Google Analytics

Wednesday, June 24

23rd Jun - Even more "Hope", but no results

Previously on MoreLiver’s:

Follow ‘MoreLiver’ on Twitter

The Problem With a Small EuropeProject Syndicate
Presiding over Germany’s unification in the nineteenth century, Otto von Bismarck demonstrated how to use crises to force his preferred outcome – a practice that the leaders of Europe’s creditor countries seem to be emulating today. The difference is that Bismarck’s preferred outcome actually enhanced European stability.

Greece is a sideshow. The eurozone has failed, and Germans are its victims tooThe Guardian
Aditya Chakrabortty: The single currency has driven down wages across the continent and hit workers in its leading economy the hardest

The Major Eurozone Reform To Start after the UK Referendum euinside

What does the Five Presidents’ report mean for the future of the euro? Europp

Grexit? Buy, Buy, Buy – WSJ
Europe’s Greece-Proof Economy – WSJ
Greek News Could Open Floodgates for Bonds — SocGen – WSJ
Greece: Better Than Expected, But Still Not Good News – PIIE
Tsipras Faces Party Revolt In Bid To Push Debt Deal Through Parliament – ZH
David Marsh: Whatever happens to Greece, it will end in contagionMarketWatch
Europe is destroying Greece’s economy for no reason at all – WaPo
Last Greek thoughts – John Cochrane
Juhani Huopainen: Worst-case scenario is tolerable, so be bullish – TF
Probability of a Grexit Contagion – Econmatters

Daily Central BanksWSJ
Hilsenrath’s Take: The Fed Could Misfire Again on Its Unemployment Projections * Yellen Seeks Assurance on Handing Over Information-Leak Details * Greek Proposals Lift Hopes of Deal * BOE’s Cunliffe Anticipates U.K. Productivity Pickup * China Local Debt Bailout

Daily MacroWSJ
Eurozone Still Not Out of the Woods on Greece

Morning MoneyBeat AsiaWSJ
Greece Hopes Lift Stocks, Dent Treasurys

Morning MoneyBeat Europe WSJ
Hope of Greek Deal Set to Steady Stocks Again

Morning MoneyBeat USWSJ
Housing Showing Signs of Recovering

Danske DailyDanske Bank

Global DailyABN AMRO
The eurozone composite PMI rose to its highest level since May 2011 in June … * … suggesting that the eurozone economy has remained unaffected by the Greek crisis so far * US business investment picks up in May, showing better prospects for the US economy

Euro rates update Nordea

Euro-area PMIs to signal weakness EUR hinges on recovery Scandies to firm more

Morning MarketsTF
Factory activity in China remained weak in June, with the HSBC flash PMI data showing some improvement from May, but still indicating contraction for the fourth month in a row.

Daily FX Comment Marc Chandler
Dollar Comes Back Bid

Daily ShotTF
China's stock markets seem to be decoupling not only from global markets, but also from domestic events as the Shanghai Composite index continued to tumble (it staged a recovery later) despite a better-than-expected PMI to take its current plunge to the 15% mark in just over a week.

Daily Press SummaryOpen Europe
Cautious optimism as new Greek proposals seen as basis for possible deal

Brussels Playbook Politico

US Open ZH
China Soars 7% Off The Lows, Global Stocks Continue Rising On Ongoing "Greek Deal Optimism"


FX UpdateTF
Despite the sudden change of tone in the negotiations between Greece and its creditors, EURUSD finds itself suddenly testing key support amid broad USD strength. Does this suggest that long suffering USD bulls may see a ray of light here?

From the FloorTF
Market sentiment early Tuesday is pointing to a Greek deal, but nothing has been signed just yet. The optimism, however, is being felt across asset classes as a broad-based wave of risk-on washes over world markets.

Aamukatsaus Nordea
Norja: Korko alas – ja nokka kohti uusia pettymyksiä | Kreikka-neuvotteluissa edistystä | Euroalueen korkoerot kaventuivat selvästi

Pertti Haaparanta: Saskattaisiko vai itkettäisikö?Akateeminen talousblogi

Simon Elo: Eliitti haluaa tehdä eurosta liittovaltion sydämenUS

Kreikan ja velkojien välillä toivoa sovusta, pankkijärjestelmää uhkaa luhistuminenSuomen uutiset