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EUROPE
Winter 2016 Economic Forecast: Weathering new
challenges – EC
The European economy is
now entering its fourth year of recovery and growth continues at a moderate
rate, driven mainly by consumption.
EU cuts eurozone growth forecast – Politico
Merkel’s approval rating tumbles as AfD climbs – Politico
Backlash grows to Schengen backlash – Politico
Business raises alarms
about the high cost of restoring borders in Europe.
Portugal--Concluding Statement of Post-Program
Monitoring – IMF
General strike hits Greece – Politico
BANK OF
ENGLAND
Inflation Report,
February 2016 – BOE
[video] Inflation Report
press conference – BOE
Expectations for the
Next Bank of England Rate Hike Just Keep Drifting – WSJ
Carney Says Inflation
Pressures Fading as Global Risks Build – BB
Pessimistic BOE Shakes
but Doesn't Break Sterling – Marc
Chandler
BoE is not 'Fed light' -
we now expect first hike in Q1 17 – Danske
Bank
EUROPEAN
CENTRAL BANK
Mersch: Policy needs,
knowns and unknowns in the aftermath of the crisis – ECB
Economic Bulletin Issue
1, 2016 – ECB
What's so special about
specialization in the euro area? – ECB
Differences between
industrial gross value added and production – ECB
EUROPEAN
BANKS
Swiss banks rolling down
hills gather no bids – FT
Credit Suisse Drops as
Investment Bank Slump Deepens Losses – BB
CS Plunges To 25 Year
Lows On $5.8 Billion Q4 Loss – ZH
Deutsche Bank CoCos
Crash, Italian Bank Stocks Slide – ZH
European Bank Risk Soars
To 3 Year Highs, US Risk Rising – ZH
Italy's Bad-Loan Alchemy
Aims to Turn Toxic Dross Into Gold – BB
How Italy Seeks to Lure
Investors to Its Pile of Bad Loans: Q&A – BB
UNITED STATES
Summary Of U.S. Banks'
Energy And Commodity Exposure – ZH
What Oil and Gas’s Ugly 2015 Did to Business
Investment – WSJ
FEDERAL
RESERVE
Goldman Forecast: No
Rate Hike in March – Bill
McBride
Goldman Dials Back Fed
Rate-Hike Forecast – WSJ
JOBS
PREVIEW
El-Erian: What the U.S.
Jobs Report Needs to Show – View
/ BB
Jobs Day: Fed likely to
delay next hike – Tim Duy
5 Things to Watch in the
January Jobs Report – WSJ
Goldman Payroll Preview:
170K Forecast – Bill
McBride
OTHER
Goldman Sachs Fundamentally Questions How
Capitalism Is Working – BB
The profit margins
debate could lead to an unsettling conclusion.
The Hottest Idea in Finance: Capital Controls
Are Good – WSJ
Long shunned by
economists, controls gain support as a way to cope with destabilizing
investment flows
REGULARS
Morning MoneyBeat Asia – WSJ
U.S. Stocks Rise Amid Chaotic Forex
Session
Morning MoneyBeat US – WSJ
A Weakening Dollar Is Good for
Stocks…For Now
Danske Daily – Danske
Bank
Euro rates update – Nordea
Eye-Opener – Nordea
Jump in oil, tumble in the USD, also
US service sector suffering * BoE to revise down its inflation forecast * Inflation
expectations fallen back to very low levels * EUR/USD surges to 1.11
Morning Markets – TF
Prices for oil and other commodities
have surged higher on a slide in the US dollar. Meanwhile talk of a meeting
between oil ministers from Russia Iran and four other leading producer nations
has raised hopes of a return to stability in crude prices.
Daily FX Comment –
Marc
Chandler
Dollar Retreat Extends
Daily Shot – TF
The US ISM
non-manufacturing report missed consensus and send USD into the red. EUR GBP
and EM currencies as well as the prices of commodities did profit.
Matt Levine’s Money Stuff
– View / BB
Daily Press Summary – Open
Europe
Hollande: No “new
adjustments” to UK-EU deal * Juncker hints at 7-year ‘emergency brake’ on
welfare access but MEPs must approve changes * Polish commentators broadly
welcome UK-EU renegotiation compromise * EU finally agrees financing of €3bn
migration-fund for Turkey as Merkel continues decline in polls * Goldman Sachs
raises capital flow concerns in event of Brexit * Draghi warns difficulties in
structuring policy do not justify inaction
Brussels Playbook – Politico
Brexit briefs — Spanish
politics — Schengen costs
US Open – ZH
Futures Flat As Dollar Weakness
Persists, Crude Rally Fizzles
Frontrunning – ZH
The New York Fed’s
Dudley let loose with dovish rhetoric in an interview yesterday confirming
market suspicions in a large downgrade of the Fed’s rate hike intentions. The
market dumped dollars on this and weak US payrolls data tomorrow could further
pressure the USD across the board.
Market volatility is
very apparent today particularly in crude oil which has strengthened again
despite inventories growing. The weak USD is one of the reasons and this
benefits EM currencies as well. How the Fed will react remains to be seen but
further rate hikes have become less likely.
FINLAND & FINNISH
Jenkkidata
pehmenee! * Dudley ilmaisi huolensa viimeaikaisesta rahoitusolosuhteiden
kiristymisestä * USA:n palvelusektori osoitti hidastumisen merkkejä * Englannin
keskuspankki pitää ohjauskoron ennallaan
Hallitus haluaa karsia Yleisradion tehtäviä ja leikata rahoitusta – HS
Syksyllä 90 vuotta täyttävän Yleisradion tehtävästä
käydään nyt kovaa poliittista vääntöä.
Arviointineuvosto, julkisen
talouden kestävyys ja talouspolitiikan rajat – Image