Previously on MoreLiver’s
Roundups &
Commentary
US Opening
News And Market Re-Cap – Ransquawk / ZH
Frontrunning – ZH
Overnight Sentiment – ZH
The Lunch Wrap – alphaville
/ FT
Emerging N.Y. headlines – beyondbrics
/ FT
Today’s front pages – presseurop
Daily press summary – Open Europe
Morning MarketBeat: Traders Betting Against Earnings –
WSJ
Broker Note Briefing – WSJ
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
Debt
crisis: live – The
Telegraph
The Euro
Crisis Blog – WSJ
FX Options
Analytics – Saxo
Bank
European
10yr Yields and Spreads – MTS indices
EUROPE
Baltics: Euro-adoption still a goal – Nordea
(pdf)
Our
baseline scenario is that Latvia will join the euro area in 2014,
although risks for later euro-adoption remain. Lithuania we see adopting the euro in 2015 at
the earliest.
Debt Crisis Gives European Separatists a Boost – Spiegel
The debt crisis is fueling the
fortunes of separatists in a handful of European Union countries. Affluent
regions in Spain, Britain, Belgium and Italy no longer feel a sense of solidarity with poorer parts of their own
countries -- but they want to remain part of the EU.
EUROPE: GREECE
Germany’s chancellor makes a trip to signal
her country’s goodwill. Greeks bearing grudges AS a stiff Aegean breeze
fluttered the hair and lapels of Angela Merkel’s pale-green jacket, one Greek
reporter thought the outfit looked familiar.
No more Grexit – The Economist
Europe’s charge-sheet against Antonis
Samaras has lengthened with each turn of the Greek crisis. As leader of
the-then opposition New Democracy, his refusal to support the first bail-out
was seen as crippling.
In her first visit to Greece since 2007, Angela Merkel offered verbal support for Athens,
saying "there is progress every day." The German chancellor also
announced two Berlin-funded development projects focusing on health care and
regional administration. She was greeted by some 50,000 demonstrators in Athens
protesting her tough demands for economic reforms.
The True Face of the German-Greek Partnership – Spiegel
Chancellor
Angela Merkel expressed solidarity and friendship with Greece during her Tuesday visit in Athens with Prime Minister Antonis
Samaras. On the streets outside, however, protests revealed the strain Greek
society is under. The chancellor's visit will do little to improve the
situation.
Several top
German economic institutes on Thursday warned that German growth is slowing as
the country continues to be hampered by the ongoing euro-zone debt crisis. And Greece, they say, will be unable to
"free itself from its debt burden" and will need another haircut.
EUROPE: IMF
Hold the Press: The IMF Changes Sides – Marc
to Market
A significant event has taken place this week. It will alter the
balance of power between creditors and debtors and help shape the contours of
the ongoing policy response to the end of historic credit cycle. The IMF
has not only delivered a mea culpa of sorts, but urges its members to do so too.
The International Monetary Fund
is losing patience with European politicians. Officials at the Washington-based
institution are calling on the EU to present a clear plan for its banking
union. Europe's debt and euro crisis, the IMF warns, remains a persistent threat to
the global economy.
Schaeuble rebukes IMF boss on eurozone debt – euobserver
IMF boss
Lagarde and German finance minister Schaeuble went on a collision course on
Thursday on the subject of eurozone debt and deficits.
The IMF’s annual meetings: Time for a rethink – The Economist
The fund
ponders fiscal consolidation
MARKETS
Global Week Ahead: EU Heads of State still
mostly talking – Nordea
(pdf)
This week’s
key event will be the EU Summit Thursday and Friday although it may not
necessarily provide the news about Greece and Spain that the financial markets are
waiting for. We believe markets are expecting little or no positive news from
the Summit and that risks are skewed towards
positive surprises, if any. Our view on the most important key figures is
broadly neutral with a slight positive bias on Chinese GDP and the minutes from BoE.
Weekly Credit Update – Danske
Bank (pdf)
S&P500 Q3 earnings
Dour tone,
despite positive EPS surprise – Saxo
Bank
Next week
offers consumer, industrial giants – Saxo
Bank
The Forecasting
Folly Of Equity Valuations And Earnings Growth – ZH
IN FINNISH
Ruotsia odotellessa
– Pääkirjoitus
/ IL
Tukholma palaa näyttävästi Suomen ulko- ja europolitiikan
kartalle.
Kreikka pelailee,
Portugali tekee – Pääkirjoitukset
/ HS
Irtisanomisvaroitukset
kovassa kasvussa Ruotsissa – euroetana
Palkkasumma kasvussa
elokuussa, teollisuus hyytyy – euroetana
NGDP-trenditavoitteesta
ja rahapolitiikasta – mainio kalvosatsi ja verratkaapa europolitiikkaan - tyhmyri