MoreLiver's Daily: 26th Nov - EU Open: Greece ahead

Today's German Gfk index will give some clues about whether Germany is facing a simple dip in growth or a full-blown recession. The US Chicago Fed national activity index will help answer the question, 'Is the US slipping into a new recession?'

Asia Today: Currencies steady with event risks looming this week – Saxo Bank

Friday's positive sentiment stumbled slightly in a steady start to the week in Asia. Both equities and currencies held close to NY closing levels with JPY cross selling evident. A number of event risks loom this week so some caution is understandable

Market Preview: EU finance ministers meeting eyed – Saxo Bank

European markets are expected to open lower Monday. Markets are keeping an eye on the EU finance ministers meeting today to discuss the next tranche of aid to Greece. Additionally, investors await German consumer confidence data due later today.

Danske Daily – Danske Bank (pdf)

Pro-referendum parties win elections in Catalonia. Bank of Japan minutes show that two new members voted for more dovish wording. EU leaders urge deal on Greece but postpone EU budget deal to 2013. Market mover today: Extraordinary Eurogroup meeting about Greece

Aamukatsaus – Nordea (pdf)

Nationalistit voittivat Kataloniassa – itsenäistyminen vielä kaukana * Kreikan seuraavalle tukierälle vihdoinkin vihreä valo? * EURUSD nousi perjantaina vahvasti tason 1.3000 tuntumaan

Aamukatsaus – Tapiola (pdf)

Edellisviikko päätyi positiivisissa tunnelmissa, kun Saksan IFO-indeksi kääntyi yllättäen nousuun.

Euroalueen valtionvarainministerit tänään jälleen koolla Kreikan tilanteen ratkaisemiseksi. Osakefutuurit lähellä nollaa, indikoiden flättiä avausta (poliitikkojen päätöksiä odotellaan).

Markkinakalenteri – Nordnet

Markkinakalenteri – Taloussanomat

EUROPE

Germany has prescribed austerity and restraint for Europe, while at the same time undertaking extensive fiscal stimulus packages at home – europp / LSE

EU BUDGET

EU Budget: Commission is nowhere to be seen – Coulisses de Bruxelles / presseurop

EU budget summit exposes weak Franco-German relations – euobserver

SPAIN

Catalan voters back secession parties in Spain – euobserver

Catalans really like this independence idea – alphaville / FT

Catalan election weakens bid for independence from Spain – Reuters

The obsession with independence – La Vanguardia / presseurop

What will happen the morning after? – El Periódico de Catalunya / presseurop

A dangerous leap into the abyss – El País / presseurop

GREECE

Euro Ministers Take Third Swing at Clearing Greek Payment – BB

Euro zone, IMF to seek Greece deal, debt write-off main problem – Reuters

Analysis: German hint of Greek debt relief raises euro hopes – Reuters

Euro-ministers and IMF in third attempt to agree on Greece – euobserver

UNITED STATES

Mission accomplished, Bernanke – Nordea

I constantly hear the view that the Fed will keep printing until the USD gets weak. Well, mission accomplished, Bernanke. The USD is weak, so why keep firing up those printers?

Some securities purchases but no QE from the Fed yet – Sober Look

ASIA

Latest indicators show China avoiding a hard landing – Sober Look

The RBA will lower rates to blunt the impact of slower mining investment – Sober Look

OTHER

Morning Briefing (EU/US): Oil change revisited – BNY Mellon

Recent developments only bolster the view that oil price dynamics are in a state of flux

Morning Briefing – Monday – Nordea (pdf)

or read the summary

FX Comment: poker face – Nordea

Follow ‘MoreLiver’ on Twitter or Facebook

Pages

Google Analytics

Monday, November 26

26th Nov - EU Open: Greece ahead