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Monday, October 8

8th Oct - US Open: Half-holiday

US bank holiday, but stock market is open. Expecting low volume and possibly erratic price behavior. The drop in EURUSD and SPX has been deeper and faster than I expected, but still within a bullish scenario = tactical buy levels now.

Previously on MoreLiver’s

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Roundups & Commentary
US Opening News And Market Re-Cap – Ransquawk / ZH
Frontrunning – ZH
Overnight Sentiment: European Grumbles With US Semi-Closed – ZH
The Lunch Wrap – alphaville / FT
Emerging N.Y. headlines – beyondbrics / FT
Today’s front pages – presseurop
Daily press summary – Open Europe
  Cameron: I’ll say ‘no’ to vast increases in EU budget; EU and eurozone may need separate budgets in the future

Morning MarketBeat: Investors Brace for Earnings Season – WSJ
Broker Note Briefing – WSJ
Morning Take-Out – NYT
AM Dear Dairy: – Macro and Cheese
FX Drivers in the Week Ahead – Marc to Market
US session ahead
Pre-market Commentary – Marketwatch
Pre-Market Trading – CNNMoney
Pre-Market – NASDAQ
US Equity Preview – Bloomberg
Earnings & Events – The Street
MarketCurrents – Seeking Alpha

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

The Spanish minefield and the Gretomic bomb have not yet been inactivatedbruegel
The Eurogroup, the gathering of finance ministers of euro-area member states, is to meet on Monday 8 October 2012. It has grown into a habit that major euro-area decisions are not made unless there is a strong market pressure, so no major decisions are expected now.

Europe Seeks to Contain Spanish TroublesBB

Eurozone to launch new rescue fundeuobserver
Eurozone finance ministers meeting in Luxembourg on Monday (8 October) will hold the inaugural session of the permanent bailout fund, the European Stability Mechanism (ESM)

If Germany were to leave the euro, it would be better offThe Telegraph
Another week, another conference about the euro. This time it was in Singapore. Nevertheless, it was Germany that was uppermost in my mind, not least because several Singaporeans asked me why Germany doesn't leave the euro.

The quality of political institutions within a member state can influence the extent to which citizens perceive the EU as being democraticEUROPP / LSE

The SNB’s bond buying: now with more contextalphaville / FT
Citi and
JPM comment

Catalan separatist looks to crisis with hopeeuobserver
It is often said that on the long and winding road to European union, it takes a crisis to move ahead. Now the same may be true for regional independence.

S&P 500 correlations up to datePortfolio Probe

Soini The Timesissa: Pelastuspaketit hulluuttaYLE
Soinin mielestä ainoa ratkaisu eurokriisiin on antaa markkinoille vapaus epäonnistua.

Nyt alkaa kituuttamisen aika: Kaikki kallistuuAL

Laillinen veronkierto estettävä viimeinIL

Kauas verorahat karkaavatPauli Vahtera / IL blogit

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