Google Analytics

Tuesday, October 30

30th Oct - EU Open

Reporting seems slow because of the ‘Sandy’ in US. I'll update the missing ones if and when they are posted.

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
Economic Calendar – Forexpros

Morning Briefing (Asia): Oil ChangeBNY Mellon
Global demand notwithstanding, Oil’s slide post QEIII hints at a state of flux in the market

3 Numbers to Watch: DE Unemployment, US & EZ Consumer Confidence Saxo Bank
As tropical storm Sandy makes its way through the US East Coast, we run through our usual list of economic data. German unemployment is expected to edge higher, while US and Eurozone consumer confidence data are both set to make small gains. 

Asia Today: BOJ delivers ¥11 tln stimulus; JPY trades firmerSaxo Bank
The focus on Japan started early this morning with the release of jobless and industrial production data before we waited with bated breath for the BOJ announcement. It was a long wait.

Market Preview: Tap on EU sentiment indicesSaxo Bank
European markets are expected to open in the red Tuesday ahead of Eurozone sentiment indices, German unemployment and Spanish GDP data due later today.

Danske DailyDanske Bank (pdf)
Key news: US financial markets are closed today as hurricane Sandy hits the Atlantic coast * Bank of Japan is expected to deliver a new round of easing this morning * Focus today will be on Sandy’s damage and European data. Market movers today: Hurricane Sandy * ECB President Draghi speaks * Spain Q3 GDP * Euro area consumer confidence *German unemployment

AamukatsausNordea (pdf)
Japanin keskuspankki kevensi odotetusti rahapolitiikkaa * USA:n yksityisen kulutuksen kasvu jatkui vahvana * Jeni vahvistui BoJ:n päätöksen jälkeen 

AamukatsausTapiola (pdf)

Suomalaisista rakennussektorin yhtiöistä ensimmäisenä raportoi YIT tänään aamulla. Yhtiö raportoi hyvästä 3Q-tuloksesta ja piti koko vuoden ohjeistuksen ennallaan. Markkinan suunta: Osakemarkkinat valuivat eilen Euroopassa, myrsky pitää USA:n markkinat suljettuna edelleen. Osakefutuurit nyt plussalla, indikoiden nousuavausta pörssiin. 3Q12-tuloksia aamulla: Hyvät tulokset: Raute, YIT. Neutraalit tulokset: Marimekko. Heikot tulokset: Nokian Renkaat.

Morning Briefing (EU/US): An easier lifeBNY Mellon
Has the BOJ loosened policy of its own volition, or has it revealed susceptibility to government pressure?


Outright Monetary Transactions sterilised?
‘Sterilisation’ - where purchases of assets by a central bank are offset by withdrawals - may help the ECB to control inflation. This column discusses how the ECB’s current approach may be fraught with danger, however. In a world where sovereign default risk is perceived to be likely, the ECB’s only real hope is that its approach makes a Eurozone default impossible.

Juncker Calls Extra Finance Chief Talks as Greece Showdown LoomsBB
Euro-area finance chiefs are scheduled to talk three times in the next two weeks as the 17- nation bloc grapples over ways to fill Greece’s financing gap and ease concerns that it might have to exit from the euro.

Consumer spending growth back to pre-bubble trend; significant risks to the downside remainSober Look

Counterparties: The Sandy economyFelix Salmon / Reuters

85% of Atlantic City Flooded; New York Subway in Jeopardy; Markets Closed Again Tuesday; Hurricane Sandy Image from SpaceMish’s

Postcards From An Underwater New YorkZH

670,000 Without Power, ConEd Says Repairs Could Take A WeekZH

Sandy updatealphaville / FT

How Central Bank Policy Impacts Asset Prices (SocGen)
Part 5: How Far Can They Go? – ZH
(previous parts linked last night)

Kataisen ja Urpilaisen seuraavat vastustajatHenri Myllyniemi / US Puheenvuoro

Talouskuripakettia ei sovi vähätelläHS
Vastaväite: Helsingin Sanomien pääkirjoitus 27. 10. vähätteli Euroopan unionin niin kutsutun talouskuripaketin uutuusarvoa ja merkitystä jäsenvaltioille. Vähättelyyn ei ole syytä. Paketti eroaa sen pohjana olevasta vakaus- ja kasvusopimuksesta ainakin kahdella merkittävällä tavalla.

Follow ‘MoreLiver’ on Twitter or Facebook