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Tuesday, July 23

23rd Jul - EU Open: Confidence, my friend


Europe’s consumer and business confidence is published today. July PMIs out on Wednesday, German IFO on Thursday.


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: Languid Stocks, Hot Gold – WSJ
Europe Morning MoneyBeat: Positive Tone on Chinese Stimulus Hints – WSJ


MORNING BRIEFINGS
3 Numbers To Watch: French industry, EU consumer, US Richmond Fed – TradingFloor
July sentiment updates for France and the Eurozone are scheduled for release today, followed by another clue for evaluating the July trend in US manufacturing via the Richmond Fed Index.

Market Preview: Eyes on Eurozone consumer confidence index – TradingFloor
European markets are likely to open higher Tuesday. Investors keenly await today’s EU consumer confidence data which is likely to show an improvement in July. Meanwhile, the Japanese government has upgraded its assessment of the domestic economy.

Danske Daily – Danske Bank (pdf)
The main release will be euro area consumer confidence, which is expected to show a small uptick, bottomed in November 2012 and has since continuously shown monthly increases...Finnish unemployment data could also attract attention...Q2 earnings Apple, UPS and Telenor...market moving Flash PMIs and German IFO tomorrow and Thursday

Market comment: Portuguese bonds rally on pledged government continuity – Nordea
Core bond yields little changed in subdued trading * Bonds from southern European countries rally * U equities reach new highs again * The drop in US home sales not looking particularly worrying yet * Light economic data ahead of a heavier load tomorrow

Aamukatsaus – Nordea
USA:n asuntotilasto ei anna syytä huoleen * Portugalin johto vakuutteli säästöohjelman etenevän

Aamukatsaus – Tapiola (pdf)


Tarkastelimme Suomi-osakkeita teknisesti suhteessa pisteytysmallimme tuloksiin. Mielenkiintoisia osto-kohteita mm. Tieto, Huhtamäki, Tikkurila, Kone ja Outotec. Markkinan suunta: Aasiassa osakekurssit nousussa raaka-aineyhtiöiden vetämänä – saattaa tänään tukea suomalaisia konepajayhtiöitä. F-Securelta tulosvaroitus, liikevaihdon kasvuennusteen laskun seurauksena.
Osakefutuurit plussalla, indikoiden nousuavausta OMX HEX:iin.


Markkinakalenteri – Nordnet
Markkinakalenteri – Taloussanomat


UNITED STATES
SEC Warns: Prepare For Repo Defaults – ZH
In recent weeks, between The Fed, Basel III, and the FDIC, regulators have signalled the possible intent to change risk, netting, and capital rules that could have dramatic implications on the repo markets and now, it seems, the SEC has begun to recognize just how big a concern that could be.