Notice that all links related to the Italian election
are in the Special. Bernanke's testimony at 15:00 GMT the next event.
Joke of the Day: Berlusconi's
attempt to leave his young girlfriend in the background backfired, as markets
began to wonder if the old playboy had lost his touch and libido. The voters
were scared that if they would have voted for Berlusconi, the previous
scandalous headlines could have ended soon. Thus it was better to vote a ragtag
group of ex-communists and Brussels-introduced technocrats to form a government
together. This was the best way to guarantee headlines for the future,
commentators said.
Previously on MoreLiver’s:
Roundups &
Commentary
Frontrunning – ZH
The Lunch Wrap – alphaville
/ FT
Emerging N.Y. headlines – beyondbrics
/ FT
Daily press summary – Open
Europe
Anti-euro comedian Beppe Grillo’s Five-Star
Movement becomes largest party in Italian elections upset; Consensus emerges
among political leaders that re-run elections must be avoided
The Italian Job – Marc to Market
Morning
Briefing (EU/US): Rage against the machine – BNY
Mellon
The EU's medicine no longer appears palatable
for much of Italy
EUROPE
The rapid
spread of financial contagion to Spain from Italy's uncertain election result put the
Spanish government under pressure early Tuesday.
OTHER
Nordea Risk Perception Publication – Nordea
(pdf)
Arrow
pointing at deteriorated risk sentiment near term. But, don’t fear, Draghi is
here. (summary)
This Italian election results has obviously generated
extreme uncertainty – and for good reason. And now we have the Fed Chairman
Bernanke’s semi-annual testimony before Congress. Volatility to stay high.
Trade protectionism
looms next as central banks exhaust QE – The
Telegraph
Officials at the US Federal Reserve may be more
worried than they have let on about the treacherous task of extricating America from
quantitative easing. This is an unsettling twist, with global implications.
IN FINNISH
Tammikuun työttömyysaste 8,7 prosenttia – Tilastokeskus
Rahoitustilastot – vuosikatsaus – Suomen
Pankki
Asunto- ja
yrityslainojen vuosikasvu hidastunut
Filosofi pääministerin pesukoneessa – Jukka
Hankamäki
Himanen ja ”hyvät” veljet – Kari
Uusikylä / Pohjalainen