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Monday, September 23

23rd Sep - EU Open

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: The Bloom Comes Off the No-Taper Rose – WSJ
Europe Morning MoneyBeat: German Stocks Tipped To Applaud German Vote – WSJ

3 Numbers to Watch: EU PMI, US Chicago Fed NAI, US PMITradingFloor
As we continue to digest the implications of Sunday's German elections, today’s key economic releases include EU Manufacturing PMI and its bearing on the fragile revival, the US Chicago Fed National Activity Index, and the US Manufacturing PMI.

Market Preview: Merkel wins elections; PMIs across EU eyedTradingFloor
European markets are likely to open mostly lower Monday. With China’s manufacturing PMI surprising on the upside, today’s manufacturing data across Europe will be in focus. Angela Merkel triumphed in the German elections but lacks a majority.

Danske DailyDanske Bank (pdf)
After financial markets have digested the outcome of the general election in Germany, focus will shift to flash PMIs for the euro area in September...ECB president Mario Draghi is scheduled to speak before the European Parliament. We will look for signals suggesting that the ECB could be preparing to offer a new LTRO...After Fed’s surprise decision last week to delay tapering considerable attention will be paid today to speeches by several FOMC-members.

Market comment: Four more years with Angela – Nordea
China PMI pushes Asian equity markets higher * Merkel wins federal election but coalition structure uncertain * Bullard defends the Fed´s decision * Large LTRO repayments as quarter-end is approaching * IFO and PMIs the highlights on this week´s calendar * Plenty of central bank speeches this week * Issuance from Italy in focus

Saksa äänesti Angien jatkokaudelle * Maanantaina aimo annos ostopäällikköitä * Norjan kruunu heikkeni selvästi

AamukatsausTapiola (pdf)
Markkinan suunta: Makrodatan osalta viikko alkuun positiivisesti, kun Kiinan teollisuuden ostopäällikköindeksin ennakko odotuksia vahvempi. Saksan vaalien tulos odotetun kaltainen, ei merkittävää vaikutusta markkinoihin. Osakefutuurit alas, indikoiden lasku avausta OMX HEX:iin. Suositusten seuranta: Helsingin pörssi vahvassa nousussa. Suomi-yhtiöiden liikevaihdon maantieteellinen jakauma: Positiivinen kehitys tukee Euroopassa toimivia yhtiöitä.