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Friday, October 12

12th Oct - EU Open



Just the regulars.

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Previously on MoreLiver’s

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
Tracking Europe’s Debt Crisis – NYT
FX Options Analytics – Saxo Bank
European 10yr Yields and Spreads – MTS indices

MORNING BRIEFINGS
3 Numbers to Watch: EZ Ind Prod; US PPI & US Confidence surveySaxo Bank
Industrial production in the Eurozone is expected to decline sharply for August. US PPI is forecast to stay unchanged during September, while the University of Michigan's Consumer Confidence Index is likely to move lower in October.

Asia Today: SGD rallies on unchanged MAS; S'pore avoids recessionSaxo Bank
We saw the first of Asia’s Q3 GDP numbers this morning with the release of Singapore’s data. As expected, Q3 was more disappointing than Q2 with a 1.5% contraction q/q but avoided a technical recession due to hefty upward revisions to Q2 data.

Market Preview: EU Industrial Production on tapSaxo Bank
European markets are expected to open lower Friday amid ongoing concerns about the Eurozone debt crisis. Markets are keeping a close watch on Eurozone industrial production data due later today.

Danske DailyDanske Bank (pdf)
US initial jobless claims fell to lowest level since 2008. IMF’s Christine Lagarde warns eurozone officials against an overreliance on austerity. Market movers today: EU industrial production, US University of Michigan Confidence

AamukatsausNordea (pdf)
Kreikalle tukea yllättävältä taholta * USA:n uusia työttömyyskorvaushakemuksia lienevät painaneet erityistekijät * EURUSD nousi selvästi Espanjan luottoluokituksen laskun myötä

AamukatsausTapiola (pdf)
Osakemarkkinalle pientä positiivista virettä USA:n vahvoista viikoittaisista työttömyysluvuista, joita tosin epäillään korjattavan vähemmän vahvoiksi ensi viikolla. Saksan Scheuble ja IMF:n Lagarde eri linjoilla säästötoimien tarpeesta. Inflaatio-odotukset ja korot laskeneet hieman Saksan tiukkojen kommenttien myötä. Osakefutuurit lievästi negatiivisella puolella, indikoiden laskuavausta.

Morning Briefing (EU/US):Clowns to the left of me, jokers to the right BNY Mellon


The Fed's QE is a dominant factor in forecasting cable; but ultimately, there is a clear chance that GBP will figure somewhere between the USD and the EUR on the performance roster for 2013.



MarkkinakalenteriNordnet
MarkkinakalenteriTaloussanomat


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