Eurozone inflation rises to 1%
In Spain, the harmonized inflation rate in November stood at 0.5%, three tenths more than in October
In Europe
Hourly labor costs in the Eurozone industry grow at 2.9% per year due to the 3.1% rise in wages
Intermoney | From the perspective of the Eurozone’s labor costs, it was possible to highlight the maintenance of its dynamism, despite its small step back in 3Q19 to moderate up to 2.6% a.
Brexit: Over to you Brussels
The chances of “getting Brexit done” reasonably quickly and smoothly have never been better.
Conservative Majority Brings Some Certainty To The UK – For Now
Allianz GI / Victory for Prime Minister Boris Johnson’s Conservative party in the UK general election is likely to be welcomed by markets and potentially boosts prospects for the UK economy. It doesn’t, however, end the Brexit uncertainty overnight – and the UK continues to be vulnerable to a late-cycle global environment.
It’s Time for a New European Approach to Social Policy
Valerio Alfonso Bruno & Roberta Ferrara (Fair Observer) | The EU needs to regain control of the political debate around social welfare, which has been masterfully monopolized by European populist parties in the last decade.
European Green Deal: change will require considerable investments
The European Commission estimates that “meeting the current climate and energy objectives by 2030 will require an additional annual investment of € 260bn.” The requirement of stricter standards by 2030 and that there are no net emissions in 2050 will require the mobilization of the public and private sectors.
UK general election: voters say ‘get Brexit done’’?
David A. Meier (Julius Baer) | Prime Minister Johnson’s Conservative Party grabbed a commanding victory. An orderly Brexit based on the withdrawal agreement is highly likely on 31 January. Given plenty of looming uncertainties during the transition period, such as the final UK-EU trade relationship and Scottish appetite for independence, we stick to a Neutral short-term British pound outlook.
Lagarde announces broad “strategic review” of the ECB’s monetary policy, the first since 2003
Christine Lagarde gave her press conference as the head of the ECB yesterday. While alerting of the risks that the eurozone is facing, she promised to maintain both the official rates and the monetary stimuli of her predecessor Mario Draghi. However, the market’s focus was on the announcement of a broad “strategic review” of the ECB’s monetary policy, the first since 2003. This was interpreted as a possible change in the ECB targets, including inflation below 2%. Banks bounced with over + 3%.
UK election: Conservative majority is increasingly likely
If the Conservatives return to power with a large majority in the UK elections, UBP analysts anticipate the new government will engage in a large scale fiscal stimulus and UK assets will experience a relief rally.
What can we expect from the UK elections?
“If the conservatives of Boris Johnson obtained the majority in the Parliament, the agreement of exit of the prime minister would return to the agenda of the new House and probably it would be approved. The United Kingdom will then begin the transition period (which in principle extends until the end of 2020) during which the future relationship with the EU will be defined,” analysts at Degroof Petercam point out.