8/15/2019 ING Global Summary

1/19

prophet the financial markets daily char

Global summary&' (anuar+ ,--.&' (anuar+ ,--.

Global Economics -Strategy 4eam

today's key snapshots/all times GMT9

US6 National HolidayMartin Luther Kin< Da+ING@nAa cons@nAa Crev@nAa

EU:;6

8/15/2019 ING Global Summary

2/19

roChet &' (anuar+ ,--.

Developed Markets / GlobalUS

Shopping not stoppingYespite some much warmer than usual weather in YecemberD retail sales were not as bad as they could have been.

S retail sales for December aCCeared to come in stron

8/15/2019 ING Global Summary

3/19

roChet &' (anuar+ ,--.

Italy

An agreement de faade , but little consensus yet on market friendly reforms4he much awaited reform_ridden phase P of government action is yet to take offD as the much hyped government

meeting could only yield an easy compromise on riskless political issues.

Faced to a steeC decline in consensus and Cressured from the reformVCrone moderates of his coalition M rodi called ameetin< of his ministers and of the coalition CartiesH leaders Rhich Ras held late last ReeJ The declared aim of the meetin