US GDP ahead. Happy weekends, check back
for my weekender posts.
Previously on
MoreLiver’s:
Roundups &
Commentary
US Opening
News And Market Re-Cap – Ransquawk / ZH
Frontrunning – ZH
Overnight Sentiment: Defending 1400 and 1.29 – ZH
The Lunch Wrap – alphaville
/ FT
Emerging N.Y. headlines – beyondbrics
/ FT
Today’s front pages – presseurop
Daily press summary – Open Europe
Bundestag
may vote on further assistance to Greece in December
Morning MarketBeat: Doldrums Continue; Should End Soon
– WSJ
Broker Note Briefing – WSJ
Stirred not Shaken – TF
Market Advisors
– Kiron Sarkar / The Big Picture
US session ahead
Pre-market
Commentary – Marketwatch
Pre-Market
Trading – CNNMoney
Pre-Market
– NASDAQ
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
Economic
Calendar – Forexpros
EUROPE
Austerity continues to kill European credit – Macrobusiness
Eurozone nears Japan-style trap as money and
credit contract again
– The
Telegraph
All key
measures of the eurozone money supply contracted in September and private
credit fell at an accelerating pace, dashing hopes of a quick recovery from
recession.
Swedish trade figures weak as expected – Nordea
EUROPE: GREECE
The EU and
the IMF are at odds over how to fund two extra years for Greece, while the Greek government has
still not reached agreement on promised budget cuts.
Greek tragedy turns epic – MarcoScope
/ Reuters
…more money
– up to 30 billion euros – is going to
be needed be that via lower interest rates and longer maturities on loans
and/or a writedown on Greek bonds held by the ECB and euro zone governments.
Two more years of extend and pretend? – Open Europe
Total cost
of extension: €28.5bn, how? 1. Interest rate reduction, 2. Increased short term
debt issuance and further austerity, 3. Rescheduling debt (extending the length
of Greek loans), 4. ECB forgoing interest and/or profit, 5. Bond buybacks, 6.
Write-down original eurozone bilateral loans… We expect a short term stop gap
programme to be created with a mixture of option 1 and 2. This is likely to be
the most painful for Greece but the easiest for the creditors
to swallow. Unfortunately, this will add to Greece’s debt burden rather than reduce
it,
Greek Deadline - Sunday Evening – ZH
ASIA
BoJ forced
to deliver new round of stimulus on weak outlook
Australian Banks at Risk to the Core – The
Daily Reckoning
All is not
entirely well in Australia's financial services industry. For
the last five years, the pattern in the markets has been the same. A crisis
starts at the margin, with a peripheral player, and then moves its way up the
food chain.
OTHER
A Few Notes on FX – Marc to Market