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Friday, October 12

12th Oct - US Open

Previously on MoreLiver’s

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

Morning MarketBeat: Traders Betting Against Earnings – WSJ
Broker Note Briefing – WSJ
The T Report: Gangnam Style and Who the U.S. Isn’t – 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

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

Baltics: Euro-adoption still a goalNordea (pdf)
Our baseline scenario is that Latvia will join the euro area in 2014, although risks for later euro-adoption remain. Lithuania we see adopting the euro in 2015 at the earliest.

Debt Crisis Gives European Separatists a BoostSpiegel
The debt crisis is fueling the fortunes of separatists in a handful of European Union countries. Affluent regions in Spain, Britain, Belgium and Italy no longer feel a sense of solidarity with poorer parts of their own countries -- but they want to remain part of the EU.

Portugal, maybe on the mendalphaville / FT

Greece and Germany: Angela’s AthensThe Economist
Germany’s chancellor makes a trip to signal her country’s goodwill. Greeks bearing grudges AS a stiff Aegean breeze fluttered the hair and lapels of Angela Merkel’s pale-green jacket, one Greek reporter thought the outfit looked familiar.

No more GrexitThe Economist
Europe’s charge-sheet against Antonis Samaras has lengthened with each turn of the Greek crisis. As leader of the-then opposition New Democracy, his refusal to support the first bail-out was seen as crippling.

German Chancellor to Athens 'We Are Partners and We Are Friends'Spiegel
In her first visit to Greece since 2007, Angela Merkel offered verbal support for Athens, saying "there is progress every day." The German chancellor also announced two Berlin-funded development projects focusing on health care and regional administration. She was greeted by some 50,000 demonstrators in Athens protesting her tough demands for economic reforms.

The True Face of the German-Greek PartnershipSpiegel
Chancellor Angela Merkel expressed solidarity and friendship with Greece during her Tuesday visit in Athens with Prime Minister Antonis Samaras. On the streets outside, however, protests revealed the strain Greek society is under. The chancellor's visit will do little to improve the situation.

Top German Economists Say Greece Is LostSpiegel
Several top German economic institutes on Thursday warned that German growth is slowing as the country continues to be hampered by the ongoing euro-zone debt crisis. And Greece, they say, will be unable to "free itself from its debt burden" and will need another haircut.

Hold the Press: The IMF Changes SidesMarc to Market
A significant event has taken place this week.  It will alter the balance of power between creditors and debtors and help shape the contours of the ongoing policy response to the end of historic credit cycle.  The IMF has not only delivered a mea culpa of sorts, but urges its members to do so too.  

IMF Demands Swift Banking Union in EuropeSpiegel
The International Monetary Fund is losing patience with European politicians. Officials at the Washington-based institution are calling on the EU to present a clear plan for its banking union. Europe's debt and euro crisis, the IMF warns, remains a persistent threat to the global economy.

Schaeuble rebukes IMF boss on eurozone debteuobserver
IMF boss Lagarde and German finance minister Schaeuble went on a collision course on Thursday on the subject of eurozone debt and deficits.

The IMF’s annual meetings: Time for a rethinkThe Economist
The fund ponders fiscal consolidation

Global Week Ahead: EU Heads of State still mostly talkingNordea (pdf)
This week’s key event will be the EU Summit Thursday and Friday although it may not necessarily provide the news about Greece and Spain that the financial markets are waiting for. We believe markets are expecting little or no positive news from the Summit and that risks are skewed towards positive surprises, if any. Our view on the most important key figures is broadly neutral with a slight positive bias on Chinese GDP and the minutes from BoE.

Weekly Credit Update Danske Bank (pdf)

S&P500 Q3 earnings
Dour tone, despite positive EPS surprise – Saxo Bank
Next week offers consumer, industrial giants – Saxo Bank
The Forecasting Folly Of Equity Valuations And Earnings Growth – ZH

Ruotsia odotellessaPääkirjoitus / IL
Tukholma palaa näyttävästi Suomen ulko- ja europolitiikan kartalle.

Kreikka pelailee, Portugali tekeePääkirjoitukset / HS

Irtisanomisvaroitukset kovassa kasvussa Ruotsissaeuroetana

Palkkasumma kasvussa elokuussa, teollisuus hyytyyeuroetana

NGDP-trenditavoitteesta ja rahapolitiikasta – mainio kalvosatsi ja verratkaapa europolitiikkaan - tyhmyri

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