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Friday, July 13

13th Jul - US Open: Silence!


Not much for now, I’ll post a “Best of the Week” soon. Markets have been very quiet, but I would not be surprised if the S&P suddenly decides to go up for no other reason than "better be long for the weekend". For more see today’s earlier EU Open: Same old, same old... and US Close: Finnish line from last night. Enjoy the silence while it lasts.

News & Recap – RanSquawk / ZH
Frontrunning – ZH
Overnight Summary – BofA / ZH
The Lunch Wrap – FT
EM New York headlines – FT
Today’s front pages – presseurop
Daily press summary – Open Europe

Morning MarketBeat: Stock Pickers Improve. Will It Last? – WSJ
Broker Note Briefing – WSJ
Morning Take-Out – NYT
FX Update and Adjusting to Zero Deposit Rate – Marc to Market
– TF Market Advisors
AM Dear Dairy: Bounce – Macro and Cheese

Pre-market Commentary – Marketwatch
Pre-Market Trading – CNNMoney
Pre-Market – NASDAQ
US Equity Preview – Bloomberg
Earnings & Events – The Street
MarketCurrents – Seeking Alpha

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

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EURO CRISIS
France Has No Problem With Sovereignty in Euro Crisis Response – BB
France is ready to cede sovereignty to its European partners if it helps create greater willingness to share the financial burden of a common currency, European Affairs Minister Bernard Cazeneuve said.

Step-By-Step: How To Fix Europe – Mark Grant / ZH
1. Europe has to stop lying and start telling the truth in the first instance.

Nama and El Nama – alphaville / FT
How far will Spain’s bad bank be like Ireland’s?

Concessional in Spain – alphaville / FT
Lend at low rates, for a long term. It’s one way Spain’s official creditors could believably renounce seniority in the bailout.

Swiss 2Y Rates Plunge To -43bps As All Trust Is Lost – ZH

OTHER
Sentiment Update For All Assets – The Short Side of the Long
Equity sentiment shows majority are not bearish enough yet - Barron's asks which bond fund is the best for you? - Dollar sentiment is extremely optimistic... once again - Very large fund outflow leave commodity markets in May

The most important charts in the world – BI
we reached out to some of the world's most influential analysts, economists, hedge-funders and traders and asked them a simple question: what charts are you always keeping your eye on?

Q2 2012 earnings season: So it begins; ready for disappointment? – Saxo Bank

Weekly Credit Update – Danske Bank (pdf)