Macro Briefing: 7 February 2019

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