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Macro Briefing: 7 February 2019

Summary:
House intelligence chair annouces probe into Trump’s finances, Russia links: CNNGerman industrial output continues to fall: ReutersEuropean Commission predicts Germany avoided recession in Q4: BloombergEuropean Commission’s VP: Italy’s fragile economy is a risk: CNBCMfg productivity in US rose 1.3% in Q4, up from 1.1% in previous quarter: MWUS trade deficit narrowed by more than expected in Nov: CNBCUS mortgage applications fell again last week, slipping to 10-mo low: ReutersInitial US Q4 GDP report re-scheduled for release on Feb 28: BEAGDPNow estimate of US Q4 GDP growth ticks up to +2.7%: Atlanta Fed

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House intelligence chair annouces probe into Trump’s finances, Russia links: CNN
German industrial output continues to fall: Reuters
European Commission predicts Germany avoided recession in Q4: Bloomberg
European Commission’s VP: Italy’s fragile economy is a risk: CNBC
Mfg productivity in US rose 1.3% in Q4, up from 1.1% in previous quarter: MW
US trade deficit narrowed by more than expected in Nov: CNBC
US mortgage applications fell again last week, slipping to 10-mo low: Reuters
Initial US Q4 GDP report re-scheduled for release on Feb 28: BEA
GDPNow estimate of US Q4 GDP growth ticks up to +2.7%: Atlanta Fed

Macro Briefing: 7 February 2019

James Picerno
James Picerno is a financial journalist who has been writing about finance and investment theory for more than twenty years. He writes for trade magazines read by financial professionals and financial advisers. Over the years, he’s written for the Wall Street Journal, Barron’s, Bloomberg Markets, Mutual Funds, Modern Maturity, Investment Advisor, Reuters, and his popular finance blog, The CapitalSpectator.

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