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EUROPE
Juncker
interview: the annotated transcript – FT
Juncker’s
investment plan: No risk – no return – Bruegel
President
Juncker has presented the key features of the European Commission’s plan to
boost investment in the EU. In this blog post we review the most important
points and discuss the main policy challenges surrounding the plan.
Latest
indicators for early detection of macroeconomic imbalances – Eurostat
Macroeconomic
Imbalances Procedure (MIP) Scoreboard. The MIP is part of the Six-Pack
regulation on economic governance adopted by the European Parliament and
Council in November 2011.
EUROPEAN CENTRAL BANK
Sorry
Mario, the euro area is doomed – TradingFloor
Juhani
Huopainen: I’ve always thought that the ECB’s president Mario Draghi is a
relatively sane, honest and pragmatic central banker. But his speech in Helsinki was hard for me to swallow.
Draghi
Joins Carney in Enlisting Consultants to Review ECB – BB
The
European Central Bank has long made recommendations on how Europe’s economy could work better. Now it’s
asking for some advice for itself.
Central
banks can't raise growth potential, says ECB's Weidmann – Reuters
German
European Central Bank policymaker Jens Weidmann said on Friday it was illusory
to think central banks could increase a country's growth potential for a
sustained period of time.
MACRO NUMBERS
Euro zone
inflation back at five-year low in November – Reuters
Euro area
annual inflation down to 0.3% - Eurostat
We expect
euro inflation to decline to 0.1% in December – Danske
Bank
Euro-Area
Inflation Slows as Draghi Tees Up QE Debate – BB
Euro area
unemployment rate at 11.5% - Eurostat
Italian
Unemployment Rate Rises to Record, Above Forecasts – BB
U.K. House-Price Growth Cools to Weakest
in Almost a Year – BB
U.K. Consumer Confidence Stalls as
Economic Outlook Deteriorates – BB
ASIA
Japan's
annual core consumer inflation slowed for a third straight month in October due
to falling oil prices, highlighting the economic gloom facing Premier Shinzo
Abe as he campaigns for a new mandate to implement his stalled recovery plan.
Japan’s
inflation slowed for a third month and retail sales fell more than forecast,
showing the economy continues to struggle from a sales-tax increase as Prime
Minister Shinzo Abe heads into an election next month.
Kuroda’s
Former Boss Urges Ditching of BOJ 2% Inflation Target – WSJ
OTHER
Danske
Daily – Danske
Bank
Nordea
Morning – Nordea
FI
Eye-Opener – Nordea
European
bond yields hit new lows – German 10-year yield at 70bp. Some profit taking
ahead today – yields to correct temporarily higher. OPEC keeps production
quotas unchanged – oil prices plunge. Downside surprises in inflation
continuing. Euro-area economic sentiment edges higher. New 5-year lows ahead
for Euro-area inflation.
Market
Catches Breath after Yesterday's OPEC-Induced Moves – Marc
to Market
US Open – ZH
FINNISH
Aamukatsaus – Nordea
Raaka-ainevaluutat pudotuksessa | Saksa häviää, Suomi
voittaa – kerrankin | Saksan inflaatio laski
EK:n Alahuhta: Nollatyösopimusten kielto veisi väärään
suuntaan – Verkkouutiset
Komissio: Suomen talousarviosuunnitelma pitkälti
vaatimusten mukainen – Verkkouutiset
Suomen budjetti täyttää pääosin komission vaatimukset
– TalSa
Hallitus sai EU:lta nuhteita ylioptimismista – TalSa
Pääkirjoitus: EU yrittää vivuttaa Eurooppaa suosta – HS
Pääkirjoitus: Yrityksiä ei voi työntää rahalla – HS
Suurten yritysten liikevaihto laski lokakuussa 1,3
prosenttia vuotta aiemmasta – Tilastokeskus
Osakeasuntojen hinnat nousivat hieman lokakuussa – Tilastokeskus
Talouden heikko kehitys painaa asuntojen hintoja alas – Verkkouutiset
Kuntien toimintakulut +1,4% tammi-syysk. – Tilastokeskus
Kansantalouden tuottavuuskehitys 1976-2013 – Tilastokeskus