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EUROPE
A decade of misguided
political and economic orthodoxy has killed growth and fuelled populism
The following is a
revised version of an interview between George Soros and Gregor Peter Schmitz
of the German magazine WirtschaftsWoche.
Back to the drawing
board for the ECB
EUROPEAN
CENTRAL BANK
Five Things to Ask Mario
Draghi Today From Oil to Negative Rates – BB
Draghi's Oil-Crash
Struggle Evokes ECB Reply to 2011 Spike – BB
5 Questions About the
ECB’s Thursday Meeting – WSJ
A few questions for
Draghi today – Jonathan
Algar
Introductory Statement
to the press conference – ECB
ECB News Conference—Live
Blog – WSJ
As it happened: Mario
Draghi press conference – FT
Euro tumbles; stocks surge
after Draghi says "will reconsider in March" – ZH
Draghi Drives Euro Lower
– Marc
Chandler
Draghi Readies for ECB
Action in March as Global Risks Escalate – BB
ECB's Draghi eyes March
policy review as economic risks grow – Reuters
ECB meeting - It ain't
over till it's over – Carsten
Brzeski
5 Takeaways from Mario
Draghi’s News Conference – WSJ
New easing package likely
announced in March – Pictet
MIGRANT
CRISIS
Merkel in Peril With
Window to Tame EU's Refugee Crisis Closing – BB
In Europe and at home, Merkel’s
policy being blown away – The
Economist
Austria does Angela
Merkel’s dirty work – Politico
OTHER
Economic overview – Markit
Global economy ends 2015
on soft note amid emerging market gloom
Two Important Reforms – Marc
Chandler
There have been two
important reforms announced, one in the EU and other in the IMF, that many
investors may have missed due to the carnage in the markets.
Markets are really, nominally confused – FT
Real global GDP barely
decelerated in 2015 (from 3.4% in 2014 to 3.1%) and will somewhat re-accelerate
this year (to 3.4% again).
REGULARS
U.S. Stocks Hit Fresh Lows Amid Oil
Slide
Morning MoneyBeat Europe – WSJ
Morning MoneyBeat US – WSJ
More equity market carnage, bonds
and the JPY rally, no help from the ECB today * ECB not ready to act today * Core
bonds rally and spreads explode * JPY surges on the back of risk aversion
Markets continue to be weighed down
by dismal commodity prices and soft sentiment but those traders hoping for a
cash injection from Frankfurt may be disappointed as the EU economy is broadly
holding steady despite current market conditions.
Fragile Calm Ahead of ECB Meeting
Cameron calls on
business leaders to make case for remaining in reformed EU * French PM pours
cold water on prospect of UK deal at February EU summit * Austria becomes first
EU country to impose cap on refugee numbers * Civitas: “Myth” that EU
membership adds clout in trade negotiations * Commission orders Belgian
government to recover €211m in state aid to steel firms as it eyes potential
state aid in Italy * ECB expected to hold, despite market turmoil and low
inflation * EU Economics Commissioner sees limited impact from market
uncertainty on European growth * Big European states back Lagarde to continue
as IMF chief
Who runs Austria? —
Refugee policy RIP — Davos digest
US Equity Futures Fail To Sustain
Bounce; Resume Slide On Oil Fears
Frontrunning – ZH
The deflationary risks
have accelerated since the December 3 damp squib from the ECB but can Draghi
deliver sufficiently dovish rhetoric to impress this market which slipped back
into deleveraging mode in the Asian session overnight?
China's weak growth is
no news, illiquidity is a greater issue * ECB is expected to be very dovish * Oil
price remains under pressure until production is cut, voluntarily or not * Gold
moving higher but not with much conviction
FINNISH
EKP:n
kokous ei tarjoa uusia toimia, ei piristä markkinatunnelmaa * Inflaatiopaineet
kasautuvat USA:ssa * Kanadan keskuspankki piti ohjauskoron ennallaan
Kiinteät investoinnit
piristymässä vähän, mutta pääomakanta supistuu yhä – EK
Investoinnit eivät korvaa kulumista,
odotuksetkin vain välttävät – Verkkouutiset