Earlier on
MoreLiver’s:
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
France and Germany stress Greece must stick to its commitments; FTD: German Finance Ministry running
working group looking at Greek euro exit
Morning
MarketBeat: Is a Correction Looming? – WSJ
Broker Note
Briefing – WSJ
Morning
Take-Out – NYT
AM Dear
Dairy: Home Stretch – Macro
and Cheese
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
Reference
Debt crisis:
live – The
Telegraph
The Euro
Crisis Blog – WSJ
FX Options
Analytics – Saxo
Bank
European
10yr Yields and Spreads – MTS indices
EUROPE
The question of the compatibility of the German
constitution (officially known as the Basic Law), with further European
integration is at the origin of current debates in Germany. The Federal
Constitutional Court (FCC) will decide in September on whether the European Stability
Mechanism (ESM) exceeds the limits of the Basic Law. Meanwhile, a debate on
holding a referendum in Germany on the future of the EU and new EU treaties emerges.
OTHER
QE from the Fed? Don't count on it as long as
markets are strong
– Saxo
Bank
As long as the financial markets are strong,
quantitative easing from the US Federal Reserve is
unlikely. The Fed is also likely to play a waiting game ahead of the November 6
U.S. presidential election.
CDS end-users, a bit like unicorns – alphaville
/ FT
Whenever we come across a really real example
of an actual client in the credit default swap market, it can be a little too
exciting. Especially if they actually talk!
Selling love and buying panic – alphaville
/ FT
BNP Paribas regularly compile a contrarian indicator called the “Love-Panic” index. They have one for Europe and one for the US.
BNP Paribas regularly compile a contrarian indicator called the “Love-Panic” index. They have one for Europe and one for the US.
CHINA
Most discussions on the economic and social
issues frame China’s problems as similar to other countries. They miss the point and
mislead. China’s economic problems originate from government intervention in the
market. Real reforms must involve changing the role of the government. Any
reform that doesn’t focus on this is bound to fail.
Triangular debt: an unknown that Chinese
government seems to worry about – ASA