Update on euro
area economic activity – Pictet
The
big question about the euro area economy is when the bottom of the slowdown
will be reached.
ifo Business
Climate Index Falls –
CESIFO
German business
confidence approaches three-year low – FT
German Business
Confidence Deteriorates Amid Heightened Risks – BB
Draghi’s law of conditional safety – Eric Lonergan
The
fundamental macroeconomic policy challenge faced by the Eurozone is how to have
a risk free asset – which is essential to the functioning of a modern financial
system – while simultaneously preventing fiscal free-riding. Mario Draghi,
somewhat miraculously, may have squared this circle.
UNITED STATES
Trump, lawmakers
reach deal to end shutdown – Reuters
President
Trump said he has reached a tentative agreement with lawmakers for three weeks
in stop-gap funding that would end a partial government shutdown now in its
35th day, with a senior Democratic aide saying money for a border wall is not
included.
OTHER
A tour of the
global economy (in one chart pack) – Danske
Bank
In
this macro chart pack, we present the state of the world economy, with charts
on the global macro economy, the US, euro area, China, Japan and financial
markets more broadly.
George Soros
launches attack on Chinese president Xi – FT
Soros
launched an attack on China’s president Xi Jinping, singling out advancements
in artificial intelligence in the hands of repressive regimes as a “mortal
threat” to societies around the world.
Perspectives:
Investing in 2019
– Pictet
REGULARS
Five Things to
Start Your Day Asia –
BB
Eco Day Asia – BB
Global
Trade Cracks, PBOC Swap Tool, Draghi Rate Window * Germany’s industrial slump
worsened at the beginning of 2019 * Google searches signal U.S. retail sales,
consumption hold up
EU Open Rundown – RANsquawk
FirstFT Daily
Briefing
– FT
Brussels Briefing – FT
A
new Brexit script: a revised ‘political declaration’ on future relations holds
some lessons for what lies ahead
Brussels Edition – BB
Brussels Playbook – Politico
Stoltenberg
talks Russia, nuclear — Davos dispatch — Euroskeptics unite
Danske Daily – Danske
Bank
Eco Day Europe – BB
'Miles'
From Trade Deal, ECB Flags Risks, U.S. Comfort * U.S. commerce secretary gives
stark review of talks with China * ECB’s Draghi weighs negative global risks
more heavily
Daily Market
Comment
– Marc
Chandler
Euro
Pares Yesterday's Losses and Sterling Pulls Back after topping $1.31
Five Things to
Start Your Day US
– BB
US Open Rundown – RANsquawk
US
Open
– ZH
Stocks
Rally After Shrugging Off Trade Concerns, Dismal German Data
Eco Day US – BB
Shutdown
Hampers U.S. Data, ECB Outlook, BOE Succession * Data delays amid shutdown has
made it harder for Fed, farmers * Draghi is watching his ECB rate hike slip
over the horizon
Draghi myönsi sen, minkä muut jo tiesivät - EKP totesi
euroalueen riskinäkymien kääntyneen alasuuntaisiksi | Tänään Saksasta julkaistaan
talouselämän luottamusta kuvaava Ifo-indeksi | Euroalueen ostopäällikköindeksit
jatkoivat laskuaan