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Wednesday, December 5

5th Dec - US Open



Previously on MoreLiver’s:

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

Morning MarketBeat: Special Dividends Already Boosting Stocks – WSJ
Broker Note Briefing – WSJ
Roundup: Dollar Stabilizes, but Remains Fragile – Marc to Market
The T-Report: Lord Cliffdemort – TF Market Advisors
 
US session ahead
Pre-market Commentary – Marketwatch
Pre-Market Trading – CNNMoney
Pre-Market – NASDAQ
Earnings & Events – The Street
MarketCurrents – Seeking Alpha

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

EUROPE
Serial Government Defaults In The Eurozone – Testosterone Pit

ESM issues bonds for the recapitalisation of the Spanish banking sector – Alea

Will Germany hold up the banking union? – Brussels blog / FT

Bank of England Preview: No move from the MPC – Danske Bank (pdf)
We expect the Bank of England to remain on hold at Thursday’s Monetary Policy Committee (MPC) meeting. We think the BoE will stay in wait-and-see mode in the near future. As consensus is almost unanimous on unchanged policy, we expect a muted market reaction following the MPC decision.

David Cameron set to offer in-out EU vote – presseurop
UK Prime Minister “David Cameron is ready to give voters the chance of rejecting Britain’s membership of the European Union in a landmark referendum,” reports The Times.

OTHER
Nordea Risk Perception Index – Nordea (pdf)
Market reactions on balance indicating improved sentiment – especially out of Europe * Nordea Risk Perception Index has thus softened further – particularly driven by EM, Credit and Rates * Low-for-even-longer view may pressure vols further until year end * However, investors may be more cautious due to plenty of event risk * Continue applying vol markets either to benefit from underlying markets being range bound and/or to obtain protection against downside risks.

IN FINNISH
Kallista pankki- ja vaalitukea Saksaan – sinä maksat – Jan Hurri / TalSa
Saksa on sittenkin valmis antamaan anteeksi Kreikan tukiluottoja – mutta vasta sitten, kun maan oma "vaalisykli" sallii ja "omat" pankit ovat kuivilla. Saksa haluaa saada omansa pois ennen Kreikka-lainojen leikkauksia. Temppu onnistuu, kunhan Suomi ja muut euromaat jatkavat kiltisti maksamista.

Amerikkalaisguru Helsingissä: "Euromaiden vajeet yhteiseen piikkiin" – TE

SAK:n Huutola varoittaa hallitusta puuttumasta eläkkeisiin – HS