If it ain’t
broke, don’t fix it. If it is broken, Fixit. – MoreLiver
Before this post gets updated with the still missing links (only MoreLiver and Pokeri1 never sleep), take a look of what I posted during the weekend:
22.9. Disregard This Post (links to euro breakup analysis)
21.9. Weekender: Weekly Support (weekly reviews and previews)
Roundups
News
roundup – Between
The Hedges
The 6am Cut
London – alphaville
/ FT
Emerging
Markets Headlines – beyondbrics
/ FT
Reference
Debt
crisis: live – The
Telegraph
The Euro
Crisis Blog – WSJ
FX Options
Analytics – Saxo
Bank
European
10yr Yields and Spreads – MTS indices
We had a slow start to the week in Asia with currencies trading with a
slight risk-off feel to them while equity markets floundered small in the red.
Strained relationships between Japan and China appear to be one of
the drivers of the risk-off mood
Market Preview: Eyes on German Ifo confidence – Saxo
Bank
European markets are expected to open lower
Monday ahead of the German Ifo business sentiment index due later today which
is expected to hover near its lowest level in more than two years. Some
regional US manufacturing activity data is also on tap.
French PM Ayrault calls for Greece to be given more time
to reach austerity targets. Spain continues to be in focus, as pressure mounts
for the country to seek help. Risky assets suffered minor setback last week and
are also trading lower this morning.
Aamukatsaus – Nordea
(pdf)
Katseet tällä viikolla
Espanjassa – Saksan IFO-indeksissä luvassa pientä nousua? * Ranska: Kreikalle
lisää aikaa budjettileikkauksiin * Öljyn hinta viikkotasolla selvästi
pakkaselle huolimatta perjantain korjausliikkeestä
Aamukatsaus – Tapiola
(pdf)
Viikko alkaa heti
painavalla datalla, kun Saksan talouden tilaa seuraava ja ennakoiva IFO-indeksi
julkaistaan. Odotuksissa on kokonaisindeksin kääntyminen nousuun ensimmäisen
kerran sitten kevään. Markkinan suunta: Eurokriisi
eskaloituu edelleen: EVM:ää ehkä vivutetaan EUR 2000 mrd:iin ja Kreikka jäi
kiinni budjettivajeidensa valehtelusta troikalle. Viikko alkaa painavalla
datalla, kun aamupäivästä julkaistaan Saksan IFO-indeksi. Odotuksissa indeksin
kääntyminen nousuun ensimmäisen kerran viime kevään jälkeen. Osakefutuurit nyt
miinuksella indikoiden laskuavausta. Lyhyen ja pitkän ajan sijoittamisen
yhdistäminen: Hyviä ostokohteita nyt olisivat: Fortum, Metso, Sanoma. Hyviä
myytäviä osakkeita nyt: Outokumpu, Sampo, Pohjola, Pöyry, Finnair
Markkinakalenteri – Nordnet
Markkinakalenteri – Taloussanomat
EUROPE
In the Eurozone, the more things change the
more they stay the same: structural adjustments remain elusive – Sober
Look
Eurozone crisis has eliminated the periphery
trade deficit – Sober
Look
of course
it has – they are broke!
European Leaders Struggle to Overcome Fresh
Crisis Stalemate – BB
good update
on where we are now.
The case for euro deposit insurance – voxeu.org
Daniel
Gros, Dirk Schoenmaker: As the EZ takes
its first steps towards banking union, this column warns that such an approach
– with banking supervision first and resolution and deposit insurance postponed
to some undefined later stage – will lead to an unstable banking union. It adds
that a strong European supervisor and a credible European resolution and
deposit insurance authority should be introduced as part of the package.
Surprise,
surprise…
OTHER
The Global Trade Cycle Turns Lower – ZH
Charts from
Barclays show Europe leads the way down.
Weekly Chartopia – ZH
Picks from
Goldman’s weekly