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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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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

3 Numbers To Watch: French industry, EU consumer, US Richmond FedTradingFloor
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 indexTradingFloor
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 DailyDanske 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 moving Flash PMIs and German IFO tomorrow and Thursday

Market comment: Portuguese bonds rally on pledged government continuityNordea
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

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

AamukatsausTapiola (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.


SEC Warns: Prepare For Repo DefaultsZH
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.