The Day Today 27 Jan 2017

* ECB Villeroy: “we clearly did not discuss tapering”

* PM May: “we – our two countries together – have a responsibility to lead. Because when others step up as we step back, it is bad for America, for Britain and the world”

* Trump considering 20pc border tax

* Dutch Justice Minister resigns, unhelpful ahead of March 15 election

* new SPD leader Schulz draws level with Merkel in latest poll

* IMF points out Germany might need inflation above ECB target for whole euro area to achieve that target

* new US Defense Sec stresses commitment to NATO to germany

* Japan govt to release new CPI measure as the old one eases out of deflation

* Intel and MSFT beat estimates, Google doesn’t

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