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Tuesday, July 31

31st Jul - EU Open

Dull markets. Current range trading is making me seeing things: is ECB ready for a minor correction before the news? I added Tapiola Bank's morning report to my coverage.

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Previously on MoreLiver’s:
US Close: Are you cooking something?

Currently continuously updated specials:

News roundup – Between The Hedges
The 6am Cut London – alphaville / FT
Emerging Markets Headlines – beyondbrics / FT

TV: Bloomberg, BBC
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

Asia today: The calm before the storm? Fed might start first waveSaxo Bank
A relatively steady, tight-ranged overnight session led to a steady, tight-ranged Asian session for the EUR today. A New York Times article on the eve of Wednesday's FOMC meeting sparked discussion about 'pre-emptive' stimulus.

Market Preview: EU & German Unemployment Data eyedSaxo Bank
European markets are expected to open firmer Tuesday amid expectations of further monetary stimulus by the global central banks to revive growth. Market participants also await the Eurozone and German unemployment data scheduled later today.

Danske DailyDanske Bank (pdf)
Focus today: With mostly tier-2 data on the agenda markets are  likely  to stay sidelined ahead of the Fed meeting tomorrow and the ECB meeting on Thursday. German and euro unemployment and Euro Flash CPI  are set to be released before noon.

Morning Briefing: The decline to fallBNY Mellon
GBP may be complicating the UK government’s deficit reduction strategy

Aamukatsaus (Finnish)Nordea (pdf)
Talouselämän luottamus odotetusti pohjamudissa euroalueella -- Espanjasta odotetusti lamauutisia – Kreikan hallitus hakee lisäaikaa säästötoimille -- EUR/SEK uusiin vajaan 12 vuoden pohjiin

Aamukatsaus (Finnish)Tapiola (pdf)
Euroalueen talousluottamus laski eilen odotettua voimakkaammin. Euroalueelta saadut negatiiviset yllätykset eivät ole poikkeus, kun myös globaalitalous kehittynyt odotettua heikommin.