EURUSD not crashing |
Markets are not behaving as risk-averse as many thought after ECB's Draghi "failed to deliver". Either the ECB's impasse was already priced in, or the plan is there, but early commentators just failed to see it. Bailouts and securities purchase yes - but only after an official request for help and succumbing to a Troika program? Spanish yields moving up this morning (10y, 2y)
SPX bounced |
Yesterday
on MoreLiver’s
US Close: Yo soy un hombre sincero (my thoughts)
SPX still in channel |
News roundup – Between The Hedges
The 6am Cut
London – alphaville
/ FT
Emerging
Markets Headlines – beyondbrics
/ FT
Debt
crisis: live – The
Telegraph
The Euro
Crisis Blog – WSJ
FX Options
Analytics – Saxo
Bank
European
10yr Yields and Spreads – MTS indices
Asia today: – Saxo Bank
Market Preview: US Nonfarm payrolls on tap – Saxo
Bank
European markets are expected to open mixed
Friday ahead of the US nonfarm payrolls for
July scheduled later in the day. Investor sentiment was dented yesterday after
the ECB President, Mario Draghi, offered no hints for additional monetary
easing.
Danske Daily – Danske
Bank (pdf)
Markets react with disappointment after Draghi
fails to deliver immediate action. Focus on US data today – will the stalling
jobs data force Bernanke into QE3?
The terms of Greece’s bailout demand
cohesion from an inherently unstable coalition
In Finnish:
Aamukatsaus – Nordea
(pdf)
EKP selvensi
toimintasuunnitelmaansa – paine uudistuksille säilyi * BoE:lta odotetaan uusia
toimia syksymmällä * EKP:n toimettomuus vahvisti turvasatamavirtoja
korkomarkkinoilla
Draghi ei ilmoittanut
uusista politiikkatoimenpiteistä, mikä oli markkinoille pettymys. Toimettomuudesta
huolimatta Draghi kylvi useita mielenkiintoisia ajatuksia itämään jättäen
odotuksia jatkoon.
Markkinakalenteri
– Nordnet