Google Analytics

Monday, March 21

21st Mar - Tanskanen gets out of the euro closet

Previously on MoreLiver’s:

Follow ‘MoreLiver’ on Twitter

Interview with Peter Praet – ECB
`Helicopter Money' Hurts Banks, ECB's Weidmann Tells Newspaper – BB
Helicopter money could be next step for ECB – TF
ECB Doing Whatever It Takes Can't Make Euro-Area Banks Lend – BB

FX Forecast Update Danske Bank

Yield Forecast UpdateDanske Bank
Global easing move in Q1 keeps downward pressure on yields in Q2

Emerging Markets Briefer: SpringtimeDanske Bank

China's Central Bank Chief Sounds Warning Over Rising DebtBB

Saudi Arabia's Oil Chief Prepares for a World After Fossil FuelsBB

The Time and Place for ‘Helicopter Money’WSJ

FX: gap the mindNordea
Fed allows inflation to overshoot now, but other US data should improve more too - USD positive? History is not so intuitive...Even GBP can outperform USD if global data turns better, Brexit or not.

Danske DailyDanske Bank

Euro rates updateNordea

Praet puts rate cut on the table, UST yields continue to decline, BoE downplays Chinese spillover risks * Fed speeches, Euro-area flash PMI and UK inflation this week * Two-year Treasury yield below December lows * BoE downplay risks of Chinese spillover to UK economy

Morning MarketsTF
There was an upbeat start to the week in some parts of Asia with stocks heading into the green in Shanghai and Hong Kong. Overall though the tone is somewhat subdued as Japan has a bank holiday today and a slew of Western counterparts will be closed on Friday (and Thursday too in some cases) for the Easter break.

Daily Market Comment Marc Chandler
Sterling Slides on Tory Party Discord

Daily Market Comment Macro Man
Bullard goes neo-Fisherian

Daily ShotTF
The Bank of Russia kept its policy rate steady even though inflation has fallen in what amounts to a hawkish stance and the rouble has strengthened on the back of that hawkishness and firmer crude oil prices. Iraq's oil production hit a new high recently and Indian fuel consumption is expected to rival that of China.

Daily Press SummaryOpen Europe
David Cameron suggests low turnout in EU referendum could favour ‘Leave’ camp * CBI claims UK GDP could shrink by over 5% in 2020 in case of Brexit * Migrant boats continue to arrive in Greece as EU-Turkey deal comes into force * New survey: 60% of Irish exporters think Brexit would harm their business * Asset managers welcome EU Commission’s rejection of controversial bond trading rules * UK sugar tax could be in breach of EU competition rules, law firm says * Greece and creditors made “significant progress” in economic reform talks, EU Commission says

Brussels PlaybookPolitico
Turkey — Terror and TV drama

Global Stocks Levitate Despite Ongoing Oil Weakness; China Stocks Jump After Easing Margin Debt


FX UpdateTF
If the USD doesn’t follow through weaker early this week the USD bears may get left high and dry. After all the Fed emptied every chamber against the greenback last week and if that can’t push the USD lower from here it is hard to see what can.

From the FloorTF
The dollar may have found its base to launch a fightback after last week's post-Fed plunge peters out. Elsewhere this is not a good day to have money in Casino Guichard-Perrachon.

Luottamus hienoiseen nousuun * Ruotsin teollisuuden luottamus hieman tasaantuu * Norjan työllisyystilanne on ennakoitua parempi * Venäjän keskuspankki piti korot ennallaan

Nato takaisi turvallisuuden - ”Euron lisäturva puhtaasti uskon asia”HS
Eurosta aiheutuvaa talouden taakkaa ei ole syytä kantaa turvallisuuspoliittisin perustein, kirjoittaa ministeri Antti Tanskanen.

Tuoko euro Suomelle ulkoista turvaa?Peter Nyberg

Suomen kilpailukykyä jäytää neljä ulkoista estettäTalSa
Jan Hurri: Suomen kansainvälisellä hintakilpailukyvyllä on suuria haasteita muuallakin kuin meikäläisissä neuvottelupöydissä. Neljä niistä on Saksa, Ruotsi, Venäjä ja euro.

Ongelma ei syömävelka vaan investointivaje Roger Wessman