Here are
the week in review and next week previewed-links.
LAST WEEK
Week in Review – Global Macro
MonitorWeekly Eurozone Watch – Global Macro Monitor
US market portrait 2012 week 26 – Portfolio Probe
Summary for
Week Ending June 22nd – Calculated Risk
In a reversal of fortune, the only recent good news has been from the housing sector...The Fed met last week, and decided to “continue through the end of the
year its program to extend the average maturity of its holdings of
securities” (aka Operation Twist). The bigger story was the sharp
downward revision in the FOMC projections
The
Weekender – beyondbrics / FT
Succinct summation of week’s events – The
Big Picture
Weekly Bull/Bear Recap – Rational
Capitalist Speculator
Weekender – alphaville
/ FT
Politics this week – The Economist
Business this week – The Economist
NEXT WEEK
Schedule
for Week of June 24th – Calculated Risk
The key US economic reports this week are May New Home Sales on Monday,
April Case-Shiller house prices on Tuesday, and the May Personal Income
and Outlays report on Friday. With the recent economic weakness, the high frequency manufacturing
reports (Richmond, Dallas and Kansas City Fed surveys), the Chicago PMI,
weekly initial unemployment claims, and consumer sentiment will be
closely watched. In Europe, there is a summit in Brussels on Thursday and Friday.
Weekender: Deep economic collapses are
dangerous – Kiron
Sarkar / The Big Picture
Global Week
Ahead – BB (mp3)
Next Week’s Tape: Hanging On For Another EU
Summit – MarketBeat
/ WSJ
S&P 500 Earnings Week Ahead – Reuters
Weighing
the Week Ahead – A Dash of Insight
Global Business Activity Contracting – The
Short Side of Long
No confirmation for further highs in a
bull market. Corporate credit spreads continue to widen
Wall St Week Ahead – Reuters
Wall Street navigated some potent obstacles
this week, like Greece's elections and the Federal Reserve's slashing its U.S.
economic growth forecasts, but the drama is not over.
Global Market Week Ahead – Reuters
Fear and hope divide investors ahead of EU
Summit
Weekly Credit Update – Danske
Bank (pdf)
Subdued effect from the positive outcome in Greece. Comforting report
from Fitch on Nordic banks. Primary market activity remained high
Weekly Focus: Time for another important EU
summit – Danske
Bank (pdf)
In the US it is time for core
PCE, durable goods orders and finally consumer confidence. However, keep an eye
on the Fed speeches next week. In the euro area, focus is set to be on the EU
Summit on 28-29 June. The main issues are to agree on a plan to create a fiscal
union and banking union and discussions on whether the EFSF should start buying
bonds in the secondary markets.
Government bond auctions – Saxo
Bank
EMEA Weekly - Week 26 – Danske
Bank (pdf)
Undoubtedly, the most interesting event next
week will be the interest rate decision
in the Czech Republic.
Highlights from Monday’s FTfm – alphaville
/ FT
Another 'make-or-break' EU summit next week
Emerging:
Week Ahead – beyond brics / Financial Times
CALENDARS
Economic
Calendar – fxstreet.com
Monthly
Economic Calendar – fxstreet.com
Debt
crisis: live – The
Telegraph
Europe Crisis Tracker – WSJ
FX Options
Analytics – Saxo
Bank