Roundups
News
roundup – Between The Hedges
The 6am Cut
London – alphaville
/ FT
Emerging
Markets Headlines – beyondbrics
/ FT
MORNING BRIEFINGS
Eurozone
investor confidence is expected to show more improvement, while construction
activity in the UK will continue to struggle. Also, a
broad read on the US labour market will probably reflect
another month of modest growth for January.
Market Preview: Merkel-Rajoy meeting, EU
investor confidence eyed – TradingFloor
European
markets are expected to open higher Monday. Markets are keeping an eye on a
meeting between Mariano Rajoy and Angela Merkel today. Also, EU Sentix investor
confidence and US factory orders data will garner
market attention.
China’s service PMI rose but details are mixed. Stock
markets continue to set new highs. Same goes for EUR and JPY. Bond yields rose
sharply in late US trading. Little news this week –
focus on ECB meeting Thursday.
Aamukatsaus – Nordea (pdf)
Hyvä vire USA:n taloudessa jatkuu * Ei vielä linjamuutoksia
EKP:n rahapolitiikkaan * Jenin heikentyminen ei ota loppuakseen
Aamukatsaus – Tapiola (pdf)
Aamukatsaus – Tapiola (pdf)
Vahvat ostopäällikköindeksit siivittivät osakkeet
edellisviikon lopuksi nousuun. USA:n perjantain työmarkkinaraportti melko
lailla odotettu. Osakefutuurit nollassa nyt aamulla - indikoiden tasaista
avausta pörssiin. Pohjoismaisilta pankeilta vahvoja tuloksia: Nordean arvostus
vaikuttaa houkuttelevalta.
Markkinakalenteri – Nordnet
Markkinakalenteri – Taloussanomat
EUROPE
The
question today is not about the intellectual case for a more unified approach
to bank regulation and supervision within a single-currency area such as the
euro zone. That case is still strong. Rather, it is about if what is being
pedalled as a ‘banking union’ will deliver the goods—whether it will help
tackle the economic crisis that still looms large over Europe or not. Evidence
is now stacking up that it will not.
As the Eurozone tries to turn the corner, one
member nation continues to lag – Sober
Look
The trends
in the composite PMI measures for France vs. the rest of the Eurozone have
diverged.
EU to set up euro-election 'troll patrol' to
tackle Eurosceptic surge – The
Telegraph
The
European Parliament is to spend almost £2 million on press monitoring and
trawling Eurosceptic debates on the internet for "trolls" with whom
to debate in the run-up and during euro-elections next year amid fears that
hostility to the EU is growing.
ASIA
Abenomics
is simply the past LDP neo-Keynesian policies on steroids.
Monetary policy is to become significantly more accommodative. Fiscal policy will become more
stimulative. There is not much
discussion of much needed structural reform or a bold vision of Japan's in the 21st century.
OTHER
The Best And Worst Of Emerging Markets – ZH
Citi's
Early Warning System heat-map provides an at-a-glance perspective of the
emerging market currencies at most (and least) risk based on 12 indicators of
economic and financial stress.
There is
little room for error in economic reality catching up to stocks 'hope'-filled
expectations.
FX Comment: going for more – Nordea
ECB's
Draghi is on stage this week, and the chances are he is not going to verbally
talk the EUR down... just yet.
The Week Ahead: Eight Observations – Marc
to Market
IN FINNISH
Kasvaako tulevan
Euroliittovaltion hinta päivä päivältä? – tyhmyri