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Friday, June 28

28th Jun - EU Open




Previously on MoreLiver’s:

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Roundups
News roundup – Between The Hedges
The 6am Cut London – alphaville / FT
Emerging Markets Headlines – beyondbrics / FT
Asia Morning MoneyBeat: Reflating the Reflation – WSJ
Europe Morning MoneyBeat: Heading Back to Normal – WSJ

MORNING BRIEFINGS
3 Numbers to Watch: DE Retail, US Chicago ISM, U. Mich. Sentiment – TradingFloor
Germany's retail sales, US Chicago PMI and the final Thomson/Reuters sentiment reading for June are hoped to provide signs of economic life. If not, there are several speeches from Fed officials which could continue the post-FOMC dovish talk.

Market Preview: German retail sales, Fed officials' comments eyed – TradingFloor
European markets are expected to open mostly flat Friday. Traders will keep an eye on German retail sales and CPI data due later today. Comments from a few Fed officials later in the day will also be tracked for hints on future monetary policy.

Danske Daily – Danske Bank (pdf)
In the US Chicago PMI is expected to fall back a bit to 55 following a surprisingly
sharp rise last month to 58.7. The European Council meeting continues. Focus is on the European Semester, growth enhancing initiatives and how to tackle high youth unemployment. Several Fed speeches today (Lacker, Pianalto, Williams), which are likely to reiterate the message from other members in the past days that the Fed still sees the first rate hike far away

Aamukatsaus – Nordea
Euroalueen taantuman pohja häämöttää * Öljyn hinta nousussa neljättä päivää putkeen

Markkinakalenteri – Nordnet
Markkinakalenteri – Taloussanomat

EUROPE
European Council Conclusions – Concilium (pdf)
Statement by Barroso following the first day of the Council – Concilium
Remarks by Van Rompuy following first session of the Council – Concilium

Finland: Housing prices marginally up in May – Handelsbanken (pdf)
Finland: Consumers slightly less pessimistic in June – Handelsbanken (pdf)


UNITED STATES
Chart of the Day - Mortgage Debt and Housing Wealth – Macronomics

OTHER
The Two Big Summer Risks – ZH
BofAML sees two big risks this summer - a market event and/or a macro event.

FINNISH
Katainen ilmeisesti iloitsee talouskurimuksen jatkumisesta – terveisiä EU:n huippukokouksesta – Tyhmyri

Asuntojen hintanousu tökkäsi pääkaupunkiseudulla – Verkkouutiset
Vanhojen kerros- ja rivitaloasuntojen hinnat laskivat toukokuussa pääkaupunkiseudulla 0,5 prosenttia huhtikuusta, Muualla Suomessa hinnat nousivat 0,8 prosenttia. Koko maassa hinnat nousivat toukokuussa 0,2 prosenttia edelliseen kuukauteen verrattuna.

Yritysten voittoaste supistui 2013 Q1 – Tilastokeskus
Osakeasuntojen hinnat lähes ennallaan toukokuussa – Tilastokeskus
Julkisyhteisöjen alijäämä kasvoi 0,8 miljardia euroa tammi-maaliskuussa – Tilastokeskus
Julkisyhteisöjen velka kasvoi 2,1 miljardia euroa 2013 Q1 – Tilastokeskus