28th Sep - EU Open

Strafor video: Spain’s Troubles Threaten Eurozone

Previously on MoreLiver’s

27.9. US Close: Alzheimer's Ahoy!

27.9. Credit Guest: The World of Yesterday

27.9. US Open: Spanish Budget

27.9. EU Open: Spanish Light

26.9. US Close

Roundups

News roundup – Between The Hedges

The 6am Cut London – alphaville / FT

Emerging Markets Headlines – beyondbrics / FT

Reference

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

MORNING BRIEFINGS

Morning Briefing (Asia): Dow Moves Higher Despite Weak US Data – BNY Mellon

Will the Euro-area authorities try to tackle the Greek and Spanish crises at the same time?

Asia Today: Spain's budget/reform plans give EUR a temp boost – Saxo Bank

A heavy Japan-centric data slate was overshadowed by Spain’s earlier draft budget with market sentiment encouraged by stronger commitments on spending cuts/tax revenues. EURUSD broke above an eight-day downtrend channel during today's Asian session

Market Preview: Eyes on EU CPI – Saxo Bank 
European markets are expected to open higher Friday amid optimism after the Spanish government unveiled plans for economic reforms. Markets are keeping a close eye on Eurozone CPI data due later today.

Danske Daily – Danske Bank (pdf)

Stocks and EUR/USD higher after Spanish budget * Asian stocks lifted by Chinese stimulus speculation * Japanese PMI rises slightly while industrial production disappoints * Greek coalition strikes deal on austerity plan * Focus continues to be on Spain as Oliver Wyman releases its report on Spanish banks

Aamukatsaus – Nordea (pdf)

Espanjan budjetissa paino menoleikkauksissa * Euroalueen talousnäkymät yhä synkemmät * EURUSD nousuun ja Espanjan korot laskuun budjettiesityksen myötä

Aamukatsaus – Tapiola (pdf)

Osake- ja hyödykemarkkina kääntyi eilen nousuun, kun Espanjan budjettileikkausten odotetaan riittävän tukitoimien saamiseksi ilman ylimääräisiä ehtoja. Markkinat ohittivat eilen heikon makrodatan olankohautuksella. Osakefutuurit nyt aamulla plussalla indikoiden nousuavausta. Hyviä osakkeita + aliperformoineet: Olvi, Metso, Fortum, Sanoma, Kesko.Heikkoja osakkeita + yliperformoineet:  Outokumpu, Ahlström, Neste Oil, Fiskars

 

Morning Briefing (EU/US): Friday on my mind – BNY Mellon
It’s the end of the month and time to update our risk event calendar. 

Markkinakalenteri – Nordnet

Markkinakalenteri – Taloussanomat

EUROPE

EUR convertibility premium: confidence trumps everything – Nordea

Spanish budget only a small step in the right direction – Nordea

Greece, Tell Brussels “To Take A Hike” And Let The Troika Bail Out The ECB Instead – Testosterone Pit

USA
Why The Wealth Effect Won't Support The US 'Recovery' – ZH

Morgan Stanley’s research note.

ASIA

How to prop up the Chinese stock market – ASA