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Thursday, December 6

6th Dec - US Open: Independence Day



 Oh, almost forgot - ECB left the rates unchanged. Enjoy these two different versions of the classic story.


Previously on MoreLiver’s:

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Roundups & Commentary
Frontrunning – ZH
Overnight: Concerns Of Political Circus Returning To Italy– ZH
The Lunch Wrap – alphaville / FT
Emerging N.Y. headlines – beyondbrics / FT
Today’s front pages – presseurop
Daily press summary – Open Europe

Morning MarketBeat: Bonds, Stocks Singing Different Tunes – WSJ
Broker Note Briefing – WSJ
Currencies Churn, Awaiting New Incentives – Marc to Market
The T Report: Bulls are from Mars, Bears are from Venus – 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
Live Blog: ECB, BOE Interest Rate Decisions – WSJ
(more on ECB in my morning post)

Analysis: For the EU, way ahead may be a three-lane highway – Reuters
Much has been written over the past year about the risks of a two-speed Europe in which the 17 euro zone countries move ahead more rapidly than the rest of the European Union.

Banking union and the EBA: where do we stand? – Open Europe

Papering over the cracks at Deutsche (allegedly) – alphaville / FT
 
European data still poor – MacroBusiness
The Eurozone services and composite PMI data was released overnight and like the manufacturing indexes earlier in the week, the data points to a continuing slowdown across the region

  SPAIN
Subdued Spain bond sale puts aid debate back in focus – Reuters
Spain raises 4.3 billion euros, short of top-end target

Spiking funding needs to pressure Spain in 2013 – Reuters
Spanish gross issuance to rise, seen topping 100 bln euros

Euro zone sovereign debt supply outlook 2013 – Thomson Reuters
Interactive graphics, quite nice

UNITED STATES

ASIA
Asia FX Outlook – Cooling down – Nordea (pdf)
Performance of the Asian currencies vs. the USD has been mixed over the past month. As the global risk sentiment worsens, the EM Asian currencies could take a hit and weaken in near term. (or read the summary)

China GDP: If not 10%, then what? – beyondbrics / FT
http://blogs.ft.com/beyond-brics/2012/12/06/china-gdp-if-not-10-then-what/

OTHER
Morning Briefing (EU/US): Echoes – BNY Mellon
A reminder of the conundrum facing EU policy makers

EMEA Weekly, Week 50 – Danske Bank (pdf)

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