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Saturday, April 5

5th Apr - W/E: The Weekly Support




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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Weekly ScoreboardBetween The Hedges

US: Nasdaq Crashes Most Since 2011, Stocks Tumble From Record HighZH

Weekend Reading NYT

Succinct summation of week’s eventsThe Big Picture

[video] The week explainedThe Economist
A Supreme-Court ruling in America, Turkey's elections and a government reshuffle in France are three important stories that made the news this week.

Schedule for WeekCalculated Risk


Kiron Sarkar Weekly ReportThe Big Picture
 
Economic CalendarBerenberg
Bank of England decision: on auto-pilot * Chinese trade data: some stabilization * European industrial production data: mild winter helps

Economic CalendarHandelsbanken

UK Next Week's Agenda and Wrap UpHandelsbanken

Wall Street Week Ahead – Reuters

5 Things to Watch on the Economic CalendarWSJ
The week following a payrolls report typically has a “denouement” feel to it, and the week ending April 11 isn’t much different. But those interested in the Federal Reserve will still have a few reasons to pay attention. Watch for meeting minutes, speeches and a Fed-important look at labor-market churn.


EU Week Ahead April 7-11: Iran Nuclear Talks, ECB TestimonyWSJ
After two weeks of terrible traffic jams in Brussels due to top-level visitors it’s time for the EU capital to enjoy a week of normality.


What Matters for Global Markets in the Week AheadWSJ
The minutes from the latest meeting of the Federal Reserve are sure to attract attention Wednesday, while there are meeting from both the Bank of Japan and the Bank of England this week. A plethora of economic data detailing the current strength of the Chinese economy is also likely to cause market ructions.


Key Events In The Coming WeekZH
There is a reasonably quiet start to the week before we head into the highlights of the week including the start of US reporting season tomorrow, FOMC minutes on Wednesday and IMF meetings in Washington on Friday.



Central Banks Calendar for Week - WSJ



Weighing the Week Ahead: Fluff or Fundamentals?A Dash of Insight
The contrast between the economic fundamentals (and impending earnings results) and the "soft" stories will be the dominant theme during the upcoming week.
Weekly Market OutlookMoody’s
Tight Credit Spreads atop Extremely Low Yields Dispute Consensus on Rates (free registration required)

Global Outlook: Steady but Weak GrowthMoody’s
Odds are improving for a global upturn by year's end and a return to trend growth by 2015 * More relaxed fiscal policies are supporting recovery in Europe, but the region is vulnerable to external shocks * Severe joblessness has depressed European wages, creating an environment conducive to deflation * A bank resolution scheme will relieve Europe's national governments of sole responsibility to rescue or unwind troubled institutions * China is restructuring its growth model while trying to contain fallout from years of financial excess * Depreciating currencies and stimulus programs should lift emerging economies.
(free registration required)

Global summary: post-crisis recovery firming in 2014Berenberg
Outlook 2014: The sweet spot of the cycleBerenberg
Financial crisis fades = monetary stimulus lifts the real economy * US: fiscal drag over, economy responds strongly to low rates * China: sufficient growth, risks well contained * Emerging world: some good, some bad; tapering no longer a surprise * Japan: a flash in the pan? * Eurozone: tail risks recede, huge structural progress, upswing on track * Britain: back to boom-bust? * Tail risk: war in Ukraine?

Weekly Focus: Low inflation supports lower Swedish ratesDanske Bank
After significant economic and financial uncertainty early this year, optimism is again returning to the financial markets – both in Europe and in emerging markets, where equities are again rising

Strategy: Recovery optimism is backDanske Bank
Markets positioning for re- acceleration in growth * US and China to gain speed in coming quarters * Upward pressure on yields from recovery and bottom in inflation * EUR/USD has peake

Week Ahead: Lots of central bank action – Nordea
US: FOMC minutes on Wednesday expected to indicate that tapering will likely continue in measured steps, and that a rate hike is not imminent. It seems that hawks and doves alike want to wind down the QE programme, with the only difference being the pace of tapering. Euro area: Industrial production for the major Euro-area countries, starting with Germany and Spain data on Monday. PMIs – unreliable as they are – in general pointing towards an increase in output. Germany and Spain will deliver final inflation numbers for March, and France the first estimate. UK: The MPC on Thursday most likely an non-event. Japan: First BoJ meeting since consumption tax hike. Governor Kuroda has made it crystal clear that he is ready to act if growth slides more than expected. However, this is not likely to happen. Sweden: Expect a dovish tone on Wednesday, though no rate cut from the Riksbank, as that the bank will probably revise down its inflation forecast.

EcoWeekBNP
Editorial: The transatlantic dove. The ECB does nothing but talks more dovish comments ? Jeremy Stein resigned from the Fed The EUR/USD is left untouched * Portugal: finally rewarded? * US: slack remains * ECB: matching actions to words * Japan: Abenomics shifts investors’ preferences * UK: A stubborn current account deficit



Scandi markets aheadDanske Bank
Low Swedish inflation, but no cut this week. Inflation at target in Norway and new 10Y NGB auction.


Viikkokatsaus: Vahvistuuko ulkomaankauppa meillä ja muualla?Nordea
Tällä viikolla: Ulkomaankauppaa ja teollisuuden tuotantoa, inflaatiolukuja. Suomi: Vienti ja teollisuuden lukuja. Viime viikolla: Työmarkkinat parantavat USA:ssa, EKP harkitsee lisätoimia, Euroalueen inflaatio hidastui lisää


  EQUITY

Weekly Market SummaryThe Fat Pitch

  CREDIT
Weekly Credit UpdateDanske Bank
Risk-on market sentiment and tighter credit indices. Euro rates down after ECB meeting despite no new easing measures being announced. Issuers continue to print as 'sell-side' warns over risk-return for junk bonds.

Euro Rates UpdateNordea

  FOREX
FX Outlook Marc to Market

The dollar's technical tone has improved against the complex of European currencies, but it remains soft against the dollar-bloc.
 
  EMERGING
EMEA Weekly Danske Bank
The crisis in Ukraine has made NBP reconsider monetary tightening

Emerging Markets: The Week AheadMarc to Market



The weekender, April 5FT
The week in emerging markets, including our most read, five things we have learned and some long reads for the weekend. Plus the week in a chart: Chinese financial stocks


The week ahead, April 6 – 13FT
It’s election week in EM. Hungary kicks off with parliamentary elections today, then on Monday the Indian electoral marathon begins. Indonesia follows with another immensely complex election on Wednesday. And let’s not forget the tiny nation of Niue’s assembly election on Saturday and Macedonia’s presidential poll on Sunday April 13.

CALENDARS
Economic Calendar – investing.com
Economic Calendar – BB
EU calendar – europa.eu
MarkkinakalenteriNordnet
MarkkinakalenteriTaloussanomat

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