Google Analytics

Saturday, May 30

29th May - Neutral data from Europe

Previously on MoreLiver’s:

Follow ‘MoreLiver’ on Twitter

There Will Be No Overhaul of the Euro Area. Just Refreshmenteuinside

Don’t believe the pessimists. David Cameron has a great chance at EU reformOpen Europe
In an op-ed published in The Daily Telegraph, Open Europe's Raoul Ruparel argues some think David Cameron's reforms have no chance of succeeding. Others think Europe is fine as it is. He should ignore both groups.

Juhani Huopainen: Why Greece matters to the other crisis countriesTF
The eurocrisis countries are not OK. The nonperforming loans are encumbering their banks' balance sheets, and not enough has been done to change this. This keeps the crisis countries politically on a tight leash, as creditor countries' political and probably financial support is inevitable. This explains why politicians in Spain and Italy remain loyal toward the EU and why they act passive-aggressively toward Greece. But what happens later this year, when Portugal and Spain hold elections?

Greek exit is ‘a potential’, says Lagarde – FT
Austerity, Economics and Religion – Automatic Earth
Some blame EU Commission for Greek obstinacy in debt talks – Reuters
El-Erian: John Nash's Game Theory and Greece – View / BB
Greece Slides Back Into Recession As Deposits Hit 11-Year Low – ZH
Lagarde, the blame game and Greece – FT

Monetary developments in the euro areaECB

ECB preview: Summer front-loading and QE implementation flexibilityDanske Bank

Goldman Slashes America's Long-Run "Potential GDP" From 2.25% To 1.75% - ZH

US Labour Market: We look for decent job growth again in May - Danske Bank

Q1 GDP review: economy contracted in Q1 but take it easy – Nordea
U.S. economy contracts in first quarter; dollar hurts corporate profits – Reuters 

Daily Central BanksWSJ
Hilsenrath’s Take: GDP Revisions Show Economy Exposed to Shocks * Bullard: Look for New Ways to Counter Weak Growth * Kocherlakota: ‘Mistake’ for Fed to Raise Rates in 2015 * EU official Looks Into ECB Early Disclosures * China to Ease Limits on Overseas Investments

Daily MacroWSJ
With GDP reports out of Europe Friday and the second estimate for the U.S. first quarter due later, we’re getting a clearer picture of how that now-bygone first term came out for the global economy. And it’s becoming pretty apparent that it wasn’t so good.

Morning MoneyBeat AsiaWSJ
Morning MoneyBeat EuropeWSJ
Morning MoneyBeat USWSJ

Danske DailyDanske Bank

Euro rates updateNordea

US economy probably shrank in Q1 - EUR/USD to break out of range on US GDP data * Oil prices dictate direction of longer yields

Morning MarketsTF
The dollar's had a rum run this week but there is one final obstacle it faces in the form of a likely ugly revision to US Q1 GDP. Is the train about to come off the rails?

Daily FX CommentMarc Chandler

Daily ShotTF
Yesterday stocks in Shanghai finally fell after a larger long upswing. Crude oil supply is still to large for prices to increase. In the Eurozone we can clearly see how the uncertainty of stalled negotiations with the creditors is eroding the recent gains in Greek business confidence. But outside of the political risks, the Eurozone economy continues to improve.

Daily Press SummaryOpen Europe
German Vice Chancellor: Not every EU member state needs to participate in every single policy area * Cameron kicks off EU reform tour with visits to Netherlands and France * New poll: 62% of French would again reject EU Constitution in a referendum * Lagarde warns of “potential” Grexit – but says it would not end the euro * ECB warns of concerns over shadow banks and impact of low rates on pension and insurance funds *

Brussels PlaybookPolitico
China's Nauseating Volatility Continues, US Futures Flat Ahead Of Disastrous GDP Report

FX UpdateTF
The USD rally is taking a bit of a breather after its recent strong run, ahead of what will likely be an ugly negative revision to US Q1 GDP. The question is whether traders want to fret the view in the rearview mirror or look ahead to next week’s key US data.

From the FloorTF
With next week's data prints crucial to its direction, the dollar is expected to come through today's expected ugly revision to US Q1 GDP unscathed.

Suomen vähittäiskauppa peruutti | USA:n BKT-lukua korjataan alaspäin | Ruotsin kasvu jatkuu vahvana

Talouskonkari arvioi: Saavatko hallituksen toimet Suomen nousuun?Suomen Uutiset