EUROPE
Eurozone repo market
shrinks in second half – FT
European repo is on
the decline – alphaville
/ FT
Cash hoarding by lenders and increased reliance on central bank funding
caused the eurozone’s “repo” market, where banks can access short-term funding,
to shrink by nearly a tenth in the second half of last year.
Mario Draghi Interview
with Neue Zürcher Zeitung – ECB
Turkey’s central bank loves a policy rate. So much that over the past three
years it has gone from using one benchmark to a blurry handful.
No one tries harder
than Europe to fight climate change. The recession is testing
that.
– WaPo
Despite the crisis,
the euro has more than doubled trade among Eurozone members – Europp
/ LSE
Moreover, while the Eurozone crisis has created more substantial
problems in Southern Europe, the trade benefits
derived from the single currency have been disproportionately larger in
Eurozone periphery states.
We argue that part of the euro’s rise over the past several months
reflects a reassessment of Spain’s outlook.
PURCHASING MANAGER INDICES
Strong European PMIs suggest growth in Q1 – TradingFloor
Euro PMIs give another
signal of a firmer recovery – Danske
Bank
Eurozone manufacturing
expansion accelerates; risks remain – Sober
Look
France-Germany Yield
Spread Widens as French Growth Trails Peers – BB
OTHER MACRO NUMBERS
Eurozone current account surplus at all-time high – TradingFloor
UNITED STATES
S&P 500 Sector
Heatmap – Bespoke
Fedspeak Cheat Sheet: Where Do
Officials Stand on Policy? – WSJ
Chicago Fed: Economic Growth
Moderated in December – dshort
Comments on Existing Home Sales: Watch Inventory – Calculated
Risk
ASIA
PURCHASING MANAGER INDICES
China PMI Signals First
Contraction In 6 Months; Drops Most Since May – ZH
China Manufacturing Index Signals Surprise Contraction – BB
Asian Stocks Drop After China’s Flash
Manufacturing PMI – BB
Drop in PMI suggests growth is again slowing – Danske
Bank
China Flash PMI: yin and
yang – beyondbrics
/ FT
Japan’s Price Gauge Rises
Most Since 1998: Economy – BB
IMF says BOJ inflation target likely to take more than two years – Reuters
Australians in Record Loan Spree as House Prices Soar – BB
The fund’s scrutiny of
Korea’s currency policy comes after Bank of Korea’s top official indicated
early this year the central bank is ready to intervene in currency markets to
curb the won’s strength.
OTHER
Macro problems, micro
solutions – UBS
How trade, technology and finance can help keep the recovery going, a
UBS view on the 2014 World Economic
Forum theme: “The Reshaping of the World”
Energy is gradually
decoupling from economic growth – alphaville
/ FT
According to BP’s Energy Outlook,
which was released this week, global energy demand will continue to grow until
2013, but that growth is set to slow, driven by emerging economies — mainly
China and India.
EMEA Weekly, Week 5 – Danske
Bank
FINNISH
Hallitus varautuu jopa kolmen miljardin euron
lisäsäästöihin – YLE
Hallituksessa
valmistellaan taas uusia valtion talouden säästöpäätöksiä.
Valtiovarainministeriö on arvioinut, että valtion velan kasvun taittaminen
vaatisi noin kolmen miljardin euron lisäsäästöjä.
Pääministeri väläyttää syksyllekin säästöjä – Verkkouutiset
Kehysriihessä
sopeutustarve ehkä kolme miljardia, mutta päätökset eivät lopu Jyrki Kataisen
mukaan siihen.
Katainen maanittelee suomalaisyrityksiä
mukaan Maailman talousfoorumiin – Verkkouutiset
Asuntovelat
kasvoivat 4,7 prosenttia vuonna 2012 – Tilastokeskus
Velat
kasvavat: Asuntovelallisilla velkaa 180 prosenttia vuosituloistaan – Verkkouutiset