26th Oct - EU Open

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

Previously on MoreLiver’s:

25-Oct US Close: Yen and Yawn

25-Oct US Open: Mixed Europe

25-Oct EU Open

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Roundups

News roundup – Between The Hedges

The 6am Cut London – alphaville / FT

Emerging Markets Headlines – beyondbrics / FT

Reference

TV: Bloomberg, CNBC, 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

Economic Calendar – Forexpros

MORNING BRIEFINGS

3 Numbers to Watch: DE confidence, US Q3 GDP & Michigan survey – Saxo 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 do – Saxo 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 tap – Saxo Bank

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

Danske Daily – Danske 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

Aamukatsaus – Nordea (pdf)

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

Aamukatsaus – Tapiola (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 place – BNY Mellon 

An update on the Greek / Troika negotiations 

Markkinakalenteri – Nordnet

Markkinakalenteri – Taloussanomat

 

USA

Presidential Election Preview 1: Timeline And Fiscal Cliff Flowchart – ZH

GS: The key dates and likely paths to resolution of the "fiscal cliff"

Presidential Election Preview 2: Where They Stand And Why It Matters – ZH

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 Horserace – ZH
Goldman finds that a divided government has on average produced considerably tighter fiscal policy - not a good sign.

GDP Estimates Move Lower Following Durables Report – Real Time Economics / WSJ
 

ASIA

China’s next Politburo: runners and riders – beyondbrics / 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 Sea – The Diplomat

Do nothing, Seek a compromise, Go on the offensive

 

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