6th Mar - EU Open

Previously on MoreLiver’s:

Tuesday US Close

Tuesday US Open: Cyprus by end of March

Tuesday EU Open

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Roundups

News roundup – Between The Hedges

The 6am Cut London – alphaville / FT

Emerging Markets Headlines – beyondbrics / FT

MORNING BRIEFINGS

3 Numbers to Watch: EU GDP, US ADP jobs report, US factory orders – TradingFloor

The second estimate of EU GDP for the fourth quarter will likely remain deep in the red. Meanwhile, growth in ADP’s private payrolls estimate for February is expected to moderate, and US factory orders are projected to decline in January.

Market Preview: Political uncertainty in Italy; Eurozone GDP eyed – TradingFloor

European markets are likely to open lower Wednesday as developments in Italy's political arena will be keenly watched. Additionally, the revised reading of Eurozone fourth quarter GDP data due later today will be in focus.

Danske Daily – Danske Bank (pdf)

Dow Jones reaches new all-time high on more strong US data. Australian GDP stronger than expected in Q4. Focus turns to ECB meeting tomorrow. Market movers today: US ADP employment, in Italy Bersani’s Democratic party meets to decide next steps, Bank of Canada rate decision, US Beige Book

Aamukatsaus – Nordea (pdf)

USA:n palvelusektorin tilanne hyvä – tänään huomio ADP:n työllisyysdatassa. Epävarmuus Italiassa on ja pysyy. Kohentunut riskinottotunnelma työnsi korot nousuun

Aamukatsaus – Tapiola (pdf)

Markkinakalenteri – Nordnet

Markkinakalenteri – Taloussanomat

EUROPE

A Missing Piece In Europe’s Growth Puzzle – iMFdirect

For countries: Given the downdraft on consumption and investment, fiscal policy should emphasize long-term measures to raise primary balances and/or cyclically adjusted balances—as opposed to headline deficit targets… For the EU: Fully translating easy monetary policy into easier lending rates is probably the most pressing issue to tackle.

Europe's economic fractures widen in February – Reuters

France, Spain and Italy dragged the euro zone into a deeper downturn in February, according to business surveys that showed the chasm between these countries and prosperous Germany widening yet again.

UNITED STATES

An unconvincing breakout – Humble Student

Accompanied by negative divergences.

ASIA

China’s ‘Two Meetings’ Different This Time Around – WSJ

For years, the annual “Two Meetings” in China has been the legislative equivalent of a dead cat bounce, but not this time

IN FINNISH

Tylsyykö EKP:n toimista terä? – Nordea

Odotamme Draghilta selvästi kyyhkymäistä viestiä, että rahapolitiikka pysyy elvyttävänä. Tämän ei kuitenkaan pitäisi tulla markkinoille yllätyksenä, joten reaktio jäänee rajalliseksi. Sen sijaan viimeaikaisen korkojen laskun jälkeen EKP:n vähäinenkin tyytyväisyys hiljalleen kiristyvään rahapolitiikkaan loisi nousupaineita korkoihin.

Navigaattori – Italian vaalitulos hermostuttaa, mutta ei liikaa – Nordea (pdf)

Epävarmuus euroalueen tulevasta kehityksestä on jälleen kasvanut, kun Italian vaalit johtivat poliittiseen umpikujaan. On vaikea nähdä, miten tällä vaalituloksella maahan saadaan ylipäätään toimiva hallitus