EUROPE
EUROPEAN CENTRAL BANK
ECB Is Said to
Need More Convincing on Long-Term Loans for Banks – BB
Officials
haven’t yet discussed need for new bank funding * Decision on longer-term
funding offer in March is uncertain
Daniel Gros: The
Mirage of a Global Euro – Project
Syndicate
When
the euro was introduced a generation ago, European leaders envisaged a common
currency that would come to rival the US dollar as a second global reserve
currency. That hope has failed to materialize – an outcome that European
leaders would be wise to welcome.
Debt-laden
borrowers revel in Europe’s buyout boom – FT
Risky
companies pile on more debt with fewer safeguards, despite regulatory scrutiny
Fiscal spillovers
in a monetary union
– ECB
Recent
developments in oil prices – ECB
GERMANY
German factory
orders drop in December in latest sign of slowdown – FT
New
orders in manufacturing fall despite expectations of rise
Germany:
Industrial slowdown continues – ING
Industrial
orders took another nosedive, indicating that any rebound in industrial activity
will be slow and sluggish. But there is some light at the end of a very long
tunnel.
New German CDU
leader calls for European army – FT
Kramp-Karrenbauer
say EU cannot be ball played between US, Russia and China
UNITED STATES
STATE OF THE UNION
Full
text – CNN
Trump’s
State of the Balcony Address – BB
Trump
uses State of the Union to reveal Kim summit – FT
Trump
Yields No Ground to Democrats in Combative State of Union – BB
Trump
calls for rejection of 'politics of revenge' in speech that jabs Democrats – CNN
In
dissonant speech, Trump seeks unity while depicting ruin – WaPo
5
takeaways from Trump’s address – WaPo
Trump
Asks for Unity, but Presses Hard Line on Immigration – NYT
Takeaways
From Trump’s 2019 State of the Union Address – NYT
US
State of the Union: Building walls, not bridges – ING
Editorial:
Trump’s State of the Union Address Was Almost Good – BB
OTHER
Facebook to link
employee bonuses to progress on social issues – FT
Company
sets new criteria after facing criticism for ‘growth-at-all costs’ mentality
IMF Staff Floats Dual Money to Allow Much Deeper Negative Rates – BB
How Bad Is China's
Economic Slowdown? It Depends What You Sell – BB
Bull
case: consumer spending still robust, government stimulus * Bear case: global
companies raising red flags, trade war
REGULARS
EU Open Rundown – RANsquawk
FirstFT Daily
Briefing –
FT
Brussels Briefing – FT
Germany
pushes for an EU industrial policy revolution - Siemens and Alstom provided
insufficient remedies to address concerns that any combined entity would have a
virtual monopoly in some European markets
Brussels Edition – BB
Brussels Playbook – Politico
State
of Trump’s union — May back in town — Giants and unicorns, oh my
Danske Daily – Danske
Bank
Little
news in Trump's State of the Union speech
Eco Day Europe – BB
Brexit
and Productivity, Trump Speech, RBA Bias Change * Italy is preparing to sell
1.8b euros of state-owned property * Asian emerging markets are preparing to
dump hawkish bias
Daily Market Comment – Marc
Chandler
Five Things to
Start Your Day US
– BB
US Open Rundown – RANsquawk
US Open – ZH
Global
Rally Fizzles After Horrible German Data; Aussie Dollar Plunges, Iron Ore
Surges
Eco Day US – BB
Trump's
Speech, ECB in No Hurry on Loans, U.K. Outlook * Trump inflates U.S. economic
achievements from jobs to wages * ECB said to need more convincing on long-term
loans for banks
FINNISH
Aamukatsaus – Nordea
Trump piti eilen puheen kansakunnan tilasta, ei tarjonnut
yllätyksiä | Puolan ja Brasilian keskuspankit kokoustavat tänään | USA:n
palvelusektorin luottamus jatkoi laskuaan, myös Ruotsin ja Britannian
palveluiden ostopäällikköindeksit laskussa
2013 – The Finnish Divergence – ETLA
Jan Hurri: Omatekoinen taantuma – VM neuvoo, miten se uusitaan – IS
Suomi vasta toipuu edellisestä omatekoisesta taantumasta,
kun VM jo yllyttää valmistelemaan seuraavaa. Parasta kai kiristää omaakin vyötä
jo valmiiksi, kirjoittaa erikoistoimittaja Jan Hurri.
Seppo Varjus: Ministeriön luvuilla luututtiin lattiaa – talouskuri valui
viemäristä alas – IS
Pitkään hallinnut [talouskuri-]ideologia hiipuu Euroopassa. Olisi ihme, jos tämä ei näkyisi Suomessakin.
Pitkään hallinnut [talouskuri-]ideologia hiipuu Euroopassa. Olisi ihme, jos tämä ei näkyisi Suomessakin.