Google Analytics

Wednesday, December 5

5th Dec - EU Open

Europe 'surprised' by bad service PMI's, but the horror was pretty much expected after the manufacturing PMI's deterioration. Eyes now on Draghi on Thu. Again, no interest rate cuts expected, but the words will be scrutinized like never before.

Previously on MoreLiver’s:

Follow ‘MoreLiver’ on Twitter or Facebook 

News roundup – Between The Hedges
The 6am Cut London – alphaville / FT
Emerging Markets Headlines – beyondbrics / FT

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

3 Numbers To Watch: EU Retail Sales, US ADP Payrolls & US NonMfgSaxo Bank
Euroland retail sales, plus a preview for US payrolls and an update on the US services sector brings fresh data for re-evaluating which side of the Atlantic harbors more risk.

Market Preview: UK Chancellor's Autumn Statement eyedSaxo Bank
European markets are expected to open higher Wednesday. UK Chancellor George Osborne's Autumn Statement today is likely to garner market attention. Additionally, traders await services PMI data across Europe also due today.

Danske DailyDanske Bank (pdf)
Chinese stocks rise strongly on new push for urbanisation. Germany’s Wolfgang Schäuble puts brake on bank union plan. Australia’s Q3 GDP rose 0.5% q/q. Main releases today are US ISM non-manufacturing and ADP employment

Morning Briefing (EU/US): Losing my religionBNY Mellon
Riksbank would have to place its official mandate on hold if it were to release the bee from its bonnet

AamukatsausNordea (pdf)
Talousnäkymät: Kohti parempaa uutta vuotta * Hidasta kasvua Suomen BKT:ssa * EUR/USD jatkoi nousutrendillä euroalueen ongelmien helpotettua hieman

AamukatsausTapiola (pdf)
Osakemarkkina eteni eilen ilman suuntaa, kun uutisvirta oli kevyttä. Kiinan uuden johdon arviot taloudesta tukevat oletusta Kiinan tulevasta lisäelvytyksestä. Osakefutuurit plussalla, indikoiden nousuavausta. Neste Oil sekä Orion lähemmässä tarkastelussa: Neste Oilin kiinnostavin osa uusiutuvat polttoaineet edelleen kannattavuudeltaan mysteeri. Orionin vahva kehitys väistämättä hiipuu, mutta kulmakerroin on epävarma.


Monetary Policy to Become Easier Next Week?Tim Duy’s Fed Watch
There are reasons to expect the Fed would go the full monty.  Notably, the fiscal cliff drama already appears to be affecting the economy, even though it is more risk than reality.  But why are inflation expectations sliding?  And what does that imply about the effectiveness of additional easing at this juncture?  Important but as of yet unanswered questions. 

Goldman cuts US Q4 GDP forecast to 1% (annualized)Sober Look
Some surprising market leaders – Short Side of the Long

RBA's remains hawkish after the rate cut (and who renamed the central bank?)Sober Look

Why are Shanghai markets suddenly rising?alphaville / FT
For China Stock Markets, It’s All in the ChartsWSJ

Global Scenario: The tide is turningDanske Bank (pdf)

Some surprising market leadersHumble Student
Global market chart overview and commentary

Follow ‘MoreLiver’ on Twitter or Facebook