Another Monday, another US open.
Previously
on MoreLiver’s:
25.8. Weekender: Weekly Support (still updating!)
Roundups & Commentary
US Opening News And Market Re-Cap –
Ransquawk / ZH
Frontrunning
– ZH
The Lunch
Wrap – alphaville / FT
Emerging
N.Y. headlines – beyondbrics
/ FT
Today’s
front pages – presseurop
Daily press
summary – Open Europe
Morning
MarketBeat: Traders Eye Bernanke – WSJ
Broker Note
Briefing – WSJ
Morning
Take-Out – NYT
AM Dear Dairy:
Quiet on All Fronts – Macro
and Cheese
Market
Summary – Kiron
Sarkar / The Big Picture
US session ahead
Pre-market
Commentary – Marketwatch
Pre-Market
Trading – CNNMoney
Pre-Market
– NASDAQ
US Equity Preview – Bloomberg
Earnings
& Events – The
Street
MarketCurrents
– Seeking
Alpha
Reference
Debt
crisis: live – The
Telegraph
The Euro
Crisis Blog – WSJ
FX Options
Analytics – Saxo
Bank
European
10yr Yields and Spreads – MTS indices
EUROPE
The ECB must still do its bit to help solve the
crisis – Wolfgan
Münchau / FT
The eurozone crisis may look less acute once
the bond purchases start but we have been through phases in the past where the
crisis appeared to be receding, only to come back a few weeks later. Unless the
programme is accompanied by a swift move towards banking and fiscal union, it
will not make a difference. And that means it probably won’t.
Angela Merkel tried to calm a growing storm
over euro zone crisis strategy on Sunday after the Bundesbank likened ECB
bond-buying plans to a dangerous drug and a conservative ally of the German
leader said Greece should leave the currency bloc by next year.
Merkel wants EU treaty convention by end of
year – euobserver
Germany’s IFO
German IFO
business confidence came in weak for August – ASA
Germany Loses Confidence For The Fourth
Month In A Row – ZH
Drop in German confidence implies big challenges remain – Nordea
Drop in German confidence implies big challenges remain – Nordea
Today’s
German Ifo index was a small disappointment, supporting the picture that the
German economy cannot escape the problems currently troubling the Euro zone.
USA
Three US fiscal issues pose a
threat to the US economic outlook: 1) The “fiscal cliff” – almost USD 700bn in tax
increases and spending cuts that will occur on 1 January 2013, should Congress not act 2) The need to raise the Treasury debt ceiling
again 3) The need to restore longer-term fiscal sustainability
S&P500: Sector winners, losers in a
potential market decline – Saxo
Bank
Given that markets could become weaker – last
week was the first negative week on S&P500 after six positive weeks – then
what sector winners and losers could we expect to come out of a declining
market?
CHINA
Chinese corporate earnings have been destroyed – ASA
China has announced a total of 8 trillion yuan (£800bn) of "stimulus
projects" to try to boost confidence in an economy that appears to be
cooling faster than expected.
OTHER
Equity Review: STOXX snaps its 20 week winning
streak – Saxo
Bank
One-firm economies: The Nokia effect – The
Economist
Finland’s fortunes are affected by one firm. What about other countries?
Golden Instability – Krugman
/ NYT
The truth is that returning to gold is an almost comically (and cosmically) bad idea.
The truth is that returning to gold is an almost comically (and cosmically) bad idea.
IN FINNISH
Luottamusindikaattorit laskussa – EK
Elinkeinoelämän
luottamusindikaattorit laskivat kaikilla toimialoilla elokuussa. "Suhdannetilanne
on painunut keskimääräistä heikommaksi. Erityisesti vähittäiskaupan ja muiden
palvelualojen luottamus on synkentynyt kesän aikana", EK:n johtava
ekonomisti Penna Urrila toteaa.
Pääkirjoitus: Teknologiateollisuus antoi kriisihälytyksen – IS
Uusia kuiskailuja EKP:n setelipainosuunnitelmista - aiemmin
salaisia tietoja julki? – TE
Kuluttajaluottamus ennallaan elokuussa – AP
Kuluttajien usko omaan talouteen horjuu – YLE
Vyönkiristys tarttuu – Henri
Myllyniemi / US Puheenvuoro
Espanjan budjetista paljastui uusi miljardiaukko - "he
yrittävät salata jotakin" – TE