Here are the links to
the weekly roundups, reviews and also previews of the beginning week. Last
week's 'Support' here.
Previously on
MoreLiver’s:
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Friday Close
Market Prices – Global
Macro Monitor
Stocks Suffer Worst
Week In 19 Months; Dow Gives Up All "Taper" Gains – ZH
Weekly Scoreboard – Between
The Hedges
The Economist’s Weeklies:
The Weekender – beyondbrics
/ FT
Succinct summation of week’s events – The
Big Picture
NEXT
WEEK
EVENTS
Schedule for Week – Calculated
Risk
Economic Calendar – Berenberg
Fed meeting: gradual
QE tapering * US and UK GDP: strong growth in Q4 2013 * Germany Ifo business
confidence: good start to 2014 * Eurozone inflation and credit data: very
subdued
Economic Calendar – Handelsbanken
UK Next Week's Agenda and Wrap Up – Handelsbanken
Wall Street Week Ahead: Stocks may fall again
as Fed stays course – Reuters
U.S. stocks could be
set for another selloff next week as the Federal Reserve is expected to
announce it will keep withdrawing its economic stimulus, further pressuring
equities already roiled by a flight from emerging markets.
5 Things to Watch on Economic Calendar – WSJ
Reports on housing,
factory orders and consumer optimism. The main show will be the Federal Reserve
meeting on Tuesday and Wednesday but the State of the Union could include
mention of economic topics
What Matters in the
Week Ahead for Global Markets – WSJ
Europe’s Week Ahead:
EU Unemployment, U.K. GDP And The Fed – WSJ
Weighing the Week
Ahead: What is the Market Message? – Dash
of Insight
The week ahead
features a real free-for-all with plenty of data, Fed news, and earnings
results. After weeks of a data drought, there is finally something to savor… The
market action has taken center stage, with everyone trying to infer the message
from the 2.6% decline in the S&P 500.
Kalenteri Viikko 5 –
Nordea
Vladimir Putin comes
to Brussels for a regular summit meeting with EU-Russian
relations strained across a number of fronts.
Key events in the week
ahead by Goldman Sachs – ZH
STRATEGY
Weekly Focus:
Emerging markets wobble again – Danske
Bank
US Fed to cut its
monthly bond purchases by an additional USD10bn despite the disappointing labour
market report in December, GDP probably expanded a solid 3.5% q/q annualised on
the back of strong private consumption. EZ
attempt to fit the last pieces in the banking union puzzle in connection
with next week’s euro group meeting. China
could face the first ever default on a trust product next week and how well it
is handled could prove important for financial markets. Japan, increase in inflation slowed in December, underscoring that the
last push towards reaching the 2% inflation target will be difficult.
Week Ahead – Nordea
The Fed meeting on
Wednesday will be on top of the agenda next week. Will the Fed continue to
scale down their asset purchases or not? This alongside the Q4 GDP report from
US, HICP inflation from the Euro area and the Ifo survey from Germany coming up.
Strategy: Risk
markets in correction mode as EM wobbles again – Danske
Bank
Risk markets vulnerable in the short term as EM woes return * The Fed is
on autopilot for now * Risk of further decline in core bond yields in the short
term * Rising probability of ECB cut in February or March as money market
tensions intensify. Euro area growth continues to surprise on the upside while
China disappoints.
Scandi Markets Ahead – Danske
Bank
Bond auctions and Scandi currencies exposed if EM crisis develops
further
Viikkokatsaus: Fediltä uusi taapero – Nordea
Viime viikko:
Heikohko PMI Kiinasta – Yhdysvallat ja euroalue lunastivat odotukset * Kiinan
BKT (Q4) osui odotuksiin Tuleva viikko: Fediltä
uusi taapero (ke) Q4 BKT-lukuja (Yhdysvallat + UK) Euroalueella katseet
inflaatiossa (pe)
CREDIT
Weekly Credit Update – Danske
Bank
High issuance activity and strong investor demand continues. Rally in
eurozone periphery debt markets with yields at post-crisis low
Euro Rates – Nordea
FOREX
FX Outlook – Marc
toMarket
The biggest move, over
the past week, among the major currencies, was the short squeeze that lifted
the Japanese yen
EMERGING
Ukraine: politics
weigh on economy * Sell-off in rand puts pressure on the SARB
EM Preview: The Week
Ahead – Marc to Market
EM Week Ahead –
beyondbrics / FT
It has been a very
challenging start to 2014 for global emerging markets and the kind of turmoil
we saw in 2013 has spilled over into 2014.
EM FX: Strong headwinds ahead – Nordea
Plenty negative news
from Emerging Markets this week, which caused the EM FX to weaken across the
board. Looking ahead a few weeks, uncertainty regarding EM will remain elevated
in Argentine currency market, Chinese shadow banking sector and political
crisis in Turkey and Thailand.
OTHER
Significantly lower global growth in H2 2014 * Asia growth to be
adjusted down 100-200 bps * Abenomics running out of steam before April VAT
hike
Fed QE to end in 2014 – first rate hike next year. ECB the heat is on... again Riksbanken
no further rate cuts Norges Bank two
rate cuts Nationalbanken in raised
state of alert USD rates tapering
has finally arrived EUR rates rise
in short rates more than year-end. USD short term risks, bullish medium to long term GBP expected strengthening moved forward JPY strength on macro uncertainty CHF
stable SEK strong momentum in
2014 NOK gone too far. Revisions to CNY and TRY. Oil tales of the unexpected, downside risk H1
CALENDARS
Economic Calendar – investing.com
Economic Calendar – BB
EU calendar – europa.eu
Markkinakalenteri – Nordnet