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Monday, December 10

10th Dec - EU Open





Previously on MoreLiver’s:
7-Dec US Close Payroll monster

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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
3 Numbers To Watch: DE Exports, Ind Production for France & Italy – Saxo Bank
Reports on exports and industrial production for the Eurozone's 3 largest economies aren't likely to bring much cheer. Italy's industrial output didn't fall as steeply as in France's in September, but the sector will probably shrink in October.

Market Preview: Focus on Eurozone Sentix Investor Confidence – Saxo Bank
European markets are expected to open firmer Monday. In a recent development, the Italian Prime Minister, Mario Monti, has offered to resign. Traders keep an eye on Eurozone Sentix investor confidence and German trade balance data due today.

Danske Daily – Danske Bank (pdf)
Friday’s strong US payrolls lift sentiment and USD. Strong Chinese November data but weak exports weigh. Speculation on ECB rate cuts continues. Focus today on who will succeed Monti as Italy’s prime minister, Scandi releases.

Aamukatsaus – Nordea (pdf)
Kiina talouden käänne vankistuu * Kreikan takaisinosto-ohjelma näyttää onnistuvan * Vahvoille työllisyysluvuille jatkoa USA:ssa

Aamukatsaus – Tapiola (pdf)
Perjantain odotettua parempi työmarkkinaraportti USA:sta, päätti osakemarkkinan viikon lopuksi nousuun. Viikonlopun aikana julkaistu data Kiinasta odotuksia hieman vahvempaa, viennin veto pysyi kuitenkin edelleen heikkona.

Markkinakalenteri – Nordnet
Markkinakalenteri – Taloussanomat

EUROPE
The European Banking Union Negotiations – Supervision – Place du Luxembourg

Thinking about the austerity trap – Fistful of Euros

Direction: France. Target: the fiscal consolidation pony – Fistful of Euros

502: French conservatives temporarily unavailable – Fistful of Euros

Greek Debt Buyback Participation Still Short Of Target After Deadline – ZH

  ITALY
Italy Trumps Greece – Marc to Market

What the resignation of Club Med mastermind Monti means for EUR – Saxo Bank

Monti Plans to Resign as Berlusconi Seeks Return to Power – BB

UNITED STATES
FOMC Projections Preview – Calculated Risk

Is The US Already in Recession? – Tim Duy’s Fed Watch

Labor Force Participation Rate Update – Calculated Risk

CHINA
Retail sales rose 14.9% yoy in November – ASA
Industrial production growth increased to 10.1% yoy in November – ASA
CPI inflation rose to 2.0% yoy in November – ASA
Fixed asset investment growth at 20.7% yoy for Jan-Nov – ASA

China: Recovery continues to strengthen – Danske Bank (pdf)

Positive numbers out of China providing some support to risk assets – Sober Look

OTHER
Market View: Currency Market Positioning – The Short Side of the Long

FX Comment: Fed-up? – Nordea Bank

Key tests of market psychology – Humble Student