Previously on MoreLiver’s
Roundups and
Commentary
News – Between
The Hedges
Markets – Between
The Hedges
Recap – Global Macro Trading
Morning Briefing Asia: RBA Cut Rates, But Dow Closes Lower – BNY Mellon
There are no easy short-term solutions to the
Euro-area’s problems; but faith in the EU’s current approach is hard to find
Reference
Debt
crisis: live – The
Telegraph
The Euro
Crisis Blog – WSJ
FX Options
Analytics – Saxo
Bank
European
10yr Yields and Spreads – MTS indices
EUROPE
Analysis: Uneasy role for IMF in euro zone
crisis – Reuters
The euro zone debt crisis is pushing the
International Monetary Fund into new, and at times, uncomfortable territory.
The global lender is preparing to monitor some of Europe's largest economies possibly without
its biggest weapon - money.
Here's another fine mess the political hubris
of the euro has got Europe into.
EUROPE: SPAIN
Exclusive: Spain ready for bailout, Germany signals "wait" – sources – Reuters
Spain is ready to request a euro zone bailout
for its public finances as early as next weekend but Germany has signaled that
it should hold off, European officials said on Monday.
Spanish deficit: The saga continues – Open
Europe
Keeping count of how many times Spain's deficit targets and
forecasts have been revised has become a challenging exercise.
Moody’s says it will
now complete its ongoing review of Spain’s sovereign debt rating sometime before the
end of October.
Spanish Banks Need More Capital Than Tests
Find, Moody’s Says –
BB
The nation’s lenders may need infusions of 70
billion euros to 105 billion euros to absorb losses and still keep capital
ratios above thresholds outlined in legislation last year, Moody’s analysts
wrote yesterday in a report. That compares with the 53.7 billion euro shortfall
found last week after officials commissioned a stress test designed to lift
doubts about the financial industry’s ability to withstand losses.
EUROPE: THE LIIKANEN REPORT
EU falling short on bank capital rules, warns
regulator – euobserver
Banks should separate deposits from risky
trading, group says
– euobserver
EU plans curbs on bank risk-taking – The
Telegraph
Risky activities such as proprietary trading
will have to be separated from safer operations under EU proposals for banks
published today.
USA
Strategic Briefing: Fiscal Cliff Risk Analysis – The
Capital Spectator
OTHER
Quarterly Guide to the Markets – J.P.
Morgan
Excellent
chartbook, the pdf download link is on the left of the page.
Nordea Economic and Market Outlook: From
crisis to crisis – Nordea
US: Unintended side-effects of the Fed’s
ultra-easy policy loom * Euro-zone: Slowly moving in the right direction * FX
Majors: Under the central bank “put” * Sweden: Manufacturing in the
cold November rain * Norway: Later rate hike from
Norges Bank * Denmark: A gradual return to the growth track * Nordic Covered bonds: Plenty of
cheap Danish ARMs (direct
pdf)
IN FINNISH
Transaktioverosta:
Tuomioja ja
aasinmyssy – Hannu Visti
Tuomioja ei osaa
laskea – Elina
Lepomäki / US Puheenvuoro
Kun demari herkun
haistoi – Ville
Kauppinen / US Puheenvuoro
Tehdäänpä lainakauppa
Tuomiojan logiikalla – Juha
Lehtinen / US Puheenvuoro