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Wednesday, May 23

23rd May - EU Open: Morning Briefings

Just the morning briefs and some extras on today’s European summit. For more on Eurobonds and article links, see yesterday’s  US Close: Combing  and US Open: Another Summit Eve. Follow ‘MoreLiver’ on Twitter or Facebook.  

News roundup – Between The Hedges
News roundup – The Trader
Emerging London Headlines – beyondbrics / FT
The 6am Cut London – alphaville / FT
Press digests by Reuters: FT, WSJ, NYT

Debt crisis: live – The Telegraph
The Euro Crisis Blog – WSJ
Tracking Europe’s Debt Crisis – NYT
FX Options Analytics – Saxo Bank
European 10yr Yields and Spreads – MTS indices

Danske DailyDanskeBank(pdf)
BoJ keeps monetary policy unchanged. Rising concerns about Greece leaving the euro once again weigh on sentiment as former Greek President Papademos said  that “Greece is considering preparations to leave the euro”. Germany to launch 2-year bond today with zero coupon. 

Market Preview: Focus on EU summit Saxo Bank
European markets are expected to open lower Wednesday amid concerns of a Greek exit from the Eurozone and ahead of the EU summit later today. Reports the World Bank has cut its growth forecast for China this year is also weighing on markets.

Today's summit (see yesterday's posts for more)
Hollande set for EU summit showdown with MerkelReuters
European leaders will explore ways of breathing life into their stricken economies at a summit on Wednesday, but the issue of euro-zone bonds and whether they can help alleviate two years of debt turmoil will dominate the meeting.

Germany, France draw battle lines over common bondsReuters
Germany dismissed a French-led call for euro zone governments to issue common bonds, a day before a European Union summit which investors are looking to for new measures to counter the bloc's debt crisis.