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EUROPE
Making the economic case for Brexit – Politico
Time for a regime change in Frankfurt – CER
In recent years, the
European Central Bank’s (ECB) monetary policy has been half of what is
necessary, two years late. To get eurozone inflation back to its ‘close to 2
per cent’ target, the ECB needs to be much bolder.
What to look for when three German states vote
on Sunday – Reuters
Merkel Threat Lurks in
Black Forest as Refugees Sway Voters – BB
Spain Deserves a Government – View
/ BB
ECB
BEFORE
5 Questions About the
ECB’s Meeting – WSJ
More of the same likely,
but ECB needs new tricks – TF
Deutsche Bank’s Draghi
day menu – FT
How To Trade Tomorrow's
ECB Meeting – ZH
Deal with the root
problem: tackle non-performing loans – Europp
The ECB’s next move – ABN
AMRO
Preview: ECB Policy
Meeting – WSJ
Draghi Faces Day Of
Communication Reckoning – ZH
Deutsche: Most
Challenging Central Bank Meeting In Living Memory – ZH
Live Commentary – WSJ
Live Commentary – FT
ECB
AFTER
Monetary policy
decisions – ECB
Draghi Delivers The
Bazooka – ZH
Bunds, Euro Tumble As Stocks,
Credit Soaring – ZH
ECB takes rates deeper
into negative territory – Politico
The ECB’s Surprise
Easing Just Sent the Euro Sharply Lower – WSJ
Bank Stocks Jump Higher
After ECB Announcement – WSJ
European Central Bank to
Expand QE, Cuts Interest Rates Further – BB
ECB cuts rates,
increases assets buys more than expected – Reuters
Europe roars approval as
ECB pulls out the bazooka – Reuters
Next Stop on ECB QE
Adventure: $980 Billion Company Bond Market – BB
ECB cuts rates to new
low and expands QE – FT
Corporate Bonds Get ECB
Boost – WSJ
Draghi Delivers, but Now
What? – Marc
Chandler
Introductory Statement
to the press conference – ECB
Macroeconomic
projections March 2016 – ECB
Press release new series
of TLTRO II – ECB
CSPP added to APP – ECB
Draghi Blew It - Euro,
Stocks Retrace Bazooka Bounce – ZH
Last hooray or new
fireworks? ECB announces new stimulus package – Carsten
Brzeski
Draghi: ECB Done for Now
on Rates – BB
ECB pulls out all stops
with rate cuts, stimulus boost – Reuters
ECB: From a stick to a
carrot – Nordea
Europe Presses the Panic
Button – View
/ BB
The ECB: Whatever
Happened to Whatever It Takes? – WSJ
ECB Unveils More
Stimulus — Market-Watchers React – WSJ
El-Erian: More Central
Bank Surprises – View
/ BB
Two experiments for the
price of one – Scott Sumner
5 takeaways on the ECB’s
bigger bazooka – Politico
The ECB’s big bazooka
just got even bigger – WaPo
Who read the ECB right –
Politico
ECB delivers, but
markets hard to satisfy – Handelsbanken
UNITED STATES
The Fed should watch data, not calendar – View
/ BB
OTHER
Austerity past and future – Simon
Wren-Lewis
China to ease commercial banks' bad debt burden
via equity swaps – Reuters
China Proposes Nationalization Of Insolvent
Companies – ZH
REGULARS
Danske Daily – Danske
Bank
Euro rates update – Nordea
Eye-Opener – Nordea
Markets await the ECB today; rate
cut from RBNZ; oil close to USD 41 * ECB to boost risk sentiment? * Surprising
rate cut in New Zealand * FX market split on today’s ECB action
Morning Markets – TF
Asian stocks outside of China rose
on Thursday with help from gains overnight on Wall Street and firmer crude oil.
In the countdown to today's European Central Bank meeting the Reserve Bank of
New Zealand stunned with a 25 basis points rate cut to 2.25% and a very dovish
message which sent the kiwi dollar tumbling and crushed NZ market rates.
Daily Market Comment –
Marc
Chandler
ECB Meeting Promises Fireworks
Daily Market Comment
– Macro Man
Take Two
Daily Press Summary – Open
Europe
Cameron: Economic shock
of Brexit not a price worth paying * EU Ministers declare Balkan Route
permanently closed as controversial Turkey deal edges closer * Poland faces
full blown constitutional crisis after government refuses to publish
Constitutional Tribunal ruling striking down law restricting its own powers * Icelandic
PM: Key EU decisions increasingly determined by only one country * Further ECB
stimulus expected to aid flagging Eurozone economy * German exports drop
unexpectedly * Sarkozy: Schengen is dead, and Germany dealt it a fatal blow
Brussels Playbook – Politico
Polish constitutional
crisis — May tax relief be with you
US Open – ZH
All Eyes On Draghi: Markets
Unchanged, Poised To Pounce Or Plunge
Frontrunning – ZH
The Reserve Bank of New
Zealand pulled out all the stops to crush the kiwi with a surprise 25 basis
points rate cut and dovish guidance. Now the focus switches to the European
Central Bank and whether Mario Draghi can impress a skeptical market with
policy innovation.
A surprise rate cut from
the Reserve Bank of New Zealand saw the kiwi drop by 1% versus the USD
overnight while traders await today's ECB meeting for an update on monetary
policy and the state of European banks.
FINLAND & FINNISH
EKP
tiukassa paikassa * Startup-into tarvitsee lisää polttoainetta ja suuria
ajatuksia * Raakaöljyn tynnyrihinta palasi päälle 40 dollarin *
Valtionlainakorot tekivät eilen korjausliikkeen ylöspäin
Kansan palaute päättäjille:
laittakaa Suomen kilpailykyky kuntoon! – EVA
Suomalaiset
ovat havahtuneet talouskasvun tärkeyteen. Kansalaisia turhauttaa
yhteiskunnallisten uudistusten jumittuminen ja päätöksentekijöiden
saamattomuus. Eliitti saa kansalta moitteita saamattomuudesta, käy ilmi EVAn
vuoden 2016 Arvo- ja asennetutkimuksesta.
Helikopteriraha –
vihonviimeinen elvytyskeino? – T&Y
Valtion
menojen suora keskuspankkirahoitus eli helikopteriraha olisi oikein
toteutettuna varmasti tehokas elvytyskeino, mutta Saksa ei tule hyväksymään
EU:n sopimusten muuttamista sen sallimiseksi. Toistaiseksi käyttöön jäävät
EKP:n velkakirjaostojen laajentaminen ja koronalennusten jatkaminen.
Matti Tuomala: Miksi
fiskaalinen elvytys ei kelpaa? – PT
Teollisuuden
uudet tilaukset tammik. -1,8% YoY – Tilastokeskus
Teollisuustuotanto
tammik. -2% YoY – Tilastokeskus