Previously on MoreLiver’s:
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
FX Options
Analytics – Saxo
Bank
European
10yr Yields and Spreads – MTS indices
Economic
Calendar – Forexpros
MORNING BRIEFINGS
3 numbers to watch: DE Ifo, BOE MPC Minutes, US
Housing Starts – Saxo
Bank
Germany's Ifo Survey of manufacturers is
expected to hold steady or rise. The release of BOE's MPC minutes may drop
hints about the central bank's outlook on fighting inflation. US Housing starts
are likely to slump in November, but only temporarily.
Market Preview: Focus on German Ifo Indices and
BoE minutes – Saxo
Bank
European
markets are expected to open firmer Wednesday amid optimism over the progress
in the US budget talks and after S&P upgraded its
credit rating on Greece. Investors are keeping an eye on
German Ifo indices and the BoE minutes due later today.
US up (fiscal
cliff, monetary easing), Nikkei up more than 1.5%. The ECB is the only major
central bank not expected to deliver more monetary easing - as a result EUR is
trading close to a 7-month high against USD this morning. NAHB Housing Market
Index hit a 6.5-year high in December. Today: Ifo set to have risen in December
* Norges Bank to keep rates on hold * The Czech central bank might announce
direct intervention in the FX market to ease monetary conditions * More good
news for the US housing markets?
Aamukatsaus – Nordea (pdf)
Riksbankilta seuraava koronlasku helmikuussa * Rohkaiseva
kehitys jatkuu USA:n rakentajien luottamuksessa * Toiveet USA:n
budjettineuvotteluiden etenemisestä vahvistivat riskinottohalukkuutta
Aamukatsaus – Tapiola (pdf)
Osakemarkkinan nousu
ralli sai jatkoa, kun usko USA:n budjettikiistan ratkaisuun kasvaa.
SRV emittoi EUR 45m hybridilainan 9.5%
kupongilla. Osakefutuurit marginaalisesti plussalla, indikoiden nousuavausta
pörssiin. Shortatut OMX
HEX osakkeet – shortit lisääntyneet kuukauden takaisesta
Markkinakalenteri – Nordnet
Markkinakalenteri – Taloussanomat
EUROPE
Only one in eight Danes would definitely vote
Yes to euro – Danske
Bank (pdf)
UNITED STATES
US corporate credit market looking
extraordinarily rich
– Sober
Look
Bank Deposits Surge $2 Trillion More Than
Loans: Credit Markets
– BB
The Most Critical 48 Hours In The Fiscal Cliff
Melodrama Have Begun
– ZH
T.Rowe Price US Economic Outlook 2013 – BI
Jeff Gundlach On The Fiscal Cliff Circus And
Why Investors Should Hold Cash Through 2013 – ZH
ASIA
The Bank of
Japan will ease monetary policy this week and consider adopting a 2 percent
inflation target no later than in January, sources say, responding to pressure
from next Prime Minister Shinzo Abe for stronger efforts to beat deflation.
Abe 2.0 Begins - Step 1 Remove All Budget
Limits; JGB Yields Crack – ZH
OTHER
Deutsche's 13 Outliers For '13 – ZH
Gift Giving Guide for
the Traders in Your Life – The Big
Picture