2nd May - Morning Briefings

Here are the regular morning briefings plus a ECB preview by Danske. You can get update notifications by following ‘MoreLiver’ on Twitter or Facebook. Contact me with any questions or suggestions.

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

Danske Daily – Danske Bank (pdf)

ISM index surprises on the upside rising to 54.8 in April. US stocks rally and the Dow Jones is now at a four-year high. Three Fed members see no need to ease further as economy grows

Morning Briefing: The RBA has further undermined the AUD’s foundations – BNYMellon

Irrespective of yesterday’s pick-up in China’s official PMI, we believe that the risks remain skewed towards the lower end of growth expectations for Australia’s principal trading partner given the problems in bringing a red-hot property sector down to earth without a serious bump

Market Preview: PMIs across Eurozone eyed – Saxo Bank

European markets are likely to open mostly higher Wednesday following a rise in the Chinese HSBC manufacturing PMI for April. Additionally, investors also await manufacturing PMI data across the Eurozone today.

TV: Bloomberg, CNBC, BBC

Debt crisis: live – The Telegraph

Europe Crisis Tracker – WSJ

Tracking Europe’s Debt Crisis – NYT

FX Options Analytics – Saxo Bank

ECB preview: Mixed growth signals not enough to trigger rate cut – Danske Bank (pdf)

Recent economic data is mixed, but not so weak that it will trigger a rate cut, in our view. The ECB remains in “wait-and-see” mode as it assesses the impact of the two 3Y LTROs. We expect the ECB to keep rates unchanged until early mid-2014.