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
No change
is expected in the revision of Q3 GDP for the eurozone, but the October slump in
retail sales may influence today’s ECB interest rate decision. Lower
expectations for Q4 GDP in Britain will also weigh on BOE’s policy
statement.
European
markets are expected to open firmer Thursday. S&P has cut its credit rating
on Greece to Selective Default from CCC. Meanwhile, traders eye UK and Eurozone monetary policy
meetings and revised Eurozone GDP data due later today.
Signs that
the US is moving closer to a deal on avoiding the
fiscal cliff. Standard & Poor’s cut its rating of Greece to selective default but might soon
return its rating to junk. New Zealand’s central bank keeps leading
interest rate unchanged. ECB and Bank of England are both expected to be on
hold today.
Markkinakalenteri – Nordnet
Markkinakalenteri – Taloussanomat
EUROPE
Spain’s economic problems are not being helped by attempts to disguise debt
in official figures
– europp
/ LSE
ECB PREVIEW
ECB Preview: What to expect, plus a few
potential surprises
– Saxo
Bank
The ECB is
expected to keep rates unchanged and promise dovish policy for 2013, with
strong euro support. The Q&A on Spain and Greece could hold some surprises. I'll be
online during the press conference and look forward to discussing this with you.
ECB Seen Refraining From Rate Cuts as Yields
Sink on Bond Plan –
ECB
ECB set to cut economic forecasts, but not
rates – Reuters
(previously:)
ECB to hold rates, guidance for 2013 eyed – Reuters
The ECB may
give a guide to next year's policy path when it delivers fresh forecasts for
the euro zone economy on Thursday at a meeting where it is expected to leave
interest rates at a record low.
ECB Set to Keep Policy on Hold – WSJ
ECB preview: Draghi sees signs of improvement – Danske
Bank (pdf)
UNITED STATES
November Employment Report Preview – A
Dash of Insight
Take the
"under" in NFP sweepstakes – Humble
Student
OTHER
The Absolute Return
Letter Dec 1212: In Search of The Holy Grail – docstoc