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EUROPE
Financial assistance provided
to countries in difficulties – ECA
Auditors complain about the euro crisis management
Finland continued economic nightmare – Lars
Christensen
Leave the euro or wish for a dovish ECB - and free labour market.
Europe Needs Stimulus. Just Not Draghi's Kind – View
/ BB
Fiscal spending it has to be?
IORPs Stress Test Report 2015 – EIOPA
European pension schemes ‘vulnerable to big
market downturn’ – Politico
Pension system could survive, unless markets crash
In charts: how Italy’s bad loans built up – FT
MIGRANT
CRISIS
EU’s passport fraud
‘epidemic’ – Politico
Sweden to expel up to
80,000 asylum seekers – Politico
EU’s passport fraud
‘epidemic’ – Politico
Europe Faces Decision
Time on Migration – PIIE
Joakim Ruist: Fiscal cost of refugees in Europe – vox
UNITED STATES
Why the Manufacturing Contraction Might Not
Signal a Recession – WSJ
5 Things to Watch in the Fourth-Quarter GDP
Report – WSJ
FEDERAL
RESERVE
Fed puts March rate hike
off the table – ABN
AMRO
Less ‘confident’ Fed
likely to stay on hold in March as well – Danske
Bank
FOMC Recap – Tim Duy
Fed on hold in March, ‘only’
two hikes this year – Pictet
The Fed makes the best
of the bad situation it created – The Economist
Fed Signals Its Thinking
on Controversial Inflation Gauges – WSJ
OTHER
Labour market reforms,
growth and inequality: A new dataset – vox
Labour market liberalisation is both one of the most important structural
reforms and one of the least well understood. This is partly due to a lack of
data. This column introduces a new index of labour market regulations rigidity
covering over 140 countries from 1950 onwards. Trade liberalisation and per
capita income are shown to be more powerful explanations of the dynamics of
labour market reform than ‘legal origins’.
Bridgewater's Dalio Now
Has the Most Profitable Hedge Fund – BB
REGULARS
Morning MoneyBeat Asia – WSJ
U.S. Stocks Slide on Not-Dovish Fed
Morning MoneyBeat US – WSJ
Fed Adds Its Name to Those Cautious
on the Economy
Danske Daily – Danske
Bank
Euro rates update – Nordea
Eye-Opener – Nordea
FOMC leaves options open, wariness
dominates, new Fed forecasts * BoJ to remain sidelined * US 10-year yield
climbs back above 2%
Morning Markets – TF
US equities took a dip yesterday as
the FOMC stated (in so many words) that it too sees all those clouds on the
horizon. The grim sentiment seen so far this year however hasn't always been
matched by correspondingly dismal macro data.
Daily FX Comment –
Marc
Chandler
Dollar-Bloc Currencies Advance,
Sterling Too
Daily Shot – TF
The outlook for oil is
still far from being good. Due to that chances for production cuts are getting
better. Recent news helped lifting the share prices of Facebook (after hour)
and Weight Watchers.
Matt Levine’s Money Stuff
– View
/ BB
Tickets, Boutiques and
Reactions
Daily Press Summary – Open
Europe
Cameron scraps trip to
Denmark and Sweden for crunch talks with Juncker on renegotiation * European
Commission warns Greece it could face suspension from border-free Schengen area
* Sweden aims to deport half of last year’s asylum seekers * European
Commission sends Portugal warning over 2016 budget
Brussels Playbook – Politico
Tax D-Day — Visions of
EU doom — Passport free-for-all
US Open – ZH
Futures Bounce Fades As Oil Treads
Water, Italian Banks Turmoil, Chinese Stocks Won't Stop Falling
Frontrunning – ZH
Yesterday’s FOMC
statement was a fairly dovish downgrade from the December announcement and rate
hike but the market had thoroughly priced it in so the question has quickly
turned to “Now what?” Cue the Bank of Japan tonight.
With interest rates
unchanged it becomes increasingly important to parse what exactly central banks
are saying.
FINLAND & FINNISH
Fed
nostaa kolmesti * Ruotsin teollisuuden luottamus kohosi ennätyskorkealle *
USA:n korot sahasivat Fedin kokouksen ympärillä * Fedin varovaisuus heikensi
dollaria