12th Feb - EU Open

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Previously on MoreLiver’s:

Credit Guest: Promissory Hope

Monday’s US Close

Monday’s US Open

Monday’s EU Open

Roundups

News roundup – Between The Hedges

The 6am Cut London – alphaville / FT

Emerging Markets Headlines – beyondbrics / FT

MORNING BRIEFINGS

3 Numbers to Watch: UK CPI, US NFIB Index, US budget deficit – TradingFloor

Consumer price inflation in the UK is likely to remain well above the BoE’s 2% annual target in today’s update. In the US, a bit of progress is expected for small business optimism and the federal budget deficit.

Market Preview: Focus on the UK's CPI – TradingFloor

European markets are expected to open in the red today. Markets will keep an eye on the UK's CPI data due later today, while the US President's State of the Union address, scheduled for tomorrow morning, will also garner market attention.

Danske Daily – Danske Bank (pdf)

Currency wars on top of the political agenda ahead of G20 meeting. Ireland’s outlook upgraded to stable by S&P. US equities fell marginally while Japanese investors returned to the market with renewed optimism: Nikkei is up 2.3% this morning. Market movers today: UK CPI, US NFIB small business optimism

Aamukatsaus – Nordea (pdf)

Suomi: Työllisyyden heikkeneminen painaa palkkasummaa * Vahva talouskasvu jatkuu Baltiassa * Bundesbankin Weidmannin puheet tukivat euroa

Aamukatsaus – Tapiola (pdf)

Markkinakalenteri – Nordnet

Markkinakalenteri – Taloussanomat

OTHER

What Are The G-20 Rules For Talking Down Your Currency? – ZH

Citi's Steven Englander: There are rumors that G2, G7 or G20 will make some comments on currency wars/competitive devaluations, in response to Japan’s perceived transgressions…The parameters of acceptability on comments influencing the exchange rate are not well defined, but seem pretty broad. Unilateral intervention is debated in G20, and is supposed to be a no-fly zone in G7.

A statement of non-intent – MacroScope / Reuters

The flurry of activity about a G7 currency statement yesterday can now be put in perspective. It will almost certainly happen but it’s very much going through the motions.

IN FINNISH

Markkinakatsaus — Suomen suhdannekäänne kulman takana – Handelsbanken (pdf)

Talouden tilastoihin perustuvat merkit teollisuuden suhdannekäänteestä antavat Suomessa vielä odottaa itseään. Samalla kotimainen kysyntä on vuoden ensimmäisellä neljänneksellä varsin aneemisessa tilassa. Odotamme silti, että maailmantalouden kasvun vauhdittuminen, josta jo näemme selviä merkkejä, saavuttaa myös Suomen lähikuukausien aikana ja vahvistaa sekä yritysten että kotitalouksien odotuksia tulevasta ja vie työmarkkinat sekä koko talouden aktiviteetin maltilliseen nousuun. Näiden tietojen perusteella pidämme vuoden 2013 BKT:n 1,7 prosentin kasvuennusteemme muuttumattomana.