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: 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
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.
EURO CRISIS
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.
OTHER
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.