I was quite proud of the short notes I wrote for yesterday's US close and European open briefs. Do yourself a favor and take a look - or I'll eat your lunch.
Previously on MoreLiver's:
Thursday
Watch – Between
The Hedges
The 6am Cut
London – alphaville
/ FT
Emerging
Markets Headlines – beyondbrics
/ FT
Debt
crisis: live – The
Telegraph
The Euro
Crisis Blog – WSJ
FX Options
Analytics – Saxo
Bank
European
10yr Yields and Spreads – MTS indices
Market Preview: Focus on US jobless claims – Saxo Bank
European markets are expected to open firmer
Thursday ahead of German lawmaker's vote today on the Spanish bailout fund.
Markets are also keeping an eye on the US initial jobless
claims and Spanish bond auctions scheduled today.
Danske Daily – Danske
Bank (pdf)
Risk sentiment improved yesterday after some
well-received US corporate earnings and strong numbers from US housing starts which
increased 6.9% in June – the fastest rate in almost four years… Focus today
will be on data releases from the US…Friday’s Eurogroup meeting.
Today, Germany and Finland will take centre stage
Current conditions might provide a surprisingly benign environment for policy reform in China
EURO CRISIS
EMU 2.0 and the German Problem – EconoMonitor
There Is No 'Euro Crisis' – Opinion
/ WSJ
Politicians created an artificial link between
national budget problems and the functioning of the single currency.
It is now official: The Eurozone’s monetary
transmission system is broken – Yanis
Varoufakis
In summary, borrowing costs in the Eurozone
have lost their two anchors: the inter-bank lending rate (courtesy of the sad
reality that the banks no longer lend one another) and the overnight ECB
interest rate (which banks ignore when lending)…This is what a monetary union
on the verge of collapse looks like.
IMF Warns of ‘Sizable Risk’ of Deflation in
Euro Zone – NYT