EUROPE
JANUARY
PMIs
Flash
France Composite PMI – Markit
Flash
Germany Composite PMI – Markit
Flash
Eurozone Composite PMI – Markit
Eurozone PMI
signals economy almost stalled in January – ING
The
PMI fell to 50.7 in January from 51.1, indicating that 1Q is again off to a
disappointing start. The lack of recovery in January will add to the heated
debate about the state of the economy at today’s ECB meeting
France: Surveys
confirm economic standstill – ING
In
France, preliminary PMI indicators for January show sentiment in manufacturing
has stabilised, which confirms INSEE’s survey data published this week.
However, sentiment in services continues to deteriorate, going deeper into
contraction territory
Euro area:
Extended weakness
– Nordea
Today’s
Euro-area PMIs confirm the weakness seen last year extended into 2019. Hopes of
a quick rebound in economic activity are unrealistic and the ECB may soon be
forced to consider new stimulus measures
EUROPEAN CENTRAL BANK
Introductory
statement to the press conference – ECB
The
ECB should do the national twist with its reinvestments – FT
ECB
sets scene for change in rate guidance – ABN
AMRO
ECB
meeting: Increased alertness – ING
ECB
finally admitted that growth risks are biased downwards – Nordea
Marcus
Ashworth: Draghi Sells a Lemon, and the Market Buys It – BB
REGULARS
Five Things to
Start Your Day Asia
– BB
Eco Day Asia – BB
Zero
U.S. Growth, Davos Defends Order, China's Pledge * Germany’s drying rivers are
hurting growth amid recession risk * South Africa’s land seizures aren’t about
farming, but justice
EU Open Rundown – RANsquawk
FirstFT Daily
Briefing
– FT
Brussels Briefing – FT
Brussels
flexes legal muscle over departing UK with ECJ case - certain tax breaks
allegedly give traders in the City of London an unfair advantage
Brussels Edition – BB
Surveying
the Slowdown
Brussels Playbook – Politico
All
eyes on Greece — Refugee crisis redux — Merkel’s Davos auf wiedersehen
Danske Daily – Danske
Bank
Eco Day Europe – BB
China
Fights Growth Worry, Brexit Delay, Bank of Korea * Analysts see Brexit
extension as more harmful to U.K. economy * Chinese vice president looks to
calm on economic slowdown
Daily Market
Comment
– Marc
Chandler
Poor
EMU PMI Compounds ECB's Challenge
Five Things to
Start Your Day US
– BB
US Open Rundown – RANsquawk
Eco Day US – BB
U.S.
Shutdown Damage, ECB Rate Decision, German Plunge * German manufacturing slump
casts cloud over Europe’s economy * ECB policy makers set to play for time as
growth outlook sours