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Monday, December 17

17th Dec - US Open

Previously on MoreLiver’s:

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Roundups & Commentary
Frontrunning – ZH
Overnight: Politics And Apples – ZH
The Lunch Wrap – alphaville / FT
Emerging N.Y. headlines – beyondbrics / FT
Today’s front pages – presseurop
Daily press summary – Open Europe

Morning MarketBeat: Easy Money, the Abe Trade and the Universal Put – WSJ
Broker Note Briefing – WSJ
BOJ, Monti's DecisionMarc to Market

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

Euro’s High Note Could Yet Last LongerWSJ
The euro is ending 2012 on a high note. And, given renewed optimism about the euro-zone debt crisis, this high note could last well into 2013.

Mario and Angela — the euro zone’s pivotal pairMacroScope / Reuters
Crisis roundup

Monti Plans to Stay, but Just How He’s Not Ready to SayWSJ

Euro money market study 2012ECB (pdf)
press release / summary here

Research Bulletin No. 17ECB (pdf)

Slow but real progress on resolving eurozone crisisThe A-list / FT
Jean Pisani-Ferry: Agreeing to establish a common bank supervisor was the easiest of the three steps towards an integrated financial framework. Establishing a common resolution framework will be harder, because it implies giving a European authority the power to distribute losses among shareholders and creditors in several countries, close down banks and lay-off employees. Still, heads of state and government made quite some progress on this front too.

Europe Takes an Important Step Forward on Bankingbruegel
The political agreement reached early on December 13 by Europe’s finance ministers makes it highly likely that legislation establishing a Single Supervisory Mechanism (SSM) with the European Central Bank (ECB) at its center will be enacted in March 2013. This is a big European success, high up on what was the range of possible outcomes.

Bundesbank sceptical on EU banking unioneuobserver

Risks be damned; China set for another year of the samealphaville / FT

The second coming of Abe… confirmedalphaville / FT

Morning Briefing (EU/US): Santa Claus Is Comin' To TownBNY Mellon
Some longer term thoughts on the USD

Puzzling out the U.S./U.K. Growth GapThe Source / WSJ

Where is the resource stock rally?Humble Student

NEMO: The Five “Black Snakes” 2013Nordea (pdf)
or the summary

Epävarmat saatavat: Suomen Pankilla on vahva tase mutta jättimäiset riskitSK

Keskuspankeissa kaikkien aikojen aikapommiTalSa
Keskuspankkien kokeelliset kriisitoimet vaikuttavat vaarattomilta, mutta pankkien taseissa paisuu kaikkien aikojen aikapommi. Rahakokeiden riskit paljastuvat äkisti, kun yksityinen luottojen kysyntä alkaa taas kasvaa. Silloin keskuspankeilla on edessään vaikea valinta: raju inflaatio tai entistä pahempi velkakriisi.