2nd Aug - EU Open: Draghi's Turn

Time for this week’s main event: the dreaded ECB meeting. For full coverage, see my continuously updated specials ECB WATCH and FED WATCH.

Previously on MoreLiver’s:
Wed: US Close: Fed failed

Wed: US Open

Wed - Best of July

Wed: EU Open

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News roundup – Between The Hedges

The 6am Cut London – alphaville / FT

Emerging Markets Headlines – beyondbrics / FT

TV: Bloomberg, BBC

Debt crisis: live – The Telegraph

The Euro Crisis Blog – WSJ

Tracking Europe’s Debt Crisis – NYT

FX Options Analytics – Saxo Bank

European 10yr Yields and Spreads – MTS indices

Asia today: – Saxo Bank

Market Preview: ECB Rate Decision on tap – Saxo Bank

European markets are expected to open firmer Thursday amid expectations of further easing measures by the ECB to arrest the Eurozone debt crisis. Markets are keeping an eye on BoE rate decision, US jobless claims and factory orders data due today.

Danske Daily – Danske Bank (pdf)

Fed stays on hold but strengthens the easing bias * Market reacted slightly disappointed after Fed’s announcement and US stock markets closed with losses * Focus today on ECB meeting. It remains relatively unclear what the ECB intends to do but unless today’s policy response is substantial, there is a risk of disappointment

Morning Briefing: ECB officials' views – BNY Mellon

ECB officials' views ... continued – BNY Mellon

In Finnish:

Aamukatsaus – Nordea (pdf)

EKP:lta tulossa lupauksia valtionlainamarkkinoiden rauhoittamiseksi * USA:sta sekalaista talousdataa - Fed avoimempi elvytykselle * Öljyn hinta ui vastavirtaan USA:n öljyvarastojen äkillisen laskun saattelemana

Aamukatsaus  – Tapiola(pdf)

Odotukset korkealla EKP:n korkokokouksen suhteen

Markkinakalenteri – Nordnet

* * *

EUROPE: ECB

ECB Will Build a Bridge…But to Where? – Economist Meg

EZ policymakers have practically made an Olympic sport out of under-delivering throughout this crisis. Still, I think the ECB will succeed in sustaining the current market rally. The big question is whether EZ policymakers use the time lent to them by the ECB wisely, and on this I am highly skeptical.

Goldman's investor survey of ECB's decision tomorrow – Sober Look

Possible policy actions by the ECB – Sober Look

Previous ECB press conferences – ECB

Speech by Mario Draghi at the Global Investment Conference in London – ECB

The one that built the great expectations

Press Conference Webcast – ECB

USA

Markets are betting on US housing recovery – Sober Look

Stock sector and credit markets discount a turnaround already

July Employment Report Preview – A Dash of Insight

Whatever the ECB does, the Fed will look at this number.

Flash Comment US: Fed preparing to ease in September – Danske Bank (pdf)

ASIA

Japan: Selected Issues – IMF
 

Japan: Financial Sector Stability Assessment Update – IMF
 

OTHER
David Rosenberg On Headless Chickens, Topless Americans, And Bottomless Europeans – ZH

IN FINNISH

Espanja ja Italia, mutta kummalle rahat riittävät? – YLE

Asuntojen kysyntä murroksessa – Nordea

Mediassa: Kestävyysvajeen lisäksi on täytettävä tuottavuusvaje – Nordea

Suomen ulkomaankaupan suunta toukokuussa – Nordea (pdf)

Kauppatase lähes tasapainossa toukokuussa * Nettovienti tuki luultavasti kasvua Q2:lla * Sekä vienti että tuonti odotettua heikompia

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