Google Analytics

Wednesday, August 22

22nd Aug - US Open

Perhaps there is room for one leg up in SPX, but that's it - if I am bullish on Spanish bond yields, implying weeks of European aversion to risk, there is very little room for more bullishness in the stock markets.

Previously on MoreLiver’s:

Follow ‘MoreLiver’ on Twitter or Facebook 

Roundups & Commentary
US Opening News And Market Re-Cap – Ransquawk / ZH
Frontrunning – ZH
The Lunch Wrap – alphaville / FT
Emerging N.Y. headlines – beyondbrics / FT
Today’s front pages – presseurop
Daily press summary – Open Europe

Morning MarketBeat: Curb Your Enthusiasm Ahead of Fed Minutes – WSJ
Broker Note Briefing – WSJ
Morning Take-Out – NYT
Overnight Summary – ZH
AM Dear Dairy: Pause – Macro and Cheese
– Marc to Market
Bad Bear Tells – TF Market Advisors

US session ahead
Pre-market Commentary – Marketwatch
Pre-Market Trading – CNNMoney
Pre-Market – NASDAQ
US Equity Preview – Bloomberg
Earnings & Events – The Street
MarketCurrents – Seeking Alpha

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

The World from Berlin 'The Real Problem Facing EU? It Is Not Trusted'Spiegel
The bad news just keeps coming for Greece. Now, it appears that the country will have to make even deeper cuts than anticipated to satisfy its international creditors. German commentators wonder when the downward spiral will come to an end.

Draghi does his best Macrobusiness

ECB will avoid explicit yield caps, says Goldman SachsASA

Spanish and Italian bond issuance, once the holiday is overalphaville / FT
Spain Deficit Goals at Risk as Cuts Consensus Fades: Euro CreditBB

Europe should choose whether it wants Greece in or outbruegel

The Greek Dilemma Three Thorny Paths to Saving the EuroSpiegel
Greece may soon face bankruptcy, but what would happen after that? If governments and central banks want to preserve the euro, they might have to take some very risky steps -- each with its own potential dangers. Europe has begun searching for the lesser of several evils.

Research Asia: Waiting for China to recoverDanske Bank (pdf)
Growth has slowed across Asia as exports to Europe and the US suffer and China’s growth has failed to recover. This is now forcing a more aggressive policy response with both fiscal and monetary policy being eased across Asia.

Local governments are still announcing massive investment plansASA

Steel and iron ore prices fall, steel mills defaulted on contractsASA

Näin Suomen kriisivakuudet haihtuvat jo ilmaanJan Hurri / TalSa

Kilpajuoksu alkaa taas: 8 viikkoa aikaa pelastaa euroTE

Arvio: Euron hajoaminen koituisi Saksalle kalliiksiTalSa

You need to register (free) to FT alphaville’s Long Room to access these files (link)

Global Economics Weekly – Barclays (pdf)
Economics Weekly – Bank of America (pdf)
European Weekly Economics Focus – UBS (pdf)

FX Weekly – Deutsche Bank (pdf)
FX Weekly – UBS (pdf)
Forex Weekly – Credit Suisse (pdf)
FX Weekly – Bank of America (pdf)

Commodities Weekly – Barclays (pdf)
Energy Weekly – Bank of America (pdf)
Commodities Weekly – Credit Suisse (pdf)
Commodity Weekly – Deutsche Bank (pdf)
Gold Watch – Credit Suisse (pdf)

European Equity Strategy – UBS (pdf)
US Equity Strategy – UBS (pdf)
European Strategy: Value in Periphery – Barclays (pdf)
US Equity Insight – Deutsche Bank (pdf)

Global Portfolio Manager’s Digest – Barclays (pdf)
US Portfolio Strategy – Barclays (pdf)
Global Weekly – Credit Suisse (pdf)
Quant Hedge Fund Holdings – Credit Suisse (pdf)
Weekly Insights – Credit Suisse (pdf)
On Swiss National Bank – Exane (pdf)
Quant Q3 – Credit Suisse (pdf)
Global Rates Commandeer – UBS (pdf)

Follow ‘MoreLiver’ on Twitter or Facebook