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Thursday, September 26

26th Sep - EU Open

Previously on MoreLiver’s:

News roundup – Between The Hedges
The 6am Cut London – alphaville / FT
Emerging Markets Headlines – beyondbrics / FT
Asia Morning MoneyBeat: More Questions, More Red – WSJ

Europe Morning MoneyBeat: Listless Start In Prospect, Fed Speakers Abound – WSJ

3 Numbers to Watch: EU money supply, US consumer comfort, US jobsTradingFloor
EU money supply, US jobless claims and the US Bloomberg Consumer Comfort Index are on the shortlist of economic updates to monitor on Thursday.

Market Preview: US GDP and initial jobless claims in spotlightTradingFloor
European markets are likely to open lower on Thursday amid persistent worries over the US debt ceiling issue. Traders will closely monitor today’s revised Q2 US GDP and weekly initial jobless claims data for further cues on the health of the economy.

Danske DailyDanske Bank (pdf)
With the deadline looming on Monday focus in the US will continue to be on the negotiations about an agreement for funding non- mandatory government spending for the new budget-year to avoid a government shutdown...In Europe the most important data is money supply growth for the euro area and not least the data for household and business credit growth released in connection with these data. In addition we have speeches from ECB governing council members Jörg Asmussen and Vitor Constancio

Market comment: the retracement continuesNordea
Another firm session in Bunds and Treasuries * US equities have dropped in five consecutive sessions * EBA’s banking report shows gradual improvement * Macro agenda: French Consumer confidence, US jobless claims and pending home sales * Central bankers on the radar * Watch out for rebalancing needs as quarter end approaches

Erikoista kasvua kestokulutushyödykkeissä * Ruotsin talous yhä yhden kortin varassa * Norjan työttömyysaste nousi hieman

AamukatsausTapiola (pdf)
Osakemarkkinoiden laskuputki jatkui USA:ssa, kun Wal-Martin väitettiin supistavan tilauksiaan. Markkinoiden hermoilu USA:n lähestyvästä velkakatosta kasvaa jälleen, kun velkakaton raja täyttyy arvioilta seuraavan kuun puoliväliin mennessä. Osakefutuurit lievästi plussalla, indikoiden nousuavausta OMX HEX:iin. Cramon suurin omistaja, Hartwall, on myymässä jopa 10% yhtiön osakekannasta.


Resetting ExpectationsTim Duy’s Fed Watch
Policy expectations have been reset; tapering is not expected at the next meeting.  December at the earliest, but even that is questionable.