Google Analytics

Tuesday, October 2

2nd Oct - EU Open

Previously on MoreLiver’s

Follow ‘MoreLiver’ on Twitter or Facebook 

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

Morning Briefing (Asia): Dow Closes Higher Lifting EUR/USDBNY Mellon
The UK’s growth is key to deficit reduction which underpins the country’s prized AAA rating

Asia Today: – Saxo Bank

Market Preview: Eyes on EU Producer Prices dataSaxo Bank
European markets are expected to open lower Tuesday. Reports suggest that Spain might be inching closer to a bailout. Meanwhile, investors are keeping an eye on Eurozone PPI and ISM New York Business Conditions Index data due later today.

Danske DailyDanske Bank (pdf)
US ISM beats expectations, rising to 51.5 in September. Bernanke pledges to sustain stimulus even after the economy improves. Reserve Bank of Australia cuts interest rates by 25bp to 3.25%... There might be some attention on Spain where the regional heads of government are scheduled to meet in Madrid at 13:00 CET to discuss the current economic situation.

Aamukatsaus Nordea (pdf)
Teollisuuden luottamus yllätti iloisesti USA:ssa * Kreikan budjetti muotoutuu * Pirteästä ISM-indeksistä hetkellistä nostetta USA:n ja Saksan korkoihin

Aamukatsaus Tapiola (pdf)
USA:sta positiivinen makroyllätys, kun teollisuuden luottamus vahvistui selvästi odotuksia enemmän. Euroalueen PMI’t odotusten mukaiset. Uusia yrityslainoja laskettu liikkeelle viimeviikkoina. Esim. StoraEnson 2018 joukkovelkakirjan tuotto 5%. Espanjan valtio saattaa hakea tukea EU-veronmaksajilta ensi viikonloppuna. Osakefutuurit nyt aamulla miinuksella, indikoiden laskuavausta.

Morning Briefing (EU/US): Hard TimesBNY Mellon 
There are no easy short-term solutions to the Euro-area’s problems; but faith in the EU’s current approach is hard to find


FT column: Blame the great men for Europe’s crisisThe World / FT

The Roots of the Euro Crisis Lie at the Doorsteps of the ECBEconoMonitor
The Eurosystem monetary policy strategy, instruments, and procedures have contributed to an unprecedented intra-Eurozone external debt crisis and presently result in large “stealth” transfers from the GNLF to the GIIPS, among other fiscal effects.