Germany’s CDU
toughens line on immigration – FT
Party
moves to resolve issue that brought governing coalition to brink of collapse
Germany's Political Mess: CDU Leader Rebukes Merkel on Immigration – Mish
Leonid Bershidsky:
Russia's Growth Expectations Fall Back to Earth – BB
The
economic data for 2018 were surprisingly rosy. The outlook for this year is
sharply less upbeat.
Eurozone industry
sees hole deepen at the end of 2018 – ING
A
monthly decline of 0.9% in December leaves production in the monetary union
4.2% below that of last year. Temporary factors and downside risks continue to
weigh on industry, making a swift recovery in 1Q unlikely
UNITED STATES
Paul Volcker &
Ray Dalio | State of the US Economy & Government – Youtube
I
sat down with one of my greatest heroes, Paul Volcker, to talk about the state
of the economy and U.S. government as well as learn about the principles that
guided his incredible career. We also discuss the decline of civil service and
how Paul hopes to revitalize the field with The Volcker Alliance by working
with universities and the government to train people effectively and
efficiently and minimize the bureaucratic hurdles that deter people from
pursuing government jobs.
US inflation heads
higher, when will rates? – ING
Headline
inflation is being held down temporarily by energy price falls, but decent
growth and a robust labour market suggest price pressures will strengthen. This
will help build the case for a summer Federal Reserve rate hike
OTHER
Yield Outlook:
What would drive up bond yields? – Danske
Bank
China
growth concerns, Brexit concerns, fears of a trade war and specific production
issues in the German car industry due to new environmental regulations are all
factors that have broken the growth momentum in the euro area. These factors
are not likely to come off investor agendas anytime soon, and they will
contribute to keeping bond yields low for the coming months.
As China Defaults
Rise, Ratings Firms Are Little Help – BB
Global
grading systems of domestic bonds won’t be much of an improvement over the
opaque local scales – or much comfort to foreign investors.
Reserve Bank of
Australia’s upbeat stance turns upside down – Pictet
Governor
of the Reserve Bank of Australia Philip Lowe sent clear dovish signals,
indicating that a rate cut was now as probable as a rate hike.
REGULARS
Five Things to
Start Your Day Europe
– BB
FirstFT Daily
Briefing
– FT
Brussels Briefing – FT
Brussels Edition – BB
Brussels Playbook – Politico
Belgium
grinds to a halt — Welcome North Macedonia — Money’s nice if you can get it
Danske Daily – Danske
Bank
Eco Day Europe – BB
U.K.
Inflation, Riksbank, RBNZ Holds, U.S.-China Talks * President Trump says he’s
open to delaying the tariff deadline * New Zealand now sees interest rates
unchanged until 2021
Daily Market
Comment
– Marc
Chandler
QT
is not the Opposite of QE
Five Things to
Start Your Day US
– BB
US Open Rundown – RANsquawk
US Open – ZH
S&P
To Open Above 200DMA For First Time Since December On Trade Talk Euphoria
Eco Day US – BB
Trump’s
Trade Signals, U.K. Prices, Robots Making Jobs * U.S. president says he’s open
to delaying the tariff deadline * Europe looks like the weak link as the BOE
sees inflation fall
FINNISH
Aamukatsaus – Nordea
Trump harkitsemassa liittovaltion rahoitussopimuksen
hyväksymistä, kauppaneuvotteluiden määräaikaa voidaan mahdollisesti pidentää |
Tänään Riksbank on kokousvuorossa | Lisäksi tänään julkaistaan inflaatiolukuja
USA:sta ja Iso-Britanniasta