Here are the morning briefings. Spain’s budget is presented to the parliament today, and below are some thoughts on what to watch. Next up will be the US open update.
News roundup – Between The Hedges
News roundup – The Trader
The 6am Cut London – alphaville / FT
Daily – Danske Bank (pdf)
Rebound in ISM triggers change in sentiment that pushes US equities higher. Reserve Bank of Australia keeps its leading interest rate unchanged. Focus today will be on FOMC minutes, US factory orders and vehicle sales
Morning Briefing – BNYMellon
Without a pan-Euro-zone pick up in activity, then many states will have to review their deficit projections – a prospect that, in all probability, already lies before Spain given Friday’s budget mismatch between deficit projection and growth outlook, and there are those who also believe the same of Italy
Without a pan-Euro-zone pick up in activity, then many states will have to review their deficit projections – a prospect that, in all probability, already lies before Spain given Friday’s budget mismatch between deficit projection and growth outlook, and there are those who also believe the same of Italy
Market Preview – Saxo Bank
European markets are expected to open firmer, tracking strong gains on Wall Street overnight on back of solid manufacturing data from the U.S. Investors keenly await the Eurozone GDP and U.S. February factory orders data due later today.
Debt crisis: live – The Telegraph
Europe Crisis Tracker – WSJ
FX Options Analytics – Saxo Bank
Budget presented to parliament on Tuesday. Relevant issues: 1) is it credible? 2) will the denominator of the deficit/GDP fall faster than Spain can reduce the numerator? 3) can the deficits of the autonomous regions be brought under control?