Today's Eurogroup meeting and possible monetary policy hints from the Fed officials are the main events of this week. Below are the morning regulars plus couple of others. Please check what I posted during the weekend: I mostly save what is "not needed right now"-articles for these weekend posts.
Earlier on MoreLiver’s:
Sell-Side Research (GS, Citi, CS...)
Weekender: Trading & Markets (incl. my views)
Weekender: Weekly Support (just updated)
News roundup – Between The Hedges
The 6am Cut London – alphaville / FT
Emerging Markets Headlines – beyondbrics / FT
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
Market Preview: Eurozone fin. min. meeting eyed – Saxo Bank
European markets are likely to open higher Monday, ahead of the Euro-area finance ministers meeting scheduled for today. Additionally, more-than-expected easing in Chinese consumer price inflation led to speculation of further monetary easing.
Danske Daily – Danske Bank (pdf)
Market sentiment remains negative this morning on the back of the disappointing US labour market report on Friday. Comments from EU officials on Friday created further doubt about the agreement reached at the EU Summit on 29 June. All eyes will today be on the Euro Group finance minister meeting in Brussels.
Morning Briefing: Paint It Black – BNY Mellon
The market impact of the latest EU summit to "save the EUR" has been temporary at best.
Big banks: From Greek bailout to Hamlet's castle – euobserver
A lobby group for the world's biggest banks, the International Institute of Finance became a key EU player when it negotiated the debt cut accompanying Greece's second bailout. Their world of rented castles and sopranos shows the losses were bearable.
In support of a European banking union, done properly: A manifesto by economists in Germany, Austria and Switzerland – voxeu.org
The EU Summit decision on banking union is being questioned by some economists in Germany. This column argues that a banking union is a critical step in ending the EZ crisis and building a more stable EZ financial architecture. It is a translation by Michael Burda of the German-language manifesto drafted by the First Signatories listed below and signed by over 100 economists.
German president tells Angela Merkel to come clean on EU debt deal – The Telegraph
Joachim Gauck, the German president, has ordered Chancellor Angela Merkel to clarify exactly what she agreed behind closed doors at the EU crisis summit ten days ago.
Things That Make You Go Hmmm – Grant Williams / ZH
Another excellent 28-page magazine-like roundup and commentary. Better than “The Economist”.
Employment Report Not Helpful – Tim Duy’s Fed
Yes, I see clear reason for Fed action given Fed forecasts, the evolution, and the Fedspeak of supposedly key members. But I have seen this for months, and the Fed has consistently failed to meet expectations. With the employment report failing to provide a conclusive policy direction, it is increasingly likely the next meeting is another nailbiter.
The curse of advanced economies in resolving banking crises – voxeu.org
Do advanced economies have an edge in resolving financial crises? This column shows that the record thus far supports the opposite view, with the average crisis lasting about twice as long as in developing and emerging market economies. It argues that macroeconomic stabilisation policies in advanced countries often delay the necessary financial restructuring.