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Wednesday, January 30

30th Jan - Fed's dovishness confirmed #4008


EUROPE
ECB Stimulus Looks Endless Now. Here's What It Means for MarketsBB
Data points to a slowdown and sets up a dovish monetary shift * Strategists, investors weigh impact of easier policy on assets

Europe Stays in Gloomy Mood as Germany Slashes Its 2019 OutlookBB
Euro-area confidence gauge fell more than forecast in January * German economy seen growing at slowest pace in six years

Eurozone economy still suffering from winter blues ING
The economic sentiment indicator of the European Commission fell further in January. While forward-looking indicators don’t point to much improvement in Q1, consumers are offering a glimmer of hope

Berlin eyes stimulus to boost softening economyFT
Plan to introduce tax breaks for investments in research and development

Germany: Retreat and reliefING
German headline inflation slows to the lowest level since February 2018 on the back of lower energy prices, and a further softening is in the offing. With consumer confidence close to all-time-highs, lower inflation makes consumers the best recession-fighting instrument that the German economy has

EU considers proposals to exclude Chinese firms from 5G networksReuters


UNITED STATES
Huawei is too great a security gamble FT
There is no proof that the telecoms equipment company helps China to spy but its loyalty is clear

U.S. private payrolls rise strongly; housing market struggling Reuters

  FEDERAL RESERVE
FOMC Statement – FED
Fed leaves rates unchanged, says will be 'patient' on future hikes – Reuters
Fed Adopts ‘Patient’ Rate Stance With Balance-Sheet Flexibility – BB
Fed puts rate rises on hold as global economy slows – FT
How the January Statement Changed From December – WSJ


OTHER
China to rush through new foreign investment law FT
Beijing hopes move to ban ‘forced’ technology transfers will help smooth trade talks

U.S., China face deep trade, IP rift in high-level talksReuters
US and China launch a critical round of trade talks amid deep differences over U.S. demands for structural economic reforms from Beijing that will make it difficult to reach a deal before a March 2 U.S. tariff hike.

Global economy on shaky ground Handelsbanken
A downturn is imminent * Time for politicians to step up * Interest rates remain low

  
REGULARS
Five Things to Start Your Day AsiaBB

EU Open RundownRANsquawk

FirstFT Daily BriefingFT

Brussels BriefingFT
EU’s liberals struggle to muster energy for the Spitzenkandidat race - Alde came up with the idea of nominating up to eight contenders

Brussels Edition BB

Brussels PlaybookPolitico
Guess who’s, back again — Brussels roadblock — German conservatives say no to #MeToo

Danske Daily – Danske Bank
https://research.danskebank.com/research/#/

Eco Day Europe BB
Fed Day, Yellow Jackets, ECB Chief Economist, BOE Split * France’s yellow-jacket protests hurt 4Q GDP, could impact 2019 * Bank of England makes progress on gender balance, Haldane says

Daily Market CommentMarc Chandler

Five Things to Start Your Day USBB

US Open RundownRANsquawk

US OpenZH
Global Markets Rise Ahead Of Fed And Trade Talks As Gold Hits 8 Month High

Eco Day USBB
Fed Rates Day, U.S.-China Trade Talks, Euro-Area Gloom * Powell begins new era of press conferences at every meeting * U.S. and China talking again but deal prospects are still slim


FINNISH
AamukatsausNordea
Tänään markkinoiden huomio kiinnittyy Fedin kokoukseen | USA ja Kiina jatkavat tänään kauppaneuvotteluja Washingtonissa | May ohjeistettiin muokkaamaan Irlannin rajakysymystä

Suhdanneodotukset jäähtyneet syksystäEK
Tilanne kuitenkin jatkunut suotuisana – rekryvaikeudet yhä ongelma

Suomalaisten piilovelka kasvaaSuomen Pankki
Velkaantuneisuus, jota mitataan usein kotitalouksien velan suhteella käytettävissä oleviin tuloihin, on kasvanut ennätyssuureksi.