Posting the
US open a bit early and will update this later.
Earlier on MoreLiver's:
US Open: Spain back to 7%
Frontrunning
– ZH
Overnight
Summary – BofA / ZH
The Lunch
Wrap – FT
Emerging
N.Y. headlines – FT
Today’s
front pages – presseurop
Daily press
summary – Open Europe
Morning
MarketBeat: Tech’s Rebound Poised to Continue – WSJ
Broker Note
Briefing – WSJ
Morning
Take-Out – NYT
Conceptualizing
Europe – Marc to Market
AM Dear
Dairy: Moving on up – Macro
and Cheese
Lazy and
Transitional (Both Me & the Market) – TF Market Advisors
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
FX Options Analytics
– Saxo
Bank
European
10yr Yields and Spreads – MTS indices
EURO CRISIS
Euro Area Imbalances are a Symptom of the
Broader Global Imbalances – EconoMonitor
The euro back on our radar, as we look at the
biggest potential casualty of them all - Italy - which this week saw its banks'
credit ratings cut yet again, and the Prime Minister Mario Monti declaring
Sicily effectively bankrupt. Plus, why bamboo could be the new miracle
cash-crop.
Austerity is unavoidable after a bout of
profligacy – voxeu.org
Daniel
Gros: Despite the EZ doom and gloom
discussion, the US and EZ are at roughly the same point in their recovery from the global
crisis. This column argues that the ‘austerity kills’ narrative of Krugman and
Layard misses the basic point. Public debt ratios without retrenchment would
become unsustainable. The fact that austerity is costly does not mean it should
not be undertaken.