German Economy
Heads for Worst Growth in Six Years – BB
Government’s
new 2019 forecast compares with 2.1% a year ago * Slowdown is prompting calls
for Germany to increase spending
UNITED STATES
US politics watch:
Four scenarios for 2020 – ING
With
the US Presidential election now just 18 months away and new candidates
officially joining the race to unseat President Trump, we look at four
different paths to the White House- and their implications for the economy and
financial markets
OTHER
Skip the Party for
China’s Economy –
BB
Relatively
healthy growth belies the country’s systemic problems.
Getting Exchange
Rates Right
– Project
Syndicate
Standard
calculations of a country’s real effective exchange rate (REER) ignore global
value chains that spread production processes across countries. Taking this
factor into account leads to more accurate REER calculations, which can have
profound policy implications.
Dynamic fiscal
limits and monetary-fiscal policy interactions – ECB
In
normal times, large public spending shocks may engender perverse debt dynamics
and cause economic contractions. At the
ZLB, a muted trade-off between stabilization and sustainability instead expands
the fiscal margin, especially if coupled with a commitment to a more active
monetary policy during normal times.
Monetary policy
spillovers, capital controls and exchange rate flexibility, and the financial
channel of exchange rates – ECB
The financial channel of exchange rates highlighted
in recent work reduces the extent to which local policymakers decide to exploit
the monetary autonomy in principle granted by flexible exchange rates in specific
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 Edition – BB
Brussels Playbook – Politico
MEPs
say goodbye — UK says not yet — Continent of swingers
Danske Daily – Danske
Bank
Chinese
economy surprises
Eco Day Europe – BB
China's
Economy Holds Up, Italy Populism, Japan Exports * Trump stirs alarm that he’s
handing China a new trade weapon * U.S., Japan begin talks on goods including
agriculture, autos
Daily Market
Comment
– Marc
Chandler
Veracity
of Chinese Data Questioned, but Lifts Sentiment Nevertheless
Five Things to
Start Your Day US
– BB
US Open Rundown – RANsquawk
US Open – ZH
Global
Stocks Rise Following Blowout Chinese Data
Eco Day US – BB
Fed’s
Policy Stance, Trump Trade Alarm, EU Tariffs List * Powell adopts
whites-of-the-eyes stance shunned by Yellen * Trump stirs alarm he may be
giving China a new trade weapon
FINNISH
Aamukatsaus – Nordea
Kiinan BKT odotuksia vahvempi, liian aikaista ennakoida
käännettä parempaan | Saksan ZEW-indeksi palasi nollan yläpuolelle | Tänään
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