Google Analytics

Wednesday, October 31

31st Oct - EU Open



Spanish non-performing loans since sixties

Previously on MoreLiver’s:

Follow ‘MoreLiver’ on Twitter or Facebook

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

Reference
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
Morning Briefing (Asia): An easier life – BNY Mellon
Has the BOJ loosened policy of its own volition, or has it revealed susceptibility to government pressure?

3 Numbers to Watch: EZ CPI, CA GDP & Chicago PMI – Saxo Bank
Inflation in the Eurozone is expected to edge lower in October when Eurostat releases its CPI estimates. Meanwhile, in Canada the rate of growth is expected to slow, and purchasing managers in the Chicago area are likely to report better conditions.

Asia Today: Japan’s manufacturing PMI uninspiring; Is China next? – Saxo Bank
After yesterday's BOJ excitement Asia settled back into customary range-trading. Japan’s PMI drifted to 46.9 from 48.0 the previous month, marking the lowest point since April 2011 and the fifth month below the 50 expansion/contraction threshold. 

Market Preview: EU unemployment data eyed – Saxo Bank

European markets are expected to open mostly lower Wednesday ahead of Eurozone unemployment data due later today which is expected to show a rise in September. Additionally, a meeting of EU finance ministers holds market interest.

Danske Daily – Danske Bank (pdf)
Key news: US markets will open again today after a two-day shutdown. Positive earnings surprises pushed European stocks higher yesterday and the positive sentiment has continued in Asia overnight. We expect Norges Bank  to push interest rates higher by signaling a rate hike within the next six months. Market movers today: Monetary policy meeting in Norges Bank, Euro area bank lending survey, US Chicago PMI

Aamukatsaus – Nordea (pdf)
Euroalueen talousnäkymät yhä synkemmät * Espanjan talouden taantuma syvenee * Riskitunnelmien parantuminen tuki euroa 

Aamukatsaus – Tapiola (pdf)
Konevuokraajat Cramo ja Ramirent yhdistävät liiketoimintansa Venäjällä ja Ukrainassa. Stockmann harkitsee Pietarin kauppakeskuskiinteistön myymistä. Markkinan suunta: Euroopan maltillisen positiivisesti jatkunut tuloskausi veti osakemarkkinat nousuun, joskin matalalla volyymilla. Osakefutuurit nyt plussalla, indikoiden nousuavausta pörssiin. 3Q12-tuloksia aamulla: Hyvät tulokset: Cramo, Pohjola. Neutraalit tulokset: Sanoma. Heikot tulokset: Stockmann, Tecnotree, Teleste. 

Morning Briefing (EU/US): "It's Close To Midnight..." – BNY Mellon

After the events of the past few days, it’s time to asses the latest state of play in Greece. 

Markkinakalenteri – Nordnet
Markkinakalenteri – Taloussanomat


EUROPE
Eurozone investors jump on the carry trade – Sober Look
JPMorgan: Investors have shifted their peripheral positioning to long in recent weeks which could become a risk for intra-EMU spread tightener trades.

Spain surpasses 90's perfect storm – Macronomics
 
UNITED STATES
Feeling Sandy – Marc to Market
Behind Decision to Close Markets – WSJ
 
Q3 Earnings: Beyond the Halfway Mark – Zacks
It has been a fairly weak earnings season any way you look at it. And as we had suspected all along, earnings estimates for the fourth quarter and beyond have started coming down, though they still have room to go on the down side.  

Weighing the Week Ahead: A Three-Day Homestretch – A Dash of Insight
The key elements are the following: Continuing corporate earnings reports, where a mixed story continues; The looming concerns over the fiscal cliff, with increasing prominence and visibility; The election, with potential for significant change.

ASIA
Japan Manufacturing PMI Falls to 18-Month Low – Mish’s
Output and new orders both down at sharper rates; Employment falls at fastest pace since July 2009; Average output charges pared to steepest degree since December 2009

IN FINNISH
Näin kriisillä "tienaaminen" köyhdyttää Suomea
– Jan Hurri / TalSa
Eurokriisin tähän mennessä hölmöimpiä väitteitä on, että Suomi jotenkin tienaisi kriisillä. Moinen möläys sulkee silmät tosiasioilta – ja on mahdollisimman väärä. Suomi ei ole tienannut eikä tienaa tällä kriisillä euroakaan, vaan kärsii parasta aikaakin isompia menetyksiä kuin moni muu maa.

Espanjan kannattaisi hakea tukea – HS

Osta valtionlaina, saat oleskeluluvan – TalSa

Follow ‘MoreLiver’ on Twitter or Facebook