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Monday, September 23

23rd Sep - US Open: After German elections...

Previously on MoreLiver’s:

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Roundups & Commentary
Frontrunning – ZH
Overnight: Lack Of Fireworks In German Election Aftermath Means Sideways Open– ZH
The Lunch Wrap – alphaville / FT
Emerging N.Y. headlines – beyondbrics / FT
EU daily news – Europa
Daily press summary – Open Europe
Morning MoneyBeat: Bears Hibernate After Fed – WSJ
Morning Bond Update – TradingFloor
Big Picture to Begin Week – Marc to Market

Eurozone Flash Composite PMI – Markit
Germany Flash Composite PMI – Markit
France Flash Composite PMI – Markit
Euro zone business activity growing faster than thought in September – Reuters
Euro-Area Services Strengthen as Demand Improves – BB
PMI signals slow recovery – Danske Bank (pdf)

The Pain In Spain Is Not Hard To Explain (Wonkish)Krugman / NYT

Portugal Could Be Cooking Up a StormWSJ

Next Greek package: Dangers for the
Charles Wyplosz: Greece is in dire straits; it will need more debt relief. This column argues that Greece is suffering because northern EZ countries kicked the can down the road by forcing crisis countries to borrow rather than restructure their debts early on. It is time for the ‘generous’ lenders to face the consequences of their short-sightedness. The bad news that Chancellor Merkel ought to break now to her people is that official debt restructuring is inevitable.

Consumers' view of inflation diverges further from market-implied CPISober Look

Bank shares sell-off may be signaling weaker credit growth aheadSober Look

Shutdown countdown: What the next eight days could bringWP

China’s Big Currency StrategyThe Diplomat
A BIS survey released on September 5 reveals that the renminbi (RMB) is now among the 10 most actively traded currencies in the world. This comes on the back of China’s recent draft plans to allow full convertibility of the RMB within the newly approved Shanghai Free Trade Zone (FTZ).

Can Asia Survive the Fed?The Diplomat
The U.S. Federal Reserve’s decision to postpone the “tapering” of its easy money policy has given emerging Asia valuable breathing space. But with continued uncertainty over the Fed’s actions, how long before the Asian market sell-off begins afresh?

China Flash Manufacturing PMI – Markit
Lift in China PMI does not solve fundamental challenges – Nordea
HSBC manufacturing PMI improves for third month in a row – Danske Bank (pdf)
China PMI Beats With Biggest 2-Month Surge In Almost 4 Years – ZH
China flash PMI: good signs – beyondbrics / FT

Rotation watch, swings and bond routsalphaville / FT

Pakko puhaltaa uutta kuplaa – tai vanha poksahtaaJan Hurri / TalSa
Mitä tekee maailman mahtavin keskuspankki nyt jo kuudetta vuotta taloushistorian suurimman finanssikuplan jälkeen? Se puhaltaa uutta ja entistä suurempaa kuplaa tilalle minkä palkeistaan irti saa. Uusi kupla on jo niin suuri ja vaarallinen, että se hallitsee puhaltajaansa eikä toisinpäin.

Huippuekonomisti: Eurokriisi kestää vielä vuosiaKL
Finanssikriisi ei ole vielä missään tapauksessa ohi. Näin sanoo finanssitalo UBS:n varainhoidon pääekonomisti Andreas Höfert.

Paljastuuko Euroopan pankeista uusia pommeja? "Bryssel varautuu kaaokseen"TE

Turkki ja EU-jäsenyysTyhmyri
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