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Thursday, November 8

8th Nov - US Open

BoE stood still - ECB soon.

Previously on MoreLiver’s:

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Roundups & Commentary
US Opening News And Market Re-Cap – Ransquawk / ZH
Frontrunning – ZH
Overnight: All Quiet On The Day After The Day After– ZH
The Lunch Wrap – alphaville / FT
Emerging N.Y. headlines – beyondbrics / FT
Today’s front pages – presseurop
Daily press summary – Open Europe

Morning MarketBeat: Bouncing Back Won’t Be Easy – WSJ
Broker Note Briefing – WSJ

US session ahead
Pre-market Commentary – Marketwatch
Pre-Market Trading – CNNMoney
Pre-Market – NASDAQ
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
Economic Calendar – Forexpros

Fiscal deficits in the euro area under the new forecastBruegel
The 2012 Autumn Economic Forecast of the European Commission confirms the Spring Forecast expectation that several euro area countries, including France, will breach their commitment to return below a 3 percent deficit in 2013, unless they change their budget plans or the EU gives them more time to meet their commitment. However, most of these countries, including France, appear to be taking EU rules seriously as their structural balance figures have improved since the Spring Forecast.

Laughable European forecastsMacro Business
I am once again reminded how highly optimistic and misguided economic assumptions have led, in part, to the situation we now see across Europe.

Fiscal multipliers and growth guesstimatesalphaville / FT
…the EC may be onto an important trend: “The distress in more vulnerable Member States has progressively started to affect the remainder of the Union.”

Dexia Gets New €5.5 Billion BailoutDealBook / NYT
The new capital is necessary, they said, because “a certain number of hypotheses underlying the plan” for the bank’s orderly resolution have been revised

Sareb is ‘incrementally negative for Spain and its banking sector’alphaville / FT
Some more details about
Spain’s bad bank are filtering through, mainly on how it might function in practice. And analysts are finding that the more they find out, the more concerns they have.

No more QE from the Bank of EnglandNordea

‘Read our lips: China is not deleveraging’alphaville / FT
Standard Chartered’s increasingly bullish China team are arguing that fears of an aggressive deleveraging process are wide of the mark. If they’re right (implicit Chinese data opacity warning there), it’s a reason for some short term cheer but longer term worry

G10 Weekly: US election – Now what?Nordea (pdf)
US election – Now what? * China – Dr Copper´s confusing diagnosis * Sweden – All eyes on Friday´s production data

EMEA Weekly, Week 46Danske Bank (pdf)

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