkish ECB next week, if anyone (still) was
Euro-area
inflation watch: Weak price pressures continue – Nordea
The
core inflation was slightly below expectations at 1.0% in February and the
focus of the ECB will be on the growth outlook in the coming meetings.
UNITED STATES
US manufacturing
lull looks temporary
– ING
The
fall in the ISM manufacturing index is disappointing, but seems driven by customers
running down inventories. Given sound economic fundamentals there is scope for
a rebound in 2Q19
U.S. says rejects
WTO's 'straitjacket' of trade obligations – Reuters
The
Trump administration filed another salvo at the WTO on Friday, saying U.S.
trade policy was not going to be dictated by the international body and
defending its use of tariffs to pressure China and other trade partners.
OTHER
China Syndrome
redux: New results on global labour reallocation – voxeu
Trade
between the US and China is widely thought to have contributed significantly to
the decline in US manufacturing employment between 1999 and 2007. For every US
manufacturing job lost, almostsix new Chinese manufacturing jobs were created.
China monthly:
Don’t hold your breath – Nordea
A
trade deal between the US and China does not prevent future confrontations
between them, as ideological differences will likely result in more tensions.
In the near term, that is bad for domestic confidence and limit the upside for
the CNY.
Trump calls on
China to drop levies on US farm products – FT
President
says his request is justified by progress in trade talks
REGULARS
Five Things to
Start Your Day Asia –
BB
Five Things to
Start Your Day Europe
– BB
EU Open Rundown – RANsquawk
FirstFT Daily
Briefing –
FT
Brussels Briefing – FT
EU
governments deliver stinging defeat to Brussels’ dirty money blacklist. Veto
means the commission will be forced back to the drawing board
Brussels Edition – BB
Brussels Playbook – Politico
Saudis
divide EU over naughty list — Gender issues — What happened in Hanoi?
Danske Daily – Danske
Bank
Eco Day Europe – BB
Trade
Deal Looms, ECB's Forecasts, China's Big 11 Days * U.S. business investment,
solid consumer good omens for growth * Evidence of India slowdown may prompt
more rate cuts by RBI
Daily Market
Comment
– Marc
Chandler
Could
the Worst be Behind China and Germany? Or Hope Springs Eternal
Five Things to
Start Your Day US
– BB
US Open Rundown – RANsquawk
Eco Day US – BB
U.S.
Economic Good Place, Trade Deal Plan, Factory Woes * Fed officials ease
concerns about the outlook, signal patience * Manufacturing in the euro area
and Asia contracted last month
FINNISH
Aamukatsaus – Nordea
Tänään saadaan uutta tietoa USA:n teollisuuden
luottamuksesta | Julkaisuvuorossa myös teollisuuden ostopäällikköindeksejä
useista maista, euroalueelta saadaan inflaatioluvut | USA:n talouskasvu hiipui
odotuksia vähemmän