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Tuesday, September 24

24th 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: U.S. Stocks Keep Sliding – WSJ
Europe Morning MoneyBeat: Fed Speakers Can’t Pierce the Fog WSJ

3 Numbers to Watch: German Ifo, US house prices, US confidenceTradingFloor
Today’s key numbers to watch include Germany’s Ifo Business Survey report and two updates for the US: the Case-Shiller Housing Price Index and the Conference Board’s Consumer Confidence Index.

Market Preview: German Ifo sentiment, US consumer confidence eyedTradingFloor
European markets are likely to open lower on Tuesday, as comments from a few US Fed officials raised uncertainty surrounding the timing of tapering QE3. Meanwhile, today’s German Ifo sentiment indices and US consumer confidence data will be eyed.

Danske DailyDanske Bank (pdf)
In Europe the main focus will be the IFO business survey in Germany... a flood of speeches from ECB board members with Nowotny, Constancio, Coeure, Liikanen and Mersch...US main focus is on consumer confidence for September and CaseShiller house prices for July. Focus will also be on the Senate’s proposal for a bill to fund the federal government in the new fiscal year but a vote is not expected until Wednesday.

Market comment: Draghi fuel expectations of a new LTRONordea
Bunds rose on Draghi comment * Dudley indicate tapering plan still on * Watch German Ifo, US consumer confidence today * Draghi: The ECB could use another LTRO to keep money market rates in check * Remarkable outcome of the German election

Maailmantaloudessa kasvun merkkejä * Tänään Saksan IFO-indeksi

AamukatsausTapiola (pdf)

Osakemarkkinat eilen laskussa, euroalueen epäyhtenäiset ostopäällikköindeksit eivät riittäneet nostamaan tunnelmia. Tänään julkaistaan Saksan talousluottamusta mittaava IFO-indeksi. Osakefutuurit nollassa, indikoiden tasaista avausta OMX HEX:iin. One-on-One tapaamisten kommentit: Positiivinen: Aktia ja Cramo. Neutraali: Suominen, Sanoma, Cargotec, Finnair.
Negatiivinen: Outokumpu.


FT column: Merkel is Europe’s misunderstood visionaryThe World / FT

Hugo Dixon: Euro zone needs anti-boom activismReuters
A big problem with the euro zone's one-size-fits-all monetary policy is that it risks fitting nobody. That, indeed, was a key cause of the crisis.

There’s much less time to avoid a government shutdown than you thinkWonkblog / WP
In theory, the deadline for avoiding a government shutdown is 11:59 p.m. Sept. 30. That gives Congress seven days to figure something out. But those seven days are, at this point, pretty much spoken for.

A failure of Fed communication policyHumble Student

BOJ's aggressive QE finally brought down JGB yieldsSober Look