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EUROPE
Will refugees acquire full free movement rights? – Open
Europe
Portugal's austerity reversal may spell budget
trouble – Reuters
Carney Says ‘Not Yet Time’ for Bank of England
Rate Increase – BB
Pound slides to lowest
since 2009 after speech in London * Governor says journey to policy
normalization is `still young'
OTHER
Matt Levine’s Money Stuff – View
/ BB
Banks, Oil, Davos and
Blockchains
The ECB and the Fed: A comparative narrative – vox
Although the Great
Recession was viewed as a US problem, the Eurozone was affected by it from the
start. This column compares the monetary policy responses to the Crisis by the
Fed and the ECB. It argues that the US approach has been much more aggressive
and proactive. The ECB failed to provide stimulus when needed, and as a result
the Eurozone might slip into a low-inflation trap.
Quantitative easing: A new eBook – VoxEU
Policymakers have employed
various new tools in response to the Global Crisis to revitalise economic
performance. This column introduces a new eBook that brings together key Vox
columns to reveal the evolution of the economic profession’s thinking about one
such tool – quantitative easing.
IEA Sees Risk of World Drowning in Oil – BB
Iran could restore
600,000 barrels a day of output by mid-year * Agency cuts 2016 global demand
outlook, raises non-OPEC supply
IEA Sees Iran's Return Intensifying Battle for
Europe Oil Market – BB
Iran will compete with
Saudi Arabia, Russia in Mediterranean * Nation has `work cut out' to regain
status as OPEC's No. 2
IMF
WORLD ECONOMIC OUTLOOK UPDATE
WEO Update: Subdued Demand, Diminished Prospects
– IMF
Weak Pickup in Global Growth, with Risks
Pivoting to Emerging Markets – IMF
Global growth forecast
revised down—3.4 percent in 2016 and 3.6 percent in 2017 * Emerging market and
developing economies facing increased challenges * Key risks relate to China
slowdown, stronger dollar, geopolitical tensions, renewed global risk aversion
Video: A View from the IMF: World Economic
Outlook – IMF
Press Briefing: World Economic Outlook Update – IMF
IMF downgrades outlook for world economy – WaPo
IMF cuts global growth forecast as China slows – Reuters
IMF chief economist: overreaction in markets to oil, China – Reuters
REGULARS
Morning MoneyBeat Asia – WSJ
China, Oil Drag Global Stocks Lower
Morning MoneyBeat US – WSJ
Looking for a Market Bottom? Keep an
Eye on Oil
Danske Daily – Danske
Bank
Euro rates update – Nordea
Eye-Opener – Nordea
Chinese growth slightly disappoints
* NOK suffers * King Report on the Riksbank * Portuguese bonds under pressure
Morning Markets – TF
The Chinese expansion figures for
2015 are in and while there were no real downside surprises relative to
forecasts the stats show mainland growth falling to a 25-year low as
manufacturing activity continues to tumble.
Daily FX Comment –
Marc
Chandler
Collective Sigh of Relief in Capital
Markets or Turnaround Tuesday?
Daily Shot – TF
A whole raft of Chinese
data has undershot expectations but that's not the real worry as GDP is still
expanding. But what if the figures are inaccurate as more and more analysts
suspect? Elsewhere a look to history tells us that scepticism about RBS
pronouncements might be a good idea.
Daily Press Summary – Open
Europe
Conservatives divided
over timing of EU referendum * Hollande unveils ‘emergency plan’ to boost jobs
* Merkel challenged by Cabinet Member to close Germany’s borders * King of
Spain starts tricky consultations over formation of new government * Tusk: I am
not enthusiastic about Commission intervention in Polish affairs * Dijsselbloem
lays out three reforms to make Europe “shock-proof” * Greek Finance Minister
warns quick disbursement of bailout funds needed to avoid another Greek crisis
Brussels Playbook – Politico
Poland vs Parliament —
Hollande’s plan — Davos digest
US Open – ZH
Equities Soar, Oil Back Over $30 On
Hopes For More Stimulus Following Disturbing Chinese Data
Frontrunning – ZH
Early trading in Europe
today suggests markets are trying to find inspiration from the rally in risk
sentiment in the Asian session – but today’s US session is where we need
confidence to return as the US returns from a three-day weekend.
Risk sentiment staged a
recovery in Asian markets on Tuesday despite soft Chinese fourth-quarter GDP
data leaving it up to Europe to decide whether the improvement would catch hold
or prove to be a dead-cat bounce.
FINNISH
Kiinan
teollisuustuotannon vaikeudet jatkuvat - hidastuva kasvu johtaa lisäelvytykseen
* Saksan rahoitusmarkkinoiden luottamus heikkenee * Öljyn hinta jatkoi
vajoamistaan
Kiinan velan kasvun takana
korkea säästäminen – Roger
Wessman
Saksa uhkaa lopettaa
talousavun, jos Afrikan maat eivät ota turvapaikanhakijoita takaisin – Verkkouutiset