Here are
the week in review and next week previewed-links, I will update this later.
Come back later for my longer Weekender-posts.
Yesterday
on MoreLiver’s:
main events
of the week
Special: ECB WATCH (will update this on Sat evening)
LAST WEEK
PRICES:
Weekly
Scoreboard – Between
The Hedges
Weekly
Eurozone Watch – Global
Macro Monitor
Week in
Review – Global Macro Monitor
US market
portrait 2012 week 32 – Portfolio Probe
Summary for Week ending Aug 3rd – Calculated Risk
The week started with expectations of central bank action. The Fed went
first, and although the FOMC statement acknowledged that “economic
activity decelerated”, the FOMC took no action. Then it was the
European Central Bank’s turn; the eurozone economy has taken a turn for
the worse, and the ECB took no action. However, after further reflection, some analysts felt the ECB has laid
the groundwork for sovereign bond buying, and that the Fed will announce
QE3 in September. We will see. In the meantime, the data was mixed.
The
Weekender – beyondbrics / FT
The Weekender – alphaville
/ FT
Succinct summation of week’s events – The
Big Picture
Weekly
Bull/Bear Recap – Rational Capitalist Speculator
Week in Review: Calls for Change to a Complex
Market – DealBook
/ NYT
Calls for stronger regulations of the
computer-driven markets were renewed after the third stock trading catastrophe
in the past five months. A look back on our reporting of the past week's highs
and lows in finance.
Podcast: MarketBeat Week (19min) – MarketBeat
/ WSJ
Central bankers disappointed and Knight Capital
roiled the market, but all was forgiven after a surprising jobs report. We
discuss these topics in the latest installment of MarketBeat Week.
Politics this week – The Economist
Business this week – The Economist
NEXT WEEK
Schedule
for Week of Aug 5th – Calculated Risk
The key report this week is the June Trade Balance report. The July Fed Senior Loan Officer Survey will be released on Monday, and
Fed Chairman Ben Bernanke holds a town hall meeting on Tuesday and is
expected to take questions from the audience.
Next Week’s Tape – MarketBeat
/ WSJ
Happy Anniversary, U.S. Downgrade
S&P 500 Earnings Week Ahead – Reuters
Wall St Week Ahead– Reuters
Positive momentum in the face of headwinds
Global Markets Week Ahead – Reuters
ECB/Fed cock the gun, G20 action eyed
Global Week Ahead – Nordea
Markets (pdf)
The fact that the ECB did not deliver concrete
action but only tough words implies a lot of uncertainty about what to expect
from the central bank’s potential interventions in terms of amount, timing and
interest rate targets. (summary here)
Starting
the Week – RCS
Key Events
In The Coming Week – GS / ZH
Most of the focus in the week ahead will likely remain on the ECB
decision, including the political debate across the Eurozone that
usually follows important announcements. We expect continued
headline-induced volatility and some focus on the "if" and "when" of any
additional support for Spain.
Weekly Preview: Elpis has left the building – BNY
Mellon
The clear implication of Mario Draghi’s
statement yesterday is that the ECB may yet wield the SMP program once more, but certainly
not before Italy and Spain have weakened sufficiently to warrant the execration of EFSF/ESM
funding.
Weekly Focus: Awaiting further monetary easing – Danske
Bank (pdf)
Following a busy week in the US there are only very
few key figures of interest this coming week…In the euro area attention will
most likely continue to centre on the development in the sovereign bond markets
in Italy and Spain. Market attention will be on whether/when Spain and/or Italy will request EFSF
intervention. Communication from the
core countries’ political leaders will remain in focus as well as details on how
the ECB could intervene.
Bulls vs Bears: US Equities – The
Short Side of The Long
Currency Positioning and Technical Analysis – Marc
to Market
The Weekend T Report: Brotes Verdes – TF
Market Advisors
Was this just another temporary measure in Europe that will fail sooner or later, and
most likely sooner? Or is it something real. The start to a truly European
Central Bank that can drive rates low as it chooses? Is the economic data here
stabilizing, albeit at an anemic level or was this too just an aberration and
we are due to see the march of weak numbers resume?
Weekly Credit Update – Danske
Bank (pdf)
Credit indices feel ‘Draghi-disappointment’,
cash bonds do not * Rating agencies see continued challenges for Danish banks *
Corporate earnings season on the weak side so far
EMEA Weekly – Danske
Bank (pdf)
Weak Czech economy weakens further * Baltic
growth slows further
Highlights
from Monday’s FTfm – alphaville / FT
Emerging:
Week Ahead – beyondbrics / FT
CALENDARS
Economic
Calendar – fxstreet.com
Monthly
Economic Calendar – fxstreet.com
Debt
crisis: live – The
Telegraph
Europe Crisis Tracker – WSJ
FX Options
Analytics – Saxo
Bank