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Friday, September 27

27th Sep - EU Open



Previously on MoreLiver’s:

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Roundups
News roundup – Between The Hedges
The 6am Cut London – alphaville / FT
Emerging Markets Headlines – beyondbrics / FT
Asia Morning MoneyBeat: U.S. Stocks Off the Schnide – WSJ
Europe Morning MoneyBeat: Stocks Inch Up With One Eye On Washington – WSJ


MORNING BRIEFINGS
3 Numbers to Watch: EU confidence, US income, spending, sentimentTradingFloor
The divergence between European and US confidence is growing because of a risk of government shutdown and even default - just like in 2011. Luckily, the PCE-inflation measure should give the Fed more time to think about tapering.

Market Preview: Crucial events in Europe and US eyedTradingFloor
European markets are likely to open higher on Friday. Investors will eye today’s EU sentiment indices and German CPI for further cues. Also, news flows from the Italian political arena and US budget negotiations are likely to alter risk sentiment.

Danske DailyDanske Bank (pdf)
Europe: Germany’s SPD decides whether it will enter into talks with CDU/CSU about a grand coalition government and on what conditions. Draghi speaks. US: attempts to secure an agreement on the temporary funding bill for the new budget year starting on Tuesday to avoid a government shutdown. Four Fed speakers.

Market comment: the budget farce continuesNordea
Relatively quiet session in core govies * The US budget negotiation farce continues
* Is a new political crisis in Italy on the way? * Euro area loan demand still on the weak side * Loaded macro-economic agenda * Draghi and voting FOMC troika Evans/Rosengren/Dudley are scheduled to speak * Italy to sell up to EUR 6bn 2018 and 2024 bonds * US mid-curve segment looks attractive

AamukatsausNordea
Matelevasta luotonannosta paineita EKP:lle * USA kriisin partaalla * Italiassa poliittiset riskit koholla

Aamukatsaus – Tapiola (pdf)

MarkkinakalenteriNordnet
MarkkinakalenteriTaloussanomat


EUROPE
Benoît Cœuré: The usefulness of forward guidance ECB

Italy on Verge of Downgrade to Junk; Silvio Berlusconi’s Supporters Threaten Mass Resignation from ParliamentMish’s

UNITED STATES
Budget Battle Q&As and Dates to WatchWSJ

Where Is the Panic Over Deflation?View / BB

FINNISH
VATT:n Vartiainen hakee VM:n kansantalousosaston päälliköksiVerkkouutiset

Osakeasuntojen hinnat lähes ennallaan elokuussa – Tilastokeskus
Kuluttajien luottamus lähes ennallaan syyskuussa – Tilastokeskus