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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 highwayReuters
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 poorMacroBusiness
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 2013Thomson Reuters
Interactive graphics, quite nice

UNITED STATES

ASIA
Asia FX Outlook – Cooling downNordea (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): EchoesBNY Mellon
A reminder of the conundrum facing EU policy makers

EMEA Weekly, Week 50Danske Bank (pdf)

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