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Monday, October 8

8th Oct - US Close: ESM straight to negative



European morning post on Tuesday will be delayed - sorry! 


Previously on MoreLiver’s

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 Roundups and Commentary
Markets – Between The Hedges
The Closer – alphaville / FT

Tomorrow’s Tape: Alcoa Can’t Wait, To Start Earnings Season – WSJ
European Summary – ZH
  European Equities Give Back Friday's Gains As EUR Tumbles Most In Almost 3 Months
US Summary – ZH
  Stocks Lose Half Of Last Week's Gains With AAPL Back Under $600 Billion Market Cap

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

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EUROPE
The ESM Has Been Inaugurated: Spain's €3.8 Billion Invoice Is In The Mail – ZH

Moody's Slaps ESM With Negative Outlook On Day Of Its Official Launch – ZH
 
Speech Benoît Cœuré: Why the euro needs a banking union – ECB

Target2 chart du jour – alphaville / FT
Spanish TARGET2 balance decreased for the first time since the crisis began.

Why is Merkel visiting Athens on Tuesday? – alphaville / FT

Keep Your Eyes Off The European Cash-Flow Ball – ZH
massive fundamental divide between the core and periphery's corporate debt credit quality.

2012 Structural Issues Report on “Euro area labour markets and the crisis” – ECB
This is the press release – or dive straight to the pdf

USA
Q3 earnings won’t be good, but might not matter much – alphaville / FT

The Unemployment Surprise – John Mauldin / The Big Picture