EUROPE
Merkel Ruffled at
Prospect of More Trump Hardball Tactics – BB
Chancellery
alarmed at U.S. push against pipeline, people say * U.S. looked to divide
Germany from EU allies on Nord Stream 2
Euro area: German
grief –
Nordea
Today’s
PMIs imply the challenges facing the German manufacturing sector are even
larger than previously thought, and increasingly burden the outlook for the
entire Euro area. Discussion on what the ECB could do will pick up at the March
meeting.
Eurozone
manufacturing slips into contraction – FT
PMI
hits lowest level in nearly six years as weak demand and uncertainty bite
UNITED STATES
Fed Watch: The end
of QT –
Nordea
The
Fed will end QT in the second half of 2019, as expected by the market. This was
the clear message from the minutes of the January meeting. It has already improved
market conditions and we keep the forecast of one more hike before the Fed is
done.
OTHER
China’s social
credit system, banning millions from taking flights, trains – SCMP
Annual
report shows the businesses and individuals added to trustworthiness blacklist
as use of the government system accelerates * System aims to pressure citizens
to avoid bad behaviour, although human rights advocates argue it does not take
into account individual circumstances
REGULARS
Five Things to Start
Your Day Asia
– BB
Five Things to
Start Your Day Europe
– BB
EU Open Rundown – RANsquawk
FirstFT Daily
Briefing –
FT
Brussels Briefing – FT
EU
plays for time on Trump tariffs: Ministers will discuss when, and under what
conditions, to begin negotiations with Washington
Brussels Edition – BB
All’s
not well with the euro-area economy.
Brussels Playbook – Politico
Trolling
Romania again — Brexit progress — Mogherini’s legacy
Danske Daily – Danske
Bank
Fed
wants to halt balance sheet runoff
Eco Day Europe – BB
Trade
Memorandums, Fed Patience, Fitch Warning * Minutes explain dovish Fed turn in
January as markets wobbled * Fitch puts U.K. on ‘negative’ watch in surprise
move
Daily Market Comment – Marc
Chandler
Aussie
Slammed by Dalian Coal Embargo, While Firmer Flash PMI does Euro Little Good
Five Things to
Start Your Day US
– BB
US Open Rundown – RANsquawk
US Open – ZH
Market
Rally Fizzles As New Front Breaks Out In Global Trade War Amid Dismal Econ Data
Eco Day US – BB
Global
Trade Pain, U.S.-China Memorandums, Fed Minutes * Trade tensions sting exports
economis from Japan to Germany * U.S., China said to work on multiple
memorandums for deal
FINNISH
Aamukatsaus – Nordea
Fed on lopettamassa taseen supistamisen, koronnostot yhä
mahdollisia | Tänään julkaistaan euroalueen ostopäällikköindeksit, myös EKP:n
pöytäkirja julkaisuvuorossa | Japanin teollisuuden näkymät painuivat
negatiivisiksi