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Thursday, October 3

2nd Oct - US Close: Italy "saved", ECB sits

Previously on MoreLiver’s:

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Roundups & Commentary
Markets – Between The Hedges
Daily Risk Monitor – Global Macro Monitor
The Closer – alphaville / FT
US: Shutdown Euphoria Rotates To Safety Of Bonds And Bullion – ZH

Euro rescue fund set to debut amid Italy jittersReuters

Berlusconi Flips, Says Will Support Italy's GovernmentZH
Letta Wins Confidence Vote After Berlusconi SupportWSJ
Berlusconi U-turn secures government survivalReuters

Fed’s Rosengren: Must Not Cut Stimulus PrematurelyWSJ

Economic damage from the shutdown? Small to start, say forecastersMacroScope / Reuters

Economists React: Shutdown Modest Hit, or Prelude to Economic Shock?WSJ
A brief government shutdown is expected to have only a modest direct impact on the U.S. economy. The furloughs are likely to knock 0.1 to 0.2 percentage point off the annualized rate of fourth-quarter economic growth for each week that it lasts. (That excludes any hit to the private sector and overall confidence.)

Debt Ceiling Watch (II): October 2Econbrowser

Stocks and the Shutdown in Four ChartsWSJ

Government Shutdown: Where Do We Go From Here?ZH

How to Track the Economy During A Government ShutdownWSJ

BoJ Preview: No additional easing, yetNordea

BOJ Beat: BOJ Wins Round 1, But Clash With Economists Goes OnWSJ

Some Clouds Creep Into Global OutlookWSJ
Upward momentum in business surveys has stalled. Official data haven’t mirrored market euphoria. And, after their August surge, commodity prices have turned down again. What’s more, that’s not even factoring in some of the more awkward recent political developments.

Investment Outlook October 2013PIMCO
William H. Gross: Survival of the Fittest?