My guess for the week's main events: Euromeeting, discussing Cyprus, even though it is not the supposed main topic. On Friday, the first data for March, as we get the US Michigan Consumer Sentiment. Next week FOMC, so the current week could be dull.
Previously on MoreLiver’s:
Roundups
News
roundup – Between
The Hedges
The 6am Cut
London – alphaville
/ FT
Emerging
Markets Headlines – beyondbrics
/ FT
MORNING BRIEFINGS
The market
will be keen on learning how Germany’s exports fared in January. Later,
analysts are looking for an uptick in industrial production for France, and the US employment trends index will
provide a deeper read on the labour market trend.
European
markets are likely to open marginally higher Monday. Fitch Ratings lowered its
credit rating on Italy by one notch late Friday. In
today's session, markets will keep an eye on German trade data for further
cues.
Danske Daily –
Danske Bank (pdf)
Decent US job
report pushes equity markets higher. Next test for markets is this week’s US retail
sales. Chinese data disappoint, inflation higher. Weaker JPY lifts Japanese
stocks despite weak machine orders. Very thin calendar today. Norway releases
inflation data.
Aamukatsaus – Nordea (pdf)
Kiinan alkuvuoden talousdata pettymys – kasvu yltää silti tavoitteeseen * USA:ssa rivakkaa työllisyyskasvua – seuraako vähittäismyynti perässä? * Dollari vahvistui ja korot nousivat USA:n vahvan työllisyysdatan myötä
Kiinan alkuvuoden talousdata pettymys – kasvu yltää silti tavoitteeseen * USA:ssa rivakkaa työllisyyskasvua – seuraako vähittäismyynti perässä? * Dollari vahvistui ja korot nousivat USA:n vahvan työllisyysdatan myötä
Aamukatsaus – Tapiola (pdf)
USA:n perjantain
työmarkkinaraportti oli vahva, mutta viikonlopun data Kiinasta pehmeää.
Osakefutuurit
lievästi miinuksella, ennakoiden laskuavausta pörssiin. Suomalaiset kiinteistösijoitusyhtiöt
tarkastelussa: Technopolis tuottaa sitoutuneelle pääomalle jopa yli 5%
tuottopreemion. Talvivaaralta merkintäoikeusosakeanti: Merkintäoikeus irti
osakkeesta tänään, osakkeen oikea hinta tänään noin EUR 0,275. Merkintäoikeuksien
tullessa myyntiin 18.3., kova myyntipaine saattaa painaa osaketta alas.
Markkinakalenteri – Nordnet
Markkinakalenteri – Taloussanomat
EUROPE
A new
German party led by prominent German economists and academics wants to do away
with the euro.
The English Prisoner – Krugman
/ NYT
The IMF on the Austerity Trap – Krugman
/ NYT
The ECB's
Outright Market Transaction scheme is not relevant in the current circumstances
for Italy. Recall
that the pre-conditions require a programmatic agreement with the EU. Italy is far from that. By some reckoning, Spain is still closer, though Spanish
bonds have benefited from the political uncertainty in Italy.
FRBNY Swap Update – ZH
Duration of
Unemployment, Unemployment by Education and Diffusion Indexes
ASIA
How is Abenomics doing? – noahpinion
A big stack
of official Chinese economic data was released over the weekend and it paints a
somewhat mixed picture of the country in 2013.
by Larry
Kantor, Head of Research, Barclays
Cyber-attackers penetrate Reserve Bank networks – Financial
Review
The Reserve
Bank of Australia’s computer networks have been
repeatedly and successfully hacked in a series of cyber-attacks to infiltrate
sensitive internal information, including by Chinese-developed malicious
software.
OTHER
The Impossible Rally Turns Four – The
Reformed Broker
"What Looks Like A Rally May Just Be The
Elites Passing Money Among Themselves" – ZH
Authored by
Chrstopher Caldwell, originally posted at The FT
Portfolio Update: Currency Options – Short
Side of the Long
Global
currencies under pressure, Funds hold large bearish bets on the Loonie, Risk On
or Risk Off? Depends on the asset! Global bull market confirmations are
thinning out,