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EUROPE
Is UK’s EU referendum in June as nailed as
people think? – Open
Europe
Europe's Weakening Inflation Outlook Spurs Calls
for ECB Action – BB
Mizuho sees ECB
increasing pace of asset purchases in March * RBS predicts 0.4 percentage-point
cut to deposit rate in 2016
EU launches ‘rule of
law’ probe of Poland – Politico
Could Poland be the
first victim of Article 7? – Politico
Timmermans calls for
talks as row over Polish media law rumbles on – FT
OTHER
New financial forecasts: No reason to be overly
worried yet – Nordea
2016 certainly started
with a bang. Plunges in Chinese equity prices have caused major swings in
markets globally, and many have started to question the global outlook more
generally. Our stance remains recent Chinese developments illustrate more
temporary uncertainty related to the equity markets and the currency than the
beginning of a hard landing in economy. The Fed will hike again in March, the
Bank of England will follow in Q2. Emerging market currencies are probably past
the worst.
Strategy 2016: Three reasons why the EUR could
soar – Nordea
The EUR has been under
pressure for monetary policy reasons since 2014, and we foresee some further
EUR weakness in 2016. As always, there are known knowns, known unknowns, and
unknown unknowns. In this piece we take a look at three known knowns which
could cause the EUR to actually soar.
REGULARS
Morning MoneyBeat Asia – WSJ
U.S. Stocks Extend Gains After Choppy
Session
Morning MoneyBeat Europe – WSJ
Morning MoneyBeat US – WSJ
A ‘Stealth Bear Market’ for the
S&P
Danske Daily – Danske
Bank
Euro rates update – Nordea
Eye-Opener – Nordea
Good news from Chinese trade and the
US labour market * New financial forecasts * Fed March rate hike probability
fading * GBP takes a hit on industrial data – ignoring better survey data
Morning Markets – TF
Surprisingly good Chinese data
helped cheer markets Wednesday but oil is in yet another of its tepid recovery
phases that offers very little confidence that it can defend the $30/b area.
Daily FX Comment –
Marc
Chandler
Fishing for a Bottom to Dollar-Yen
Daily Press Summary – Open
Europe
Sweeping changes
proposed to German immigration and asylum law in post-Cologne crackdown * AfD
polling on record high following Cologne attacks * Government clashes with SNP
over potential June referendum * Daily Express: Boris rejects leading Leave
campaign * European Commission to hold fire on Polish government’s
controversial reforms * New Spanish parliament holds first sitting amid
continued uncertainty over government formation * Mid-term review of EU budget
cancelled * Canadian mining firm suspends some operations in Greece amid
political interference
Brussels Playbook – Politico
China trade fight —
Polish debate — Migration money
US Open – ZH
Global Stocks Rebound As Fears Of
Chinese Hard-Landing Pushed Back On Strong Trade Data
Frontrunning – ZH
Markets tried to put a
pretty face after a relatively upbeat Asian session and a calming of the
overnight rates for offshore yuan. But the bounce will prove of the dead cat
variety if it can't extend notably in today's session.
Commodity prices – and
especially oil prices – remain near record lows but a stable Asian session as
well as some slight local bounces mean that risk sentiment is starting to
return to world markets.
FINNISH
Vaihteeksi
myönteisiä uutisia Kiinasta * Kiinan vienti laski odotettua vähemmän *
Euroalueen teollisuustuotannon kasvu jää aiempaa hitaammaksi * Fedin Evans ja
Lacker ovat äänessä tänään