2nd Oct - EU Open

Previously on MoreLiver’s

2.10 US Close 
1.10. US Open: Critical month for Europe

1.10. EU Open

Follow ‘MoreLiver’ on Twitter or Facebook 

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

MORNING BRIEFINGS

Morning Briefing (Asia): Dow Closes Higher Lifting EUR/USD – BNY 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 data – Saxo 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 Daily – Danske 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 Times – BNY 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

Markkinakalenteri – Nordnet

Markkinakalenteri – Taloussanomat

EUROPE

FT column: Blame the great men for Europe’s crisis – The World / FT

The Roots of the Euro Crisis Lie at the Doorsteps of the ECB – EconoMonitor

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.