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Thursday, August 9

9th Aug - EU Open

Not much to report. I hope to punch in a post during the weekend outlining the coming "Great September of Europe".

Previously on MoreLiver’s:

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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

Market Preview: Eyes on ECB monthly reportSaxo Bank
European markets are likely to open higher Thursday amid speculation of further monetary easing in China after data showed that the nation's consumer price inflation slowed to 30-month low in July. Markets await the ECB monthly report due today.

Danske DailyDanske Bank (pdf)
US bond yields in five-week high after weak auction of 10-year Treasuries. US equities closed broadly flat while Asian stock markets trade higher this morning. Chinese CPI dropped to 1.8% y/y in July from 2.2% y/y. Bank of Japan keeps key interest rate and asset-purchase programme unchanged.

Morning Briefing: It ain’t easyBNY Mellon
GBP may soon face headwinds from a number of fronts

Aamukatsaus Nordea (pdf)
Kiinan inflaatio hidastuu – lisää elvytystä tulossa * BoE ennustaa inflaation hidastuvan * SEK ja NOK nousseet euroa vastaan vahvimmilleen sitten 2000-luvun alun

Aamukatsaus: Kiinan makrotilastot osoittavat kasvun hidastuvanTapiola (pdf)
Osakemarkkina eteni eilen varovaisesti, ilman uutisvirran ohjausta. Aamulla julkaistut tilastot kertovat Kiinan talouden hidastuvan edelleen odotuksia nopeammin. Matala inflaatio antaa kuitenkin tilaa merkittävälle elvytykselle. Osakefutuurit selvästi plussalla indikoiden nousuavausta. Aamun 2Q12 -tuloskommentit: Ahlstrom, Capman, Digia, Olvi, PKC Group ja Ramirent

Markkinakalenteri Nordnet

Greece Prints Euros To Stay Afloat, The ECB Approves, The Bundesbank Nods, No One Wants To Get Blamed For Kicking Greece OutTestosterone Pit

All About Europe The Big Picture
Excerpts and links to couple of recent European articles. Especially nice was PIMCO’s Bill Gross on FT: “Draghi and friends just want your money”.

The way forward Free exchange / The Economist
the recovery has been notable for the remarkable stability in both output and employment growth. There are short term fluctuations, but both have on average kept within a narrow, Fed-maintained band centred on a trend line with a Fed-approved slope. We'd all love to see the slope of those lines change. That simply will not occur without a change in the Fed's tolerance for inflation.

Retail sales growth slowed to 13.1% yoy in July 2012 – ASA
Industrial production grew by 9.2% in July 2012 – ASA
Fixed asset investment growth remains flat in July 2012 – ASA
Inflation fell to 1.8% yoy in July 2012 – ASA
Residential housing starts continued to fall – ASA

Korkman: Etelä-Euroopan ja Suomen olisi pitänyt jäädä pois eurosta – Talouselämä
Urpilainen: Eduskuntaa ei johdettu harhaan – Taloussanomat
Monti ymmärtää rahan päälle – eduskunta ei – Sami Miettinen / US Puheenvuoro
Saisivatko Suomi ja suomalaiset euroerosta miljardien pikavoiton? – Taloussanomat

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