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Wednesday, May 2

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 DailyDanske 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 eyedSaxo 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.
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 cutDanske 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.