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Tuesday, April 21

21st Apr - Grexit fears

Previously on MoreLiver’s:

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Can the Eurozone’s Export Evolution Be SustainedWSJ

Great Graphic: Is Contagion Returning?Marc Chandler

Sweden: Improved labour market will not stop the RiksbankNordea

European Banks Are Paid To Borrow As Euribor Goes NegativeZH

France’s Noyer: ECB Bond Buying ‘Very Effective’ So FarWSJ

Greeks React To Initial Capital Controls And The "Decree To Confiscate Reserves" – ZH
Ashoka Mody: The IMF's Big Greek MistakeView / BB
Following "Soft" Capital Controls, ECB Threatens Greece With ELA Cut – ZH

Chinese Economic Outlook "Skewed Heavily To The Downside," BNP SaysZH

Daily Central BanksWSJ
Hilsenrath’s Take: Mr. Dudley Hedges Himself on 2015 Rate Increase * Q&A: India’s Rajan is Looking for More Room to Cut Rates * Fed’s Dudley: Economic Outlook Too Cloudy to Predict Rate Rise Timing * Volcker Outlines Plan for Overhauling Financial Regulation * Ex-Toyota Executive Tapped as New Bank of Japan Board Member

Daily MacroWSJ
There’s near certainty of a Greek default on its obligations and equally high estimates of a Greek exit from the euro – though there’s insistence at the ECB that the former won’t lead to the latter. Yet markets are being supported by vast amounts of ECB liquidity and now fresh infusions from the Chinese central bank alongside growing relief that the Federal Reserve won’t start increasing interest rates this summer.

Danske DailyDanske Bank

Global DailyABN AMRO
FOMC’s Dudley relatively optimistic about US economy going forward and hopeful for rate hike in 2015  *US consumers remain confident signalling consumption growth to rebound after weak start * China lowers bank’s reserve requirements by 100 bp, following further economic weakening in Q1.

Euro rates updateNordea

EURUSD dips as equities recover, ZEW up * Swedish unemployment down * Core rates edge higher on risk rally * RUB falls as CBR increases FX funding cost

Morning MarketsTF
Investors will get another good look at the state of Europe's largest economy today with the German ZEW Economic Confidence release. Consensus expects a strong showing, but traders will have to weigh German strength against Greek risk, especially when looking at the euro.

Daily FX CommentMarc to Market
Within Ranges, Dollar Firms

Daily ShotTF
Greece is staring at the chasm once again as the IMF makes it clear that it is not willing to see any delay in payments and that is only leading to yet more capital flight as the never-ending standoff continues.

Futures Surge On First Chinese State Bankruptcy, Greek Capital Controls And Approaching Default

FX UpdateTF
The euro is under pressure again as news emerges this morning that the ECB is considering tightening the noose on its support for Greece. Elsewhere, USD rally needs wings to impress.

From the FloorTF
Spreading like wildfire across markets this morning was news the the ECB is considering imposing ELA curbs on Greek banks. But while the euro has come under pressure, overall, the response has been surprising mild – so far.

Martin Sandbu’s Free LunchFT
The fear of debt: The problem is not only fiscal

Kiina kampeaa asuntojen hintoja takaisin nousuun |  Saksan ZEW-indeksi julkaistaan tänään | Unkarin keskuspankilta tiedossa koronlasku

Matti Viren: Mistä se noususuhdanne tulee?TE

Raha ja Talous: Tulevan hallituskauden talouspolitiikkaImage

Toiveet kohdistuvat Juha Sipilään ja muihin hallitusneuvottelijoihin – Professorin ajatuksia
Sanna Ukkola: Arvoliberaalien kauhukabinetti – YLE
Jatkojytky ja muita vaalihavaintoja – Takkirauta
Uusi, vihainen vasemmisto – Hannu Visti
Vaalianalyysi vol.2: Pessimisti ei pety – Ulkopolitist
Liberaali Helsinki ja talous – liberalismi kasvaa kun valtio maksaa – Tyhmyri