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Wednesday, August 28

28th Aug - EU Open: European M3, next, but Syria overrides

Previously on MoreLiver’s:

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News roundup – Between The Hedges
The 6am Cut London – alphaville / FT
Asia Morning MoneyBeat: U.S. Stocks Tumble – WSJ
Europe Morning MoneyBeat: Selloff to Continue on Syria Worries – WSJ

3 Numbers to Watch: Germany Gfk, UK CBI, US pending home salesTradingFloor
Today’s key updates include releases on consumer sentiment in Germany (Gfk Consumer Climate Indicator), retail-sector activity in Britain (CBI Distributive Trades Survey), and the outlook for housing sales in the US (pending home sales data).

Market Preview: German GfK survey and US pending home sales eyedTradingFloor
European markets are expected to open lower on Wednesday amid growing concern over a potential US military intervention in Syria. Meanwhile, traders await GfK consumer confidence and US pending home sales data due later today for further direction.

Danske DailyDanske Bank (pdf)
Focus continues to be on the emerging market sell-off and the possibility of US military intervention in Syria. On the data front, euro-area M3 growth is expected to decline from 2.3% y/y to 2.0% y/y...US pending home sales for July will be quite interesting as they serve as a good leading indicator for existing home sales... Bank of England governor, Mark Carney, will be given a speech today (text expected to be released 13:45 CET).

Market comment: Just when everything looked better againNordea
Core bonds with sizable rallies, as Syrian conflict boosts flight-to-quality * Equities taking big losses – crude oil prices surge higher * Syria capturing most headlines – markets pricing in most risks beforehand * German confidence continues to improve * US pending home sales and Euro-zone credit data ahead * Finland with a new 5-year benchmark * US auctions set to continue

Saksan kurssi vakaa * Katseet Kaakkois-Aasiaan * Syyrian kiristynyt tilanne hermostuttaa markkinoita

AamukatsausTapiola (pdf)
Aloitimme sijoitussuositusten julkaisun yhteydessä pohjoismaisten osakkeiden seurannan. Olemme tarkastelleet TOP10 suositusten tunnuslukuja sekä lisänneet tärkeimmät tunnusluvut aamukatsaukseen. Markkinan suunta:  Osakemarkkina voimakkaaseen laskuun ja öljyn hinta kuuden kuukauden huippuihin Syyrian kriisin pelossa. Eilinen makrodata positiivista Saksasta ja USA:sta. Osakefutuurit miinuksella, indikoiden laskuavausta OMX HEX:iin.


Merkel Blames SPD’s Schroeder for Letting Greece Into the EuroBB

The downsizing dilemmas of European
In times of economic crisis, managers often take drastic measures to survive. This column presents new research on the preferences of managers from across Europe when faced with ‘downsizing’.

The Creeping Fear Of The "Great Normalization" Of US Monetary PolicyZH

Reverse Repos and Fed InterventionStephen Williamson

Indian Rupee Collapses By Most In Over 20 YearsZH

Asia Focus: USDJPY struggling to reverse trend; AUDUSD lowerTradingFloor

Crude Breaks Through An Asian Sea Of Red To 27 Month HighZH

SocGen's Shocking Oil Forecast: $150 Upside; $125 Base Case Following Syrian Attack "Within A Week"ZH

Barclays Warns About The Oil Price "Spillover Effects" From SyriaZH

Suomen pankin Liikanen: Eurooppa ei enää talouskriisin keskiössäHS
Suomen Pankin pääjohtajan mielestä EKP:lle on kasattu liikaa vastuuta