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Saturday, March 29

29th Mar - W/E: Weekly Support

Previously on MoreLiver’s:

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Weekly Scoreboard – Between The Hedges
Friday’s market prices – Global Macro Monitor
US: Small Caps Plunge To Worst Week In 22 Months – ZH

Weekend Reading: March Madness, Wall St. Edition IINYT

Succinct summation of week’s eventsThe Big Picture

[video] The week explainedThe Economist

EM Weekender FT

Schedule for WeekCalculated Risk

Economic CalendarBerenberg

Economic CalendarHandelsbanken

UK Next Week's Agenda and Wrap UpHandelsbanken

Wall Street Week AheadReuters
If hiring picked up in March at a healthy pace, that could convince U.S. stock investors next week that the economy's recent setbacks caused by the weather were only temporary.

5 Things to Watch on the Economic CalendarWSJ
Payrolls roll around again, offering a fresh look at the U.S. labor markets. With the Federal Reserve paying close attention to labor-market developments, the March report will be the only jobs report out before the next policy meeting at the end of April.

EU Week Ahead: Crunch Time for the ECB  WSJ
EU Week Ahead: March 31-April 4: Very, Very Many VIPs WSJ
After U.S. President Barack Obama dropped in this week, you might think European Commission President José Manuel Barroso and his counterpart at the European Council, Herman Van Rompuy would be putting their feet up and thinking about May’s European elections. But no – there’s plenty more dignitaries coming to town.

What Matters for Global Markets in the Week AheadWSJ
Federal Reserve Chairwoman Janet Yellen kicks off the big action later Monday with a speech in Chicago, while on Tuesday Japan raises sales tax in a move that’s expected to deal a blow to the economy, while Thursday all eyes will be on the European Central Bank’s latest policy decisions, after which it’s Jobs Friday with non-farm payrolls in the U.S.

Weekly Focus: We expect the ECB to deliverDanske Bank
Europe:  inflation far below the ECB’s target, March figures likely show a new low of 0.5%. Low level partly due to a technicality related to Easter, so ECB may refrain from acting. We expect the  ECB to ease policy Thursday. The decision will be tight, though, as the economy is recovering. US: non-farm payrolls delivered a positive surprise in February. We expect that 195,000 new jobs in March

Strategy: EM markets bounce on stimulusDanske Bank
EM assets perform despite weak Chinese data and Russia crisis * Peripheral bonds continue their strong performance * US surprise index bounces * Euro activity stronger while inflation is lower
– will the ECB deliver?

Week AheadNordea
The ISM index and the labour market report (NFP) will attract the most headlines in the US. From Europe we will have the flash inflation estimate as well as the ECB meeting.

Editorial: Euro zone rebound confirmed, sentiment improving. Q1 growth is likely to be around 2% annually. EZ: A genuine sign of hope * A positive surprise in Q1? * Will euro scepticism decide the elections? US: Better than weak but still not strong

Scandi markets aheadDanske Bank 
PMI week and divergent monetary policy between Norway and Sweden even more evident

Viikkokatsaus: EKP miettii hidastuvaa inflaatiotaNordea
Tällä viikolla: Työmarkkinadataa Yhdysvalloista * EKP ei kajoa korkoihin * Euroalueen inflaatio hidastuu lisää? Viime viikolla: Luottamusmittarit lähelle odotuksia * Kehysriihi painottui liikaa verojen korotuksiin

Weekly Market SummaryThe Fat Pitch
Entering 2014, analysts and pundits were expecting a repeat of 2013 (post). Things haven't turned out the way they expected. Investors have been massively underweight both commodities and fixed income, both of which have massively outperformed; and they are overweight equities, especially technology and small caps, which have declined.

Weekly Credit UpdateDanske Bank
Another week of strong primary market activity * Strong credit sentiment, despite increased geopolitical risk
Weekly Market OutlookMoody’s
Higher Treasury Yields Slash Offerings of Lower-Rated Bonds

Market Data HighlightsMoody’s Analytics

Euro rates update - Nordea

FX Outlook: Greenback Mixed for Start of Q2Marc to Market
Four notable developments in FX: EUR pulled back from the attempt seen earlier this month on the $1.40 level * GBP has recouped more than half of what it lost this month * USD has moved to the upper end of its two-week trading range against the JPY * The USD-bloc has powered ahead. 
EMEA Weekly: IMF to unlock USD27bn for UkraineDanske Bank
Emerging Markets: The Week AheadMarc to Market

EM FX: Looking for bright spotsNordea
After three sell-off rounds, several devaluations and a near-miss war, things seem to have taken a turn for the better in the Emerging Market universe and investors look for the bright spots.

EM Week Aheadbeyondbrics / FT

A great deal of economic data is released this week, including closely-watched China PMI numbers for the month of March, which are expected to give further insights into how the world’s second largest economy performed in March – expectations are for a further slowdown in growth. The big political events include a presidential election in Afghanistan and for prime minister in Hungary. Watch out too for a decision by Gazprom on Tuesday, which could see gas prices from Russia to Ukraine raised.

Economic Calendar –
Economic Calendar – BB
EU calendar –

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