Roundups & CommentaryFrontrunning – ZH
Overnigh: – ZH
The Lunch Wrap – alphaville / FT
Emerging N.Y. headlines – beyondbrics / FT
Daily press summary – Open Europe
Morning MarketBeat: Fed Seen Keeping Stimulus Spigots Wide Open – WSJ
Broker Note Briefing – WSJ
Interest Rates Drive Divergence in FX – Marc to Market
Spain bucks the happiness trend – Macrobusiness
Market and real economic divergence continues apace in the European periphery and, much like Italy, Spain is again showing worrying signs that further fiscal tightening is creating far more severe negative consequences than “expected”.
Germany won’t stand in Cyprus’ way, apparently – alphaville / FT
Cyprus, the small economy with the relatively massive bank recapitalisation problem, may have some kind of good news in its quest for a bailout: Germany might not be so wedded to blocking or delaying said bailout after all.
Results of the January 2013 euro area bank lending survey – ECB
Europe’s robust financial-transactions tax – MacroScope / Reuters
The details of Europe’s new financial transactions tax won’t be made public for a few weeks, but the FT’s Alex Barker has seen a draft, and it looks impressively robust.
Euro-Area Economic Confidence Rises More Than Estimated – BB
Morning Briefing (EU/US): For Whom the Bell Tolls – BNY Mellon
The unfortunate thing about currency wars is that one party always comes off worst. On which side will we find New Zealand?