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Thursday, March 21

21st Mar - US Open: Terrible Euro-PMIs

Terrible PMI-numbers from Europe today. Tomorrow the IFO index from Germany. The Cyprus-post has been updated.

Previously on MoreLiver’s:

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Roundups & Commentary
US Opening News And Market Re-Cap – Ransquawk / ZH
Frontrunning – ZH
Overnight: Abysmal European PMIs, Deteriorating Cyprus Chaos – ZH
The Lunch Wrap – alphaville / FT
Emerging N.Y. headlines – beyondbrics / FT
Daily press summary – Open Europe
  ECB warns it will cut off liquidity to Cypriot banks on Monday without new bailout deal; Cypriot plan B rejected by both Troika and Russia

Morning MarketBeat: Bernanke Not Impressed by Rally He Helped Build – WSJ
Broker Note Briefing – WSJ
Thursday's Seven – Marc to Market
Morning Briefing (EU/US): Yesterday once more – BNY Mellon
  Yesterday was quite a day for UK economy-watchers; but our presumptions about the likely ordering of the ugly currencies have not changed

Is This The New "Scariest" European Chart?ZH
Euroarea peripheral nations’ bank deposits

Dinner with Medvedev: a conversation on Cyprus, Depardieu and democracyThe World / FT
For a man who suffered the indignity of having to stand down after one term as president of Russia to make way for the return of Vladimir Putin, Dmitry Medvedev appears comfortable in his own skin.

#FXDebates: Exclusive interview with Valentin MarinovTradingFloor
Valentin Marinov, the head of European G10 FX Strategy at CitiFX, forecasting the ECB to make two more rate cuts this year.

Cyprus scramble continues. Ugly French, German PMI data hits EuroTradingFloor
John J Hardy: Weak French and German flash PMI’s for March hit the Euro. Meanwhile, Cyprus scrambles for creative solutions to its predicament as the EU position is unlikely to budge.

Macro update: Cyprus, UK budget and the FOMCTradingFloor
Steen Jakobsen: The Cyprus crisis confirms that Europe in now a full political crisis, where the upcoming election in Germany creates less flexibility to extend and pretend. We see growing signs of this stopping the stock market rally. Reality could be coming back.

Macro Digest: Europe’s PMIs not bad enoughTradingFloor
Juhani Huopainen: The European March PMI numbers were a lot weaker than expected. But as the ECB is not allowed to do anything, the EURUSD shrugged off the news. Apparently, a deflation threat and recession are OK for the EU.

Euro area: From recession to slow growthDanske Bank (pdf)

Nordic Outlook - March 2013Danske Bank (pdf)

China PMIs back to bullishalphaville / FT

Rebound in PMI suggests China remains in moderate acceleration phaseDanske Bank (pdf)