2nd Jan - EU Open: Cliff No More

Back to regular posting after the holidays!  Fiscal cliff deal done - or is it? Markets think so.

Previously on MoreLiver’s:                  

1-Jan My most popular posts of 2012

1-Jan Preview of 2013

30-Dec Review of 2012

30-Dec Weekender

28-Dec Abnormal Update

27-Dec Abnormal Update

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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

Tracking Europe’s Debt Crisis – NYT

FX Options Analytics – Saxo Bank

European 10yr Yields and Spreads – MTS indices

Economic Calendar – Forexpros

MORNING BRIEFINGS

3 Numbers to Watch: DE PMI, UK CIPS/PMI, US ISM – Saxo Bank

Updates on manufacturing activity in Germany, Britain, and the US are expected to bring mixed news in the new year’s first round of macro releases.

Market Preview: US averts fiscal cliff; EU and US PMIs eyed – Saxo Bank

European markets are expected to open higher Wednesday after the US House of Representatives and the US Senate approved a budget bill to avert the fiscal cliff. Meanwhile, markets are watching manufacturing data across Europe and the US today.

Danske Daily – Danske Bank (pdf)

US Congress passes tax deal – immediate fiscal cliff avoided. Chinese PMIs indicate continued expansion in the manufacturing sector. Markets start the new year in risk-on mode. Market movers today: Sweden: PMI Eurozone, Germany and France: PMI (final revision), UK: PMI, US: ISM

Aamukatsaus – Nordea (pdf)

Verojyrkänteestä vauhtitöyssy * USA:n ostopäälliköt ja työllisyysluvut vuorossa * EURUSD noussut selvästi verojyrkännesovun myötä

Aamukatsaus – Tapiola (pdf)

Osakemarkkinoille saatiin positiivinen startti uudelle vuodelle, kun maan kogressi hyväksyi uuden budjetin. Budjetti sopu poistaa epävarmuuden USA:n tulevan vuoden verolinjasta.

Markkinakalenteri – Nordnet

Markkinakalenteri – Taloussanomat

UNITED STATES

The Fiscal Stiff – Marc to Market

Perspective on the Deal – Krugman / NYT

The Cliff is Dead, Long Live the Cliff – Macro and Markets

Thoughts on the Fiscal Deal – Tim Duy’s Fed Watch

Early Thoughts on the Fiscal Cliff Deal…. – PragCap

The Fiscal Fudge – early analysts’ reaction – alphaville / FT

Five things to know about the House's fiscal cliff vote – Wonkblog / WP

The lessons of the fiscal cliff – Wonkblog / WP

Fiscal Cliff, the non-deal – Saxo Bank

ASIA

Egyptian pound hits record lows; banks running out of dollars – Sober Look

China: Mixed PMIs but it still looks like a happier New Year – Danske Bank (pdf)

Asian PMIs: happy new year? – beyondbrics / FT

The Japan Story Continues to Evolve – Tim Duy’s Fed Watch

What's moving Japanese markets? – Free exchange / The Economist