Google Analytics

Friday, August 31

31st Aug - US Open



Previously on MoreLiver’s:
31.8. Best of August most read pieces + all my ’views’
31.8. EU Open
30.8. US Close nice one
30.8. US Open nice one


Follow ‘MoreLiver’ on Twitter or Facebook 

Roundups & Commentary
US Opening News And Market Re-Cap – Ransquawk / ZH
Frontrunning – ZH
Overnight Recap and Today’s Key Events  ZH
The Lunch Wrap – alphaville / FT
Emerging N.Y. headlines – beyondbrics / FT
Today’s front pages – presseurop
Daily press summary – Open Europe
  Commission wants to give ECB control over all eurozone banks; Schäuble: It is common sense to limit supervisory powers to systemically important banks

Morning MarketBeat: Bernanke in the Spotlight – WSJ
Broker Note Briefing – WSJ
Morning Take-Out – NYT
AM Dear Dairy: Eyes on Jackson HoleMacro and Cheese
Deflation – it must be, indeed is, JapanKiron Sarkar / The Big Picture 
Dollar Heavy While Waiting for Bernanke – Marc to Market 
Central Banks, Solvency, Liquidity, & Budget Deficits – TF Market Advisors
 
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
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

Follow ‘MoreLiver’ on Twitter or Facebook 

EUROPE
The Dragometeralphaville / FT
The game theory literature tells us that one of the ways to solve the prisoner’s dilemma is to have a credible threat in place, especially as the ECB and politicians will be playing this game an unknown number of times. But the problem for the ECB is that the threat of not intervening if the conditionality isn’t met is not credible.

Euro Charm Offensive: Merkel Acts to Polish Poor Image AbroadSpiegel
Iron lady, leader of the Fourth Reich, lacking compassion: Chancellor Angela Merkel's image has suffered during the euro crisis. Suddenly, though, she is all smiles and full of praise for the efforts made by indebted euro-zone states. But will her charm offensive be enough to transform Germany's battered image in Europe?

Bundesbank's Weidmann Wanted To Resign Last Week, Bild Reports; Is Goldman's "Ambassador" To Germany In Play?ZH

Merkel asks Italy to delay bailout request: reportMarketWatch

Bundesbank chief Jens Weidmann 'considered resigning over ECB bond buying'The Telegraph
…considered resigning several times because of his opposition to a new bond-buying plan by the ECB but was persuaded by the German government to stay, according to reports.

Fresh glimmers of hope for the eurozone (technical)The Telegraph
Just so there is no misunderstanding, this does not mean the eurozone is "recovering". Far from it…Recession may well get worse for a while before the money effects feed through, but the potential outlook for early 2013 is better.

ECB to cut eurozone growth forecasts, says NowotnyThe Telegraph

USA
And this one time, at economist camp…alphaville / FT
Last minute thought on the Jackson Hole from Barclays, Credit Suisse, UBS, Natixis, Citi, JPMorgan. Consensus: expect nothing.

What To Expect From Bernanke At J-HoleZH
Morgan Stanley: Chairman Bernanke is unlikely to offer a Solomonic solution, but his speech would be more interesting if he relayed where they are in the process.

If QE3 is so close, why is the Fed’s balance sheet shrinking?alphaville / FT

With All Of QE3 Priced In, The Only Way Is Down Should Bernanke DisappointZH

CHINA
How bad is China’s cash crunch?beyondbrics / FT

An economist at China’s State Council sees economic crisis comingASA

China’s real estate developers are looking forward to peak seasonASA