Google Analytics

Friday, April 10

10th Apr - USD up, DAX up

Previously on MoreLiver’s:

Follow ‘MoreLiver’ on Twitter

Europe faces more than a Greek tragedyFT
Debt crises have distracted from the structural flaws and political challenges that imperil the euro

Iceland’s daring raid on fractional reserve banksFT
Reykjavik considers wresting money creation from financial sector

Special report: Britain's electionThe Economist

ECB preview: Time to implement QE, not to change itNordea
From the ECB meeting next Wednesday we expect neither new policy initiatives nor tweaks to existing programmes. The Q&A session will probably focus on Greece and how the ECB could adjust QE if needed. But as public sector bond purchases only started a month ago, we don’t expect ECB President Draghi to seriously enter into a discussion about what to do next. The ECB’s confident message is not set to do anything to reverse the firm downtrend in long Bund yields towards zero.

Daily Central BanksWSJ
Douglas’s Take: U.K. Elections Bring Reminder of Political Risk * U.S. Chides Europe, Japan for Overreliance on Monetary Policy * IMF’s Lagarde Calls for More Central Bank Easing * WSJ Survey: Economists Think Fed Will Wait Until September to Raise Rates * Indonesia Takes Steps to Stem Flight of Foreign Cash

Daily MacroWSJ
The dollar is back on an upward track. That reflects the idea that although the U.S. economy clearly slowed in the first quarter, it is fundamentally heading in a different direction from the rest of the world. Industrial-production data out of France and the U.K. on Friday weren’t disastrous, but they underscored the weakness in the second- and third-biggest economies of Europe.

Danske DailyDanske Bank

Global DailyABN AMRO
World trade and global GDP growth have weakened recently after climbing last year…but the global PMI survey and fundamentals suggest they will regain momentum * Initial jobless claims beat expectations, suggesting the US job growth will recover

Euro rates updateNordea

Greece and US labour market spur a bit of fresh optimism * Greece pays up * German Bunds in new intra-day lows * EUR/USD is now likely to test new lows

Morning MarketsTF

Daily FX CommentMarc to Market
Dollar Extends Gains, though Yen Holds Own

Daily ShotTF
Late 2014 and early 2015 may have dragged Russia through a perilous combination of collapsing oil and geopolitical unrest, but Russian markets and the rouble are returning to life this spring, and investors are eager to get in on the action.

Daily Press SummaryOpen Europe
Finnish Finance Ministry steps up contingency plans for a Grexit * Swiss will need to vote again, says EU official in charge of free movement negotiations * Ukraine sets sights on joining NATO * Nordic states pledge military cooperation to tackle Russia threat - but EU divided on sanctions * National Front leader Marine Le Pen announces disciplinary procedure against her father *

Asia Superbubble Unstoppable: Hong Kong Up 10% In Past Week; Soaring Dollar Pushes Euro Back Under 1.06

FX UpdateTF
The USD continued to pull higher yesterday, though much of this was about EUR and GBP weakness as the JPY and some of the G10 smalls managed some resiliency. Today’s focus is around the edges of the majors with data from the UK, Norway and especially Canada.

From the FloorTF
There's been a strong rebound in European equities, with the DAX in particular trading higher this morning.

Martin Sandbu’s Free LunchFT
What does Syriza want? Fight "neoliberalism" from within the euro or leave it altogether?

Aamukatsaus Nordea
Mikä saisi EKP:n kiristämään rahapolitiikkaansa? |  Iran-sopimus jarruttaa öljyn hinnannousua | Kreikka maksoi lainaerän IMF:lle

Työvoiman tarjonta ei vain tilastonumeroRoger Wessman

Teollisuustuotanto helmikuussa -5,1 YoY – Tilastokeskus
Teollisuuden uudet tilaukset helmikuussa -5,5% YoY – Tilastokeskus

Soini tähtää hallitukseen kolmanneksi pyöräksiYLE
Ison jytkyn jälkeen persupomo on piiskannut puoluettaan hallituskelpoiseksi. Sillä on ollut hintansa, kirjoittaa politiikan erikoistoimittaja Pekka Ervasti

Eduskuntaan suunniteltu keskustelutilaisuus peruttiin – perusteena Supon uhka-arvio – YLE
Heinäluoma sulki ovet perussuomalaisten tilaisuudelta: ”Pöyristyttävää” – Suomen Uutiset
Kansanedustaja pöyristyi: Vilks-tilaisuus kiellettiin eduskunnassa Supon uhka-arvion takia – IS
Seppo Tiitinen otti vastuun perumisesta – ” kohta pommit paukkuu” – IS

Mallia maahanmuuttoonSampo Terho