Roundups
News roundup – Between
The Hedges
The 6am Cut London – alphaville
/ FT
Asia Morning MoneyBeat: Quirk of Rally — Dearth of
Tech IPOs – WSJ
Europe Morning MoneyBeat: Gains Ahead, But Volumes
Light – WSJ
MORNING BRIEFINGS
The benchmark 10-year
Treasury yield, along with today’s update on new orders for durable goods and
the Dallas Fed Manufacturing Index, are Monday’s key US numbers to watch.
Market Preview: – TradingFloor
Danske Daily –
Danske Bank (pdf)
Market comment – Can US housing market handle
higher rates? – Nordea
German bonds
could not replicate the rally in the US * Equities helped by a fall in yields
in the US * Hiccups in US housing market recovery to delay Fed tapering? * More
conflicting signals from ECB members * Euro-zone credit & confidence and US
price data ahead * US, Italian and Belgian auctions in store
Aamukatsaus – Nordea
Luotonannon
niukkuus rassaa euroaluetta * Interventioilla vahvemmaksi? * Dollari heikentyi
USA:n odotettua heikommasta asuntomyynnistä
Aamukatsaus – Tapiola
(pdf)
Mallisalkun TOP-5 osakkeiden arvostu on
edullinen kun 2013E P/E on 12,8 ja vuoden 2014E P/E on 11,2. Odotettu osinko
tuotto on 4,7%.
EUROPE
A perspective on the German ‘job miracle’ – Bank
of Finland
Labour market outcomes
and welfare after the labour market transformation, BoF Online 7/2013
Scandi markets ahead – Danske
Bank (pdf)
Sweden is catching up and value in Scandi FX after sell-off
UNITED STATES
Can the Fed's proposed overnight facility
reduce pressure on the repo markets? – Sober
Look
ASIA
OTHER
Thoughts on the Week Ahead: Pitfalls around the
Corner – Marc
to Market
While you were busy… – Nordea
(pdf)
In this short presentation, we highlight some of the major economic and
financial market events that have happened over the past few weeks.
Why does capital flow
from poor to rich countries? – voxeu.org
Daniel Gros: This column argues that the direction of capital flows
makes economic sense given savings behaviour. But the real puzzle is why
savings rates are high in poor countries and low in rich ones.
Things That Make You
Go Hmmm...: The Hypocritic Oath – ZH
What is Shadow
Banking? – PragCap
‘All financial activities, except traditional banking, which require a
private or public backstop to operate’. The idea that shadow banking is
something that needs a backstop changes how we think about regulation. Although
it won’t be easy, regulation is possible.
FINNISH
Kokoomuksen Orpolta neuvo Soinille: Tiukka
eurokanta vie hallituspaikan – HS
Suomen talouden tilannekuva elokuussa 2013 – Suomen
Pankki
Suomalaiset tinkisivät naapurin eduista – HS
Yli puolet
kansalaisista kannattaa rakennemuutoksia, jos ne eivät kohdistu omiin etuihin
Mistä Jyrki Kataisen hallitus jää historiaan? – Jyrki
Virolainen