Roundups
News
roundup – Between
The Hedges
The 6am Cut
London – alphaville
/ FT
Emerging
Markets Headlines – beyondbrics
/ FT
MORNING BRIEFINGS
The US capacity utilization is moving
towards levels usually deemed inflationary, while consumer sentiment is the
first major release for February. The G20 and currency war-talk will dominate
the day.
European
markets are expected to open higher Friday. Investors are keenly watching the
Eurozone trade balance and US consumer sentiment data, while today's G20
meeting holds significance given the recent currency war debate.
Norges
Bank’s Olsen says ready to act if NOK gets too strong. Conservative Muto emerging as
leading candidate for Bank of Japan top
job, supporting JPY. Today focus on G20 meeting and communication, UK retail sales and US industrial production
figures and survey data. Only second-tier Scandi data.
Aamukatsaus – Nordea (pdf)
Euroalueelta surkeat kasvuluvut – huomio kiinnittyy Italian
vaaleihin * Negatiiviset talletuskorot ja transaktiovero puhuttavat
euroalueella * Euroalueen odotettua vaisummat BKT-luvut painoivat
yhteisvaluuttaa
Aamukatsaus – Tapiola (pdf)
Markkinakalenteri – Nordnet
Markkinakalenteri – Taloussanomat
EUROPE
Sweden is sitting out the global currency
devaluation catfight
Main topic
was the stability and robustness of an oil-based economy. Special emphasis on
financial robustness, but not as a reason to expect early tightening
Italian
police arrested on Thursday the former head of Monte dei Paschi's finance
department, who is at the center of a probe into alleged fraud and bribery at Italy's third largest bank, prosecutors
said.
Point Counterpoint in the Italian Campaign – A
Fistful of Euros
What is
playing out is a classic competition between management strategies, as Vendola
advocates for activist stimulus and Monti calls on Italians to tighten their
belts for one more round. Bersani meanwhile tries to walk a fine line he calls
“austerity with justice,” whatever that turns out to mean. But as Hollande
waffles along the same line, and Merkel prepares to defend her mercantilist
fundamentalism this fall, Italy–for all its woes, still the
Eurozone’s 3rd biggest economy–will be helping to arbitrate the larger EU’s
path through this intractable crisis.
Spain’s labour market reforms are unlikely to lead to economic growth or a
drop in unemployment
– europp
/ LSE
UNITED STATES
Bullish? – ZH
SocGen
charts
Shiller On Housing: Back? On Track? Or Still
Cracked? – ZH
ASIA
Japan's Amari Backtracks On "Stock Market Targeting", Says
Government Has No Price Target For The Nikkei – ZH
OTHER
FX Forecast Update February – Danske
Bank (pdf)
More euro
gains and yen suffering in store
IN FINNISH
EK:n puheenjohtaja,
vuorineuvos Ilpo Kokkila kritisoi Euroalueella harrastettua rahapolitiikkaa
– tyhmyri