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Friday, October 11

11th Oct - EU Open: Rally on possible truce

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: Pity the Shorts – WSJ
Europe Morning MoneyBeat: At Last, A Bone From D.C. – WSJ

3 Numbers to Watch: IIF meeting, US shutdown & consumer sentiment TradingFloor
The negotiations on the US government shutdown and the debt ceiling are running out of time and consumer confidence data will surely show a negative reaction. Plenty of talking heads as the annual meetings of the IMF, World Bank and IIF begin.

Market Preview: US lawmakers reportedly nearing debt ceiling dealTradingFloor
European markets are likely to open higher on Friday amid signs of relief as US lawmakers are expected to reach a deal on raising the US debt ceiling. Meanwhile, German CPI and US consumer sentiment data due later today will be eyed for further cues.

Danske DailyDanske Bank (pdf)
In the US the House is expected either today or Saturday to vote on a bill that will temporarily increase the debt limit for six weeks without specific conditions for a framework for negotiating budget cuts. This is a big concession from the Republicans. The House will also be in session over the weeken
d working on a proposal for a temporary funding bill to end the partial government shutdown. The G20
-finance minister and central bank governor meeting in connection with the IMF and World Bank annual meeting in Washington will conclude today. A press briefing is scheduled for 19:30 CET.

Market comment: Markets cheer as debt ceiling might be lifted for weeksNordea
US equities had the best single day since January on potential postponement of debt ceiling * Bond yields also dropped in the US * Bunds expected to be supported this morning with spread tightening for peripherals * French FinMin sound upbeat on Bloomberg * Watch Michigan sentiment and IMF annual meeting

USA:n poliittinen takalukko hellittämässä * Painajainen Champs-Élyséellä * Englannin keskuspankin rahapolitiikka säilyi ennallaan

AamukatsausTapiola (pdf)
Osake- ja hyödykemarkkinat voimakkaaseen nousuun, kun toiveet USA:n velkakattokiistan ratkaisemisesta nousivat. Vaisalalta eilen tulosvaroitus, kun valtioiden kysyntä heikentynyt.
Osakefutuurit plussalla, indikoiden nousu avausta OMX HEX:iin.


Great Graphic: German CPI and PMI Output PricesMarc to Market

The Republicans want to take away Treasury's 'extraordinary measures'. Wait, what?WaPo

Obama to Boehner: No?WaPo

Obama and G.O.P. Fail to Agree on Debt Limit PlanNYT

White House, Republican Meeting "Inconclusive", To Continue Throughout The NightZH

The Republicans’ worst poll yetWaPo

Podcast: The Republican role in the budget battles gripping Washington DCFT