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Friday, October 26

26th Oct - EU Open

My previous post had plenty of article links and my own thoughts. ‘Best of’ coming soon.

Previously on MoreLiver’s:

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News roundup – Between The Hedges
The 6am Cut London – alphaville / FT
Emerging Markets Headlines – beyondbrics / FT

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
Economic Calendar – Forexpros

3 Numbers to Watch: DE confidence, US Q3 GDP & Michigan surveySaxo Bank
The US will release its Q3 estimate for GDP with analysts forecasting a modest recovery. Germany's consumer confidence survey is likely to hold steady, while the University of Michigan final October survey is seen little changed from mid-month.

Asia Today: Japan CPI data shows BOJ still has work to doSaxo Bank
A number of Asian centres were closed for holidays today so market activity was decidedly muted. Japan’s CPI data for Sep. continued to show that the BOJ is still not making much headway in achieving its 1.0 percent medium-term inflation target.

Market Preview: US GDP on tapSaxo Bank
European markets are expected to open lower Friday following disappointing quarterly results from Apple and Meanwhile, markets await US GDP data which is likely to show an improvement in the third quarter of 2012.

Danske DailyDanske Bank (pdf)
Key news: Standard and Poor’s downgrades BNP Paribas one notch. South Korea’s third quarter GDP growth disappoints as global slowdown hits exports. Speculations about more stimulus from Bank of Japan pushes USD/JPY up. Market movers today: US GDP, University of Michigan confidence

AamukatsausNordea (pdf)
Kreikan velkauran kestämättömyys huolenaihe * Brittitaloudesta positiivinen yllätys * Kiihtynyt arvuuttelu BoJ:n lisäelvytyksestä painoivat jeniä

AamukatsausTapiola (pdf)
Markkinan suunta: Applen odotuksia heikompi raportti painaa tänään tunnelmia osakemarkkinoilla. Osakefutuurit nyt miinuksella, indikoiden laskuavausta pörssiin. 3Q12-tuloksia aamulla: Hyvät tulokset: Finnair, Digia (huono ohjeistus), Technopolis, Uponor. Neutraalit tulokset: Pöyry. Heikot tulokset: Exel Composites, Martela, Olvi, Oral Hammaslääkärit. 

Morning Briefing (EU/US): Between a rock and a hard placeBNY Mellon 
An update on the Greek / Troika negotiations 


Presidential Election Preview 1: Timeline And Fiscal Cliff FlowchartZH
GS: The key dates and likely paths to resolution of the "fiscal cliff"

Presidential Election Preview 2: Where They Stand And Why It MattersZH
GS: Legislative inaction now a greater risk than legislative action * The fiscal stakes are higher than they have been in decades * Monetary policy in (political) focus

Presidential Election Preview 3: Swing States And The HorseraceZH
Goldman finds that a divided government has on average produced considerably tighter fiscal policy - not a good sign.

GDP Estimates Move Lower Following Durables ReportReal Time Economics / WSJ
China’s next Politburo: runners and ridersbeyondbrics / FT
Next month, China is set to unveil the new membership of its highest governing body, the Politburo standing committee.

Japan’s Three Options in the East China SeaThe Diplomat
Do nothing, Seek a compromise, Go on the offensive
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