Last week review, next previewed. Previous ‘Weekly Support’ here.
Previously on MoreLiver’s:
7- Dec US Close Payroll monster
LAST WEEK
Prices
Weekly
Scoreboard – Between
The Hedges
U.S. Equity Sector ETF Performance – Global
Macro Monitor
Weekly
Eurozone Watch – Global
Macro Monitor
Week in
Review – Global Macro Monitor
US market
portrait 2012 week 50 – Portfolio Probe
Summary for
Week ending 7-Dec – Calculated Risk
The November employment report was better than expected, but mostly because expectations were so low due to Hurricane Sandy
The November employment report was better than expected, but mostly because expectations were so low due to Hurricane Sandy
The Weekender – beyondbrics
/ FT
Succinct summation of week’s events – The
Big Picture
(audio) MarketBeat Week – WSJ
In this week's edition of MarketBeat Week, our Friday podcast, the crew discuss how the labor market
was able to shrug off superstorm Sandy.
Week in Review: Gatorade, Michael Jordan and
Insider Trading – NYT
The S.E.C.
didn't like a Netflix post on Facebook * Peter Lattman followed a trail of
insider cases to SAC Capital Advisors * Citigroup said it would cut 11,000 jobs
* Warren E. Buffett sat down for an interview with Andrew Ross Sorkin * Five
firms were charged over audits in China * A trader at Morgan Stanley faces an
inquiry on a possible manipulation * UBS is reported to be near a deal on rate rigging.
Politics this week – The
Economist
Business this week – The
Economist
NEXT WEEK
Schedule
for Week of 9-Dec – Calculated Risk
The key event this week is the two day FOMC meeting on Tuesday and Wednesday. With the coming conclusion of Operation Twist, there is a very strong possibility that the Fed will announce additional accommodation. The key reports for this week will be the October trade balance report on Tuesday, the November retail sales report on Thursday, Industrial Production on Friday, and November CPI also on Friday.
The key event this week is the two day FOMC meeting on Tuesday and Wednesday. With the coming conclusion of Operation Twist, there is a very strong possibility that the Fed will announce additional accommodation. The key reports for this week will be the October trade balance report on Tuesday, the November retail sales report on Thursday, Industrial Production on Friday, and November CPI also on Friday.
Next Week’s Tape: The Fed, Retail Sales,
Consumer Prices – WSJ
Next week
brings a two-day Fed rate-setting meeting, as well as reports on retail sales,
and consumer and producer prices. Earnings from Adobe, Costco, and Hovnanian.
S&P 500 Earnings Week Ahead – Reuters
Wall Street Week Ahead: "Cliff"
worries may drive tax selling – Reuters
Investors
typically sell stocks to cut their losses at year end. But worries about the
"fiscal cliff" - and the possibility of higher taxes in 2013 - may
act as the greatest incentive to sell both winners and losers by December 31.
(video) Europe Week Ahead: – Reuters
(video) US Week Ahead:"Cliff" talks
intensify; Fed terminates twist – Reuters
Global Week Ahead: Focus on policy makers– Nordea
(pdf)
or read the
summary
Weekly Preview: Wind down – BNY
Mellon
We are
reminded daily of the more immediate problem facing the region’s sovereigns – a
problem whose very nature makes it difficult to address: a lack of growth due
largely to the EUR itself.
Weekly Focus: ECB opens the door for negative
rates – Danske
(pdf)
We expect
Fed to replace the current Operation Twist programme with outright treasury
purchases at the FOMC meeting next week * The deadline for a deal on the US
fiscal cliff is moving closer and we expect Congressional leaders to meet for
further negotiations * In the euro area, the main release is flash PMIs but
politics will also be in focus with the EU summit and an extraordinary ECOFIN
meeting scheduled next week. * We expect Chinese hard data to confirm soft data
indications of a moderate recovery.
G10 Weekly: Swedish winter storm – Nordea
(pdf)
Sweden: Winter storm * Fed: From twist to
tango? * AUD: The IMF boost * Data watch: US NFP at 0
Global Scenarios: The tide is turning – Danske
Bank (pdf)
The global
economy is set for a moderate recovery in 2013 * Decreasing uncertainty and
more forceful stimulus underpin growth * Emerging Markets to give new impetus
to global demand * The US economy is projected to strengthen after a short-term
bump * The euro area leaves recession but growth stays weak * Main risks are
the US f iscal cliff and re-escalation of the euro crisis
Weighing the Week Ahead: Something New from the Fed? – A Dash of Insight
Market View: Currency Market Positioning – The Short Side of the Long
Weighing the Week Ahead: Something New from the Fed? – A Dash of Insight
Market View: Currency Market Positioning – The Short Side of the Long
FX Positioning and Technical Outlook: Stirred
but not shaken – Marc
to Market
We have
been tracking the deterioration of the US dollar's technical tone over the past
three weeks. That ended abruptly.
The Weekly
T Report – TF Market Advisors
Weekly Credit Update – Danske
(pdf)
Christmas
calm in credit markets but good return. Going into 2013 we prefer lower-rated
non-financials.
EMEA Weekly, Week 50
– Danske
Bank (pdf)
We are
bullish on RUB, PLN and believe it or not, HUF
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)
Emerging:
Week Ahead – beyondbrics / FT
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.
Agenda – euobserver
Minimal
eurozone architecture tweaks at this week’s summit
CALENDARS
Economic
Calendar – Forexpros
Economic
Calendar – fxstreet.com
Monthly
Economic Calendar – fxstreet.com
Economic
Calendar – BB
EU calendar – europa.eu
Markkinakalenteri
– Nordnet
Markkinakalenteri
– Taloussanomat
REFERENCE
Debt
crisis: live – The
Telegraph
Europe Crisis Tracker – WSJ
FX Options
Analytics – Saxo
Bank