EUROPE
Leonid Bershidsky:
France and Germany Need to Do More Than Renew Their Vows – BB
Emmanuel
Macron and Angela Merkel’s attempt to make an example of their cooperation
faces too many obstacles.
Italy: Flirting
with technical recession – ING
Poor
November industrial production data combined with soft confidence numbers
markedly increase the chances of Italy entering a technical recession in 4Q
Concerns about
Italy have not gone away – Pictet
After
battling for more than two months over a 2019 budget plan defiantly non-compliant
with the EU fiscal rules, Rome and Brussels struck a last-minute agreement in
December that avoided opening an Excessive Deficit Procedure (EDP).
UNITED STATES
US inflation:
Follow the core
– ING
US
headline inflation was depressed by the plunge in energy prices, but we should
be focusing on the core rate, which will be pushed higher by rising labour
costs in the months ahead
OTHER
From Jaguar to
Macy's, Global Gloom Spreads Across Industries – BB
Wave
of profit warnings, plans to cut jobs in recent days * China, trade tensions,
volatility loom large over 2019
Martin Wolf: Why
the world economy feels so fragile – FT
Political
instability will make it harder to ride out a slowdown
Kenneth Rogoff:
Risks to the Global Economy in 2019 – Project
Syndicate
Over
the course of this year and next, the biggest economic risks will emerge in
those areas where investors think recent patterns are unlikely to change. They
will include a growth recession in China, a rise in global long-term real
interest rates, and a crescendo of populist economic policies.
REGULARS
EU Open Rundown – RANsquawk
FirstFT Daily
Briefing –
FT
Brussels Briefing – FT
Discord
marks the official launch of Romania’s EU presidency
Brussels Edition – BB
Brussels Playbook – Politico
Weber
tests the waters — Franco-German love-fest preview — Tusk charms Romania
Danske Daily – Danske
Bank
Patient
central banks
Daily Market
Comment
– Marc
Chandler
Trade
Optimism and the Recovery in Oil Boosts Risk Appetites
Five Things You
Need to Know to Start Your Day – BB
US Open Rundown – RANsquawk
US Open – ZH
Futures
Slide, Global Rally Fizzles; Oil Set For Longest Rally On Record
Daily Economy – BB
U.S.
Recession Risk, European Bad News, U.K. Slowdown * Economists put risk of U.S.
recession at a six-year high * Italy keeps Europe on a downer following scare
for Germany
FINNISH
USA:ssa pörssit nousivat eilen viidettä peräkkäistä
päivää | Hiljaisen päivän parrasvaloissa ovat USA:n inflaatioluvut joulukuulta
| EKP:n pöytäkirja ei tarjonnut yllätyksiä, Suomen teollisuustuotanto jatkaa
kasvuaan