MoreLiver's Daily: 13th Feb - Good GDP-data from Europe

Previously on MoreLiver’s:

Follow ‘MoreLiver’ on Twitter

EUROPE

The EU Economic Governance - a Game for Grown-ups – euinside

Juncker revives eurozone integration proposals – FT

Juncker again raised eurozone integration proposals at a summit of EU leaders on Thursday night, including the possible creation of a eurozone-only budget and new EU institutions to serve the single currency.

UBS Swiss Real Estate Bubble Index still trending sideways – UBS

UK MPC Focuses On The Positives Of Cheaper Oil – Alpha Now

[Feb3] Local Politics Are Fracturing European Unity – NYT

NORDICS

Finns Face Grim Choices in a National Election – BB

All the parties promise budget cuts and reduced benefits

Sweden’s Riksbank takes leap into unknown with rates cut – FT

SEK: Pandora’s monetary toolbox prompts changed forecasts – Nordea

The Riksbank delivered more than expected in February just as it did in July and October last year. Then, the SEK soon appreciated vs the EUR. This time around however, the Riksbank’s opening of Pandora’s monetary toolbox does make a similar outcome less convincing. We change our EUR/SEK forecasts.

Q4 GDP

GDP up by 0.3% in the euro area and by 0.4% in the EU28 – Eurostat

Euro zone fourth-quarter GDP grows by higher than expected 0.3 percent – Reuters

Finland: Q4 flash GDP down – Nordea

Euro area: GDP is picking up, up up… - Nordea

Euro area divergence more about regions than countries – FT

Euro area recovery gains momentum – Danske Bank

Eurozone GDP — Recap – WSJ

GDP growth masks a broken eurozone – The Guardian

Euro-Area Growth Accelerates on Fuel From German Surge: Economy – BB

Germany fuels hopes for eurozone recovery – FT

Merkel keeps up the heat on Greece – FT

UKRAINE / RUSSIA

EU Stands by Russia Sanctions After Minsk Cease-Fire Deal – BB

Putin Emerges Stronger as Ukraine Deal Averts Escalation Threat – BB

Fighting rages in run-up to Ukraine ceasefire – Reuters

European leaders cautious over ‘Minsk II’ agreement – FT

GREECE

Don't Make Us Do It: ECB Wants a Political Deal on Greece – BB

The ECB does not want to be pushed into a position where it is making decisions on the future of the Greek banking system -- and the country’s membership of the euro -- without political cover from European capitals.

What the EU summit leaders said - and what they really think – The Telegraph

Greece and Germany Are Working Toward a Compromise – BB

Greece, Germany Said to Offer Compromises on Aid Terms – BB

Greek Gambit Succeeds As Germany Said To Ease Bailout Terms – ZH

Dijsselbloem Pours Cold Water On Greek Compromise – ZH

Eurogroup head 'very pessimistic' for Greek deal by Monday – Reuters

The big Greek debt restructuring scam – Nordea

Greece promises to do 'whatever we can' as debt talks cheer markets – Reuters

Greece, Troika start talks on common reform ground – Reuters

Varoufakis faces challenge of turning games theory into winning strategy – FT

Merkel keeps up the heat on Greece – FT

UNITED STATES

Money Makes Crazy – Krugman / NYT

Here's a $9 Trillion Question – BB

The dollar debt is just one example of how the Fed’s tightening would ripple through the world economy. From the housing markets in Canada and Hong Kong to capital flows into and out of China and Turkey, the question isn’t whether there will be spillovers -- it’s how big they will be, and where they will hit the hardest.

REGULARS

Daily Central Banks – WSJ

Douglas’s Take: Oil Plunge Prompts Talk of U.K. Rate Cut * Economists Trim Forecasts of Fed Rate Rises * ECB’s Weidmann: No Immediate Need for Quantitative Easing * Norway’s Central Bank Won’t Follow Sweden’s Moves * Weak Yen Raises Concern Among Some at BOJ

Daily Macro – WSJ

Things are looking up for the eurozone. A cease-fire has been struck between Ukraine and its Russian-backed separatists. The conflict between Greece and its rescuers seems likely to be patched up before it goes critical. And the latest GDP data point to revival, however anemic. Infusions of European Central Bank liquidity through its quantitative easing program ought to reinforce the positives. Of course, none of these represent long run solutions.

Danske Daily – Danske Bank

Eye-Opener – Nordea

An Ukrainian deal * Riksbank goes QE and negative, Pandora’s monetary toolbox undermines the SEK * EUR gains on USD as ECB lends more money to Greece * Greek yields fall massively

Daily Shot – TradingFloor

There are two problems with this ceasefire "deal" in Ukraine. First is that the Russian government has no incentives to stabilise the situation. Second, Ukraine's government is about to default. This is not going to end well.

US Open – ZH

German DAX Rises Above 11,000 For First Time After European GDP Surprises To Upside

FX Update – TradingFloor

What’s up with the US dollar? Was yesterday’s USD sell-off merely a positioning-inspired train wreck or is a bigger consolidation weaker on the way? The fundamentals don’t support an extension in USD to the weak side.

From the floor – TradingFloor

The euro rode a wave of enthusiasm on the Ukraine ceasefire and possible Greek debt resolution hopes to fire a risk-on sentiment that may well get some more fuel from a stellar German Q4 GDP print this morning.

FINNISH

Aamukatsaus – Nordea

Rahapolitiikan domino jatkuu vielä | EKP:n toimet ja Kreikkahuolet ajavat korkomarkkinoita | Tänään luvassa euroalueen BKT-luvut |

Federalistien pitäisi olla Kreikalle kiitollisia – Tyhmyri

Kansa luottaa unioniin ja euroon, talouteen ei – Verkkouutiset

Tuoreen eurobarometrin mukaan suomalaisia huolettaa edelleen taloustilanne, mutta enemmistö näkee EU:n tulevaisuuden myönteisenä.

Teollisuuden liikevaihto syys-marrask. -2 % YoY – Tilastokeskus

Palvelujen liikevaihto syys-marrask +3,9% YoY – Tilastokeskus

Palkkasumma loka-jouluk. +1,3% YoY – Tilastokeskus

Kansantalouden tuotanto pieneni joulukuussa – Tilastokeskus

Joulukuussa 2014 vaihtotase tasapainossa, pääomaa vietiin nettomääräisesti – Tilastokeskus

Pages

Google Analytics

Friday, February 13

13th Feb - Good GDP-data from Europe