There will be no Emmanuel or Donald at Davos this year, as they both have quite a busy agenda at home. Meanwhile, news are not so good for the Euro zone and Jerome Powell causes quite a stir…
Davos not very popular this year. US and French presidents Donald Trump and Emmanuel Macron have announced that they will not be attending the Davos Economic Forum, which will take place in Switzerland from January 22 to 27. Macron said it is due to a busy agenda, as he faces an ongoing crisis with the "Gilets jaunes" movement. Donald Trump said he would not travel to Davos this year due to the ongoing partial paralysis of the administration.
Because of the Democrats intransigence on Border Security and the great importance of Safety for our Nation, I am respectfully cancelling my very important trip to Davos, Switzerland for the World Economic Forum. My warmest regards and apologies to the @WEF!
Euro zone down. Slovakia's central bank governor Jozef Makuch said today that the "Euro zone growth is clearly slowing, indicators are trending down and optimism appears to be fading". He told the press that "some indicators, including soft indicators, are trending downwards". Meanwhile, Austrian policymaker Ewald Nowotny said the growth scenario outlined by the European Central Bank in December remains valid and a rate hike this year is still possible.
Powell worries markets again. A remark by Fed chaimran Jerome Powell on the Fed's balance sheet reduction negatively impacted US markets on Thursday. Speaking at an event at the Economic Club of Washington, he reiterated that the Fed wants to have its balance sheet "return to a more normal level", without specifying what a normal level is. He said that the balance sheet has declined to about $4 trillion, but that before the 2008 crisis it was below $1 trillion.
WORLD CO., LTD. is a Japan-based holding company. The Company operates in four businesses through subsidiaries. The brand business is engaged in operating stores which sells ladies, gentlemen and children's apparel and fashion accessories. The investment business aims to optimize the entire business portfolio of the group by directly investing and selling off from the group directly and using the fund indirectly. The digital business proposes and executes digital solutions such as EC mall business specialized in fashion, other company's EC business, business consignment of information and logistics system. The platform business provides support for space creation through production and procurement of clothing items and clothing accessories, trade and furniture manufacturing and sales.
WORLD CO., LTD. 
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