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
FX Options
Analytics – Saxo
Bank
European
10yr Yields and Spreads – MTS indices
MORNING BRIEFINGS
3 Numbers to Watch: Swiss Real Estate, Asmussen
& Caterpillar Q3
– Saxo
Bank
With few
data releases to report on today we take a look at some other economic events. UBS is due to release its latest Swiss
Housing bubble index. ECB executive board member Jörg Asmussen is due to speak
in Hamburg and Caterpillar earnings are out.
Market Preview: Tap on US Corporate earnings - Saxo Bank
European markets are expected to open in the red Monday amid weak US corporate earnings. Additionally, persistent uncertainty about a Spanish bailout following the disappointing EU summit is further expected to weigh on market sentiment.
Danske Daily – Danske
Bank (pdf)
US stock
markets dropped markedly on Friday on the
back of disappointing Q3 earnings reports but stocks markets have
recovered somewhat in Asian trade. In Spain the ruling Popular Party was able
to increase its absolute majority in Galicia in connection with regional
elections. Japan’s exports contracted substantially
in September. Market movers today: EUR: Speeches by ECB board members including
Asmussen * Q3 earnings: Caterpillar, Yahoo and Texas instruments * USD: Third
Obama-Romney debate
Aamukatsaus – Nordea
(pdf)
Kädenvääntö EU:ssa jatkuu – nyt Merkel taistelee Cameronin
kanssa * Luottamusluvut viikon keskipisteenä * Espanjan 10-vuotinen korko
alimmilleen sitten huhtikuun alun
Aamukatsaus – Tapiola
(pdf)
Perjantaina osakemarkkinoiden tunnelmaa painoi eritoten
USA:laisten teknologiayhtiöiden odotuksia heikommat tulokset. Kokonaisuudessaan
liikevaihtokehitys on ollut vaisua. Markkinan suunta:
Tuloskausi painoi perjantai yöllä osakemarkkinoita. Iso-Britannia
jäädyttäisi EU:n budjetin, mikä aiheuttaa hämmennystä jäsenmaissa. Osakefutuurit
nyt marginaalisesti plussalla, indikoiden flättiä avausta pörssiin. Hyvät
ostot: Nokian Renkaat, TeliaSonera, Fortum, Lemminkäinen, F-Secure.
Hyvät myynnit: Rautaruukki, Finnair, Neste Oil, Nokia,
Sampo.
Morning
Briefing (EU/US): Let Down – BNY Mellon
We can think of two good reasons why JPY bears may be
disappointed once again
Markkinakalenteri – Nordnet
Markkinakalenteri – Taloussanomat
Coming off the rails – The
Economist
The euro was meant to underpin the single market, but
it may end up undermining it
Most voters want Britain to leave EU: Support for pulling out at highest level for 30 years – Daily
Mail
Goldman’s charts
ASIA
While many have feared its rise, a weaker China
struggling with economic and political challenges at home may present an even
greater challenge.
China can't break dependence on the US, as America once again becomes China's largest export market – Sober
Look
OTHER
IMF's epic plan to
conjure away debt and dethrone bankers – The
Telegraph
So there is a magic wand after all. A revolutionary
paper by the International Monetary Fund claims that one could eliminate the
net public debt of the US at a
stroke, and by implication do the same for Britain, Germany, Italy, or Japan.
FX Comment: the macro
week – Nordea
Charting the European
vs US Economic Divergence – PragCap