Macro Briefing: 6 February 2019

Trump’s State of the Union speech was wide-ranging: Politico
In speech to Congress, Trump vows to build border wall: Reuters
Trump will meet N. Korea’s Kim later this month in Vietnam: ABC
German factory orders fell again in Dec, fanning recession fear: Bloomberg
It’s a bull market for purchases of gold by central banks: NY Times
US ISM Non-Mfg Index: softer but still moderate growth prevailed in Jan: BB
“Solid output expansion” in Jan for US private sector via Composite PMI: IHS Markit
Eurozone PMI: growth weakened for 5th straight month in Jan: IHS Markit
PMI survey: Global growth continued to slow January: IHS Markit