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 Scoreboard – Between
The Hedges
Friday Risk Monitor – Global Macro Monitor
VIX Sends Stocks To ATH On Lowest Volume Of The
Year, Bond Yields Tumble – ZH
Succinct summation of week’s events – The
Big Picture
Schedule for Week – Calculated
Risk
Economic Calendar – Berenberg
European elections:
watch national repercussions * Eurozone monetary data: any signs of credit cycle
turning * US Q1 GDP: revision to contraction possible
Economic Calendar – Handelsbanken
5 Things to Watch on the Economic Calendar – WSJ
EU Week Ahead – WSJ
Elections, More
Elections, and Ukraine
Weighing the week ahead – A
Dash of Insight
Will a Sluggish
Housing Sector Derail the Economy?
Weekly Market Outlook – Moody’s
Market Data Highlights – Moody’s
Weekly Focus – Danske
Bank
We expect the ECB to
take a significant step at the June meeting by introducing a negative deposit
rate. In our view, another lowering of the ECB's inflation projections is
inevitable and this will result in more easing.
Strategy – Danske
Bank
Good news from main
engine of global growth: western consumers. Recovery and central banks support
risk assets. We still look for spread compression in peripherals despite
correction. Bond yields to reverse next six months.
Week Ahead – Nordea
A calm week ahead in
terms of key events. We have chosen to highlight the European Election, Swedish
GDP, and Norwegian Retail Sales.
EcoWeek – BNP
Editorial: A very political week - Europeans elect their Parliament while Ukrainians
will try to elect their President US:
Minutes of stability EZ: Peripheral
countries doing better, Outlook continues to look brighter France: Richer but not more dynamic Belgium: Challenges surrounding the elections
Northern Lights - Divergent scandi outlook – Nordea
Our monthly
Scandinavian flagship publication is out. In here you find everything you need
to know on Nordeas view on Scandinavian Macro, FX and Fixed Income.
Viikkokatsaus:
Ruotsin BKT laskee – huoli pois – Nordea
Tällä viikolla: Euroalue: Luotonanto kääntyy?
* Ruotsi: BKT kutistui Q1:llä? * Suomi: Luottamus ei heikkene lisää? Viime
viikolla: Eurovaalit * Luottamusmittarit osuivat pääosin odotuksiin
EQUITY
Weekly Market Summary – The
Fat Pitch
Perhaps the dominant
theme currently running across all markets is the fall in volatility. This
week, for example, Jim Bianco noted that bond, currency and stock volatility
are all at lows only seen once in the last 25 years: 2007.
Wall St Week Ahead – Reuters
Whatever investors are
worried about right now, those concerns are not showing up in Wall Street's
fear gauge. That scares some. On the other hand, it more than likely means that
stocks will keep taking things slow and steady.
CREDIT
Weekly Credit Update – Danske
Bank
Indices remained unchanged during the week. A.P.
Moller Maersk presented bullish outlook for 2014. Ireland,
ESB and Bord Gais upgraded by Moody’s. Primary market remains busy.
Euro
rates update – Nordea
Yield
Forecast Update - ECB to introduce negative rates – Danske
Bank
The ECB did not deliver any further easing measures
at the April meeting but Draghi more or less pre-committed to act in June,
although the decision depends on the outcome of the new macro and inflation
projections.
FOREX
FX Outlook: Dollar Poised for Additional Gains – Marc
to Market
The US dollar had a
good week, appreciating against all the major currencies, except sterling,
which was fractionally stronger (0.13%) and the Canadian dollar, which was
flat.
FX Forecast Update - May: 'Draghi's promise' to
weaken the euro – Danske
Bank
In terms of EUR/USD,
the soft rhetoric from the ECB has eased medium- and long-term upside risks to
EUR/USD significantly.
Global FX Strategy - Will the EUR finally drop? – Nordea
Will the potential
rate cut from ECB be the trigger of a EUR selloff versus the USD? Find our
thoughts on that, alongside updated stories on GBP, JPY, RUB, NOK and SEK
EMERGING
EMEA Weekly – Danske
Bank
Just looking at the
inflation numbers – or rather the deflation numbers – it should be clear that
the Hungarian central bank will deliver yet another rate cut at next week’s
monetary policy meeting.
EM Preview: The Week
Ahead – Marc to Market
OTHER
New Financial Forecasts – Nordea
We have made a number
of changes to our new financial forecasts. The most prominent is that we now
forecast rate cuts from the ECB in June and have lowered the entire ECB path.
The new ECB forecast implies even lower EUR rates, a widening transatlantic
spread, and a slightly lower EUR/USD in the near term. We have also changed our
forecast for the Riksbank and the SEK, and we have made a number of adjustments
to EM FX forecasts.
CALENDARS
Economic Calendar – investing.com
Economic Calendar – BB
EU calendar – europa.eu
Markkinakalenteri – Nordnet
Markkinakalenteri – Taloussanomat