Cyprus open for biz on Thursday?
Previously on
MoreLiver’s:
Special: Bailout of Cyprus (updated)
Roundups &
Commentary
US Opening News And
Market Re-Cap – Ransquawk / ZH
Frontrunning – ZH
The Lunch Wrap – alphaville
/ FT
Emerging N.Y. headlines – beyondbrics
/ FT
Daily press summary – Open
Europe
Morning Briefing
(EU/US): There Are More Questions Than Answers – BNY
Mellon
A
number of common questions have emerged in the aftermath of the Cypriot
bailout. We attempt to answer some of them today.
EUROPE
Defensive Germany calls for more EU backing – euobserver
Germany has said it
should be getting more support from EU institutions against unfair criticism on
its role in the crisis.
U.S. asks Liechtenstein for data in Swiss banking probe – Reuters
U.S. asks Liechtenstein for data in Swiss banking probe – Reuters
U.S. prosecutors are
asking Liechtenstein to hand over data on foundations and other financial
vehicles as part of their investigation into tax evasion by wealthy Americans,
the principality's international tax office said on Wednesday.
The biggest problem – Free exchange / The Economist
The biggest problem – Free exchange / The Economist
Now a dip in nominal
growth will often result from a real factor. But a sustained decline in nominal
growth is the central bank's fault.
Eurogroup English Dictionary (EED) – Macro Man
Eurogroup English Dictionary (EED) – Macro Man
PIIGS
Debt and Devaluation, Mediterranean Edition – Krugman
/ NYT
The pain is coming
either way.
Portugal is the pupil that gets good grades for learning bad lessons – europp / LSE
Portugal is the pupil that gets good grades for learning bad lessons – europp / LSE
“Oh yeah, Italy. Forgot about that.” That's the line in
financial markets Wednesday,
As Spanish stocks, led
by banking shares, stay in the red for the third consecutive day after Cyprus secured a European Union bailout, it’s clear
that a certain Dutch Finance minister has made his mark on the mind of Iberian
investors.
UNITED STATES
Don’t call it a target: The thing about nominal
GDP – MacroScope
/ Reuters
Fed already targets
nominal GDP, even if it won’t admit to it.
OTHER
Nordea Risk Perception Index – week 13 – Nordea
(pdf)
Range trading is still
prevailing but markets’ complacency has at least been tested * Uniqueness of
bail-out process in Cyprus questioned and policy makers’ credibility hurt * Equities
consolidated around all-time-highs – implied vol increases * Together with
Bersani struggling to build coalition government, sentiment is clearly left
fragile * Investor cautiousness however limited by the ECB on their toes,
supporting range bound markets.
IN FINNISH
Rahoitusmarkkinaraportti
1/2013 – Suomen
Pankki (pdf)
Lainamarginaalit suurentuneet eniten
pienimmissä lainoissa * Yritysten rahoitusrakenne muuttunut *
Pohjoismaat kiristämässä asuntoluotonantoa
koskevaa sääntelyä * Maksujenvälityksessä edelleen häiriöitä
Luottamusindikaattorit
alhaalla maaliskuussakin – EK
Kuluttajien
luottamus ennallaan - kuluttaminen ei houkuta – Tilastokeskus