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Tuesday, December 8

8th Dec - A day for risk-off



Previously on MoreLiver’s:

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EUROPE 
Poland and Hungary Blocked EU – euinside
The change in course towards euroscepticism in Poland is already strongly felt at European level.

Reader’s guide to leaked migration communiqué – FT
 

OTHER
FX Forecast Update – Danske Bank
'ECB light' leaves currencies range-bound

China: mixed reasons for falling trade – Nordea
Japan: no recession anyway – Nordea


REGULARS
Morning MoneyBeat Asia – WSJ
U.S. Stocks Drop as Oil Hits Multi-Year Lows

Morning MoneyBeat Europe – WSJ
Stocks Trip on Oil Price Spillover

Morning MoneyBeat US – WSJ
This Nasdaq Technical Formation is a Bullish Sign

Danske Daily – Danske Bank

Euro rates update – Nordea

Eye-Opener – Nordea
Oil prices tumble, Asian markets lower, more bleak China numbers * Chinese inflation stays low
Draghi taketh, Draghi giveth – yields lower * NOK weaker on oil hitting yearly low and disappointing key figures

Morning Markets – TF
It took a few days but now that markets are finally waking up to the implications of Opec's paralysis at the Vienna summit Friday oil has caught the nastiest of colds and will struggle to pull out of this tailspin.

Daily FX Comment – Marc Chandler
Dollar Mixed, Equities Head South, Oil Stabilizing

Daily Shot – TF
The reaction to last Friday's Opec meeting has seen WTI prices plunge with oil-dependent currencies and US high-yield bonds floundering in their wake.

Daily Press Summary – Open Europe
Tusk: All member states and EU institutions must show readiness for compromise in UK renegotiation * French Socialist PM urges to vote for the centre-right in three regions to stop Front National * Meetings to continue as eleven EU countries once again fail to agree on financial transactions tax * New report: Sweden should be “active player” in UK’s EU reform bid * First Schengen zone fence goes up on Austria’s border with Slovenia * Greek PM criticises IMF for not having “constructive” approach to bailout negotiations * Eurozone bank resolution fund to get bridge financing in the form of national credit lines * EU to open new chapters in Turkish accession negotiations

Brussels Playbook – Politico
Renzi unplugged — ECOFIN’s acronym city — Brexit backlog

US Open – ZH
Global Stocks, US Futures Tumble As Emerging Market Turmoil Is Set For A Dramatic Comeback

Frontrunning – ZH

FX Update – TF
The collapse in oil prices after last week’s Opec meeting is seeing fresh pressure on the already weak CAD and NOK as USDCAD pulled to 11-year highs yesterday and EURNOK is now staring down the highs for the cycle.

From the Floor – TF
Sliding oil prices stemming from divided Opec's failure to agree on a production cut have spilled over into currencies equities and fixed-income markets and with $35 coming into view for a barrel of WTI crude markets are asking "how low can it go?"


FINNISH
Aamukatsaus – Nordea
Teollisuuden avainlukuja tulossa * Kiinan vienti ei vedä * Raakaöljyn hinta laski alimmilleen lähes seitsemään vuoteen * Japanin talous kasvoi sittenkin Q3:lla

Suomen tavaravienti lokakuussa -11 %, paljon odotettua huonompi – Nordea

Karlo Kauko: Yleisö loi pankkien rahanluontikyvyn – Suomen Pankki