Roundups
News roundup – Between The
Hedges
The 6am Cut London – alphaville
/ FT
Emerging Markets
Headlines – beyondbrics
/ FT
Asia Morning MoneyBeat: Closure Creates an Investor
Opening – WSJ
Europe Morning MoneyBeat: Markets Keep Faith With DC,
Just – WSJ
MORNING BRIEFINGS
The EU Sentix Investor
Confidence Index, followed by two US numbers—Gallup's Consumer Spending Index and Ameritrade’s
Investor Movement Index (IMX)—are on today's shortlist of numbers to watch.
European markets are
likely to open lower Monday amid worries over US budget deadlock. Traders will eye today’s
Eurozone Sentix confidence data for further cues. Meanwhile, the World Bank
lowered its growth outlook on China and developing East Asia.
Danske Daily – Danske
Bank (pdf)
Focus continues to
be on negotiations about a temporary funding bill for the 2014 budget-year and
raising the debt ceiling before 17 October. The House and Senate are not
scheduled to be in session today and no meetings are planned.
Bond yields rise on
Friday – bonds should find support again today * No quick end seen in US political deadlock * Eagerness for reforms in Japan already waning? * Banks continue to repay the
ECB – excess liquidity approaching EUR 200bn * Uncertain data calendar ahead * US
set to sell a lot of debt despite the looming debt ceiling
Aamukatsaus – Nordea
USA:n lokakuun
työllisyysluvut uhattuna! * EURUSD korjasi alaspäin * Tänään euroalueen
sijoittajien luottamusindeksi
Aamukatsaus – Tapiola
(pdf)
Osakemarkkinoita painavana teemana jatkuu
USA:n velkakattokiista, johon ei löytynyt viikonloppuna ratkaisua. USA:n
tuloskausi käyntiin kuluvalla viikolla, huomenna raportoi Alcoa. Suomessa
tuloskauden aloittaa keskiviikkona Basware. Nokian Renkaiden perjantain
tulosvaroituksen jälkeinen kurssireaktio oikean suuruinen. Venäjän ja ruplan
kehitys on riski myös Tikkurilalla, YIT:lle ja Stocmannille. Osakefutuurit nyt
aamulla miinuksella, indikoiden laskuavausta OMX HEX:iin.
EUROPE
Book Review: The Single Currency and European
Citizenship: Unveiling the Other Side of the Coin – Europp
/ LSE
Bone meets meat – ibexsalad
The second big story
that accompanied the run-up in Spanish yields through spring and summer of 2012
was the supposedly massive exit of foreigners from the Spanish government bond
market.
It could easily take
until December or even January until the new German coalition government will
be in place (probably a Grand Coalition of Merkel’s CDU/CSU and the SPD).
UNITED STATES
Are You Ready for The Start of A New Earnings
Season? – EconMatters
SHUTDOWN
/ DEFAULT
Politicians who think
this will help balance the budget will soon realize that the collapse of tax
revenue from either of these outcomes will far outweigh any supposed
improvements in fiscal discipline.
Goldman Fears "Rapid Downturn In Economic
Activity" If Debt Limit Breached – ZH
Hitting the Ceiling: Disastrous or Utterly
Disastrous? – Krugman
/ NYT
Shutdown Update and Schedule – Calculated
Risk
1) the shutdown was
caused by groups making non-negotiable demands, 2) the shutdown will be
expensive, and my guess is 3) the shutdown will probably end before Congress
goes on recess (Oct-11)
We Are Now At War With Eastasia, I Mean The
Deficit – Krugman
/ NYT
Wishing for US debt ceiling train wreck – Sober
Look
How long will it take
for the US Treasury to run out of funds if the October 17th deadline comes and
goes without an increase in the debt ceiling? The answer is - less than a
couple of weeks.
ASIA
The World Bank cut its
2013 growth forecast for developing East Asian economies to 7.1% because of
slower growth in China and other nations in the region.
Real Japanese Government Bond Yields Turn
Negative – WSJ
OTHER
FX Comment: blind spot – Nordea
Global Macro Update – Short
Side of the Long
A Closer Look At The
VIX –
Short
Side of the Long
Get set for the
relief rally – Humble
Student
Rising Global
Manufacturing Momentum Nears An Inflection Point – ZH
The Market Today:
What's Working And What Isn't So Far In 2013 – ZH
What we need from the IMF/World Bank meetings – The
A-list / FT
6 Key Investment
Themes For The Next Decade – Asia Confidential
Asia outbound tourism * Privatisation of state-owned assets * Low to
mid-end consumption * Gold * Agriculture * Infrastructure
FINNISH
Kannattaako "taloususkonnosta"
tietää yhtään mitään?
– Henri
Myllyniemi
Talouspoliittisia ihmiskokeita – Tyhmyri
Euroalueen
talouspolitiikka erityisen tuhoisaa