My views remain unchanged: check the Best of August for them. Both EURUSD and SPX have plenty of downside left, even within a largely bullish scenario - and September's main events are getting close... Yesterday's regular posts had plenty of good stuff on Europe, if you missed, do yourself a favor! I'm posting the usual Best of the Week later today in addition to the regular posts.
Yesterday
on MoreLiver’s:
30.8. Best of August most
read pieces + all my ’views’
Roundups
News
roundup – Between
The Hedges
The 6am Cut
London – alphaville
/ FT
Emerging
Markets Headlines – beyondbrics
/ FT
Reference
Debt
crisis: live – The
Telegraph
The Euro
Crisis Blog – WSJ
FX Options
Analytics – Saxo
Bank
European
10yr Yields and Spreads – MTS indices
MORNING BRIEFINGS
Asia kicked off today’s session with a definite risk-off feel to it. There
was absolutely nothing positive to be garnered from the plethora of Japanese
data that hit the wires early in the session.
The next two weeks could prove decisive for
Spain
Market Preview: Bernanke's speech on tap – Saxo
Bank
European markets are expected to open
marginally higher Friday ahead of US Fed Chairman Ben Bernanke's speech at Jackson Hole. Markets will also keep an eye on
Reuters/Michigan consumer sentiment index and US factory orders data
due later today.
Danske
Daily – Danske Bank (pdf)
Weak industrial production in Japan and South Korea suggest global manufacturing is losing considerable steam * In Spain the Valencia region has asked for additional financial assistance * Sentiment remains negative with stock markets mostly lower * All eyes today on Bernanke’s Jackson Hole speech this afternoon
Weak industrial production in Japan and South Korea suggest global manufacturing is losing considerable steam * In Spain the Valencia region has asked for additional financial assistance * Sentiment remains negative with stock markets mostly lower * All eyes today on Bernanke’s Jackson Hole speech this afternoon
Morning Briefing (EU/US): Still Can’t Get No
Satisfaction – BNY
Mellon
Some initial thoughts on the news reports about
Jens Weidmann. We also look at the indirect impact of rising oil prices.
Aamukatsaus – Nordea
(pdf)
Pankkien
valvontaelimen muodosta erimielisyyksiä * Euroalueen luottamus talouteen laski
edelleen * EURUSD romahti Espanjan
viivytellessä tukipyyntöään
Aamukatsaus – Tapiola
(pdf)
Markkina laskussa
Espanjan viivytellessä avunpyyntöpäätöstä (ERVV:n ja EVM:n ehdot pitää
selventää Espanjalle ensin), jolloin EKP:n vaikea käydä toimiin. Tänään FED:n Bernanken odotettu puhe Jackson Holessa
(tuleeko QE3 vai ei), Suomen markkinoiden sulkeutumisen jälkeen.
Osakefutuurit
flättinä, indikoiden rauhallista markkinaa ennen Jacson Holea.