30th Oct - EU Open

Source: Bloomberg’s Nick Summer

Reporting seems slow because of the ‘Sandy’ in US. I'll update the missing ones if and when they are posted.

Previously on MoreLiver’s:

29-Oct US "Close": Hold On

29-Oct US "Open"

29-Oct EU Open

Follow ‘MoreLiver’ on Twitter or Facebook

Roundups

News roundup – Between The Hedges

The 6am Cut London – alphaville / FT

Emerging Markets Headlines – beyondbrics / FT

Reference

TV: Bloomberg, CNBC, BBC

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

Economic Calendar – Forexpros

MORNING BRIEFINGS

Morning Briefing (Asia): Oil Change – BNY Mellon

Global demand notwithstanding, Oil’s slide post QEIII hints at a state of flux in the market

3 Numbers to Watch: DE Unemployment, US & EZ Consumer Confidence – Saxo Bank

As tropical storm Sandy makes its way through the US East Coast, we run through our usual list of economic data. German unemployment is expected to edge higher, while US and Eurozone consumer confidence data are both set to make small gains. 

Asia Today: BOJ delivers ¥11 tln stimulus; JPY trades firmer – Saxo Bank

The focus on Japan started early this morning with the release of jobless and industrial production data before we waited with bated breath for the BOJ announcement. It was a long wait.

Market Preview: Tap on EU sentiment indices – Saxo Bank

European markets are expected to open in the red Tuesday ahead of Eurozone sentiment indices, German unemployment and Spanish GDP data due later today.

 

Danske Daily – Danske Bank (pdf)

Key news: US financial markets are closed today as hurricane Sandy hits the Atlantic coast * Bank of Japan is expected to deliver a new round of easing this morning * Focus today will be on Sandy’s damage and European data. Market movers today: Hurricane Sandy * ECB President Draghi speaks * Spain Q3 GDP * Euro area consumer confidence *German unemployment

Aamukatsaus – Nordea (pdf)

Japanin keskuspankki kevensi odotetusti rahapolitiikkaa * USA:n yksityisen kulutuksen kasvu jatkui vahvana * Jeni vahvistui BoJ:n päätöksen jälkeen 

Aamukatsaus – Tapiola (pdf)

Suomalaisista rakennussektorin yhtiöistä ensimmäisenä raportoi YIT tänään aamulla. Yhtiö raportoi hyvästä 3Q-tuloksesta ja piti koko vuoden ohjeistuksen ennallaan. Markkinan suunta: Osakemarkkinat valuivat eilen Euroopassa, myrsky pitää USA:n markkinat suljettuna edelleen. Osakefutuurit nyt plussalla, indikoiden nousuavausta pörssiin. 3Q12-tuloksia aamulla: Hyvät tulokset: Raute, YIT. Neutraalit tulokset: Marimekko. Heikot tulokset: Nokian Renkaat.

Morning Briefing (EU/US): An easier life – BNY Mellon

Has the BOJ loosened policy of its own volition, or has it revealed susceptibility to government pressure?

Markkinakalenteri – Nordnet

Markkinakalenteri – Taloussanomat

EUROPE

Outright Monetary Transactions sterilised? – voxeu.org

‘Sterilisation’ - where purchases of assets by a central bank are offset by withdrawals - may help the ECB to control inflation. This column discusses how the ECB’s current approach may be fraught with danger, however. In a world where sovereign default risk is perceived to be likely, the ECB’s only real hope is that its approach makes a Eurozone default impossible.

Juncker Calls Extra Finance Chief Talks as Greece Showdown Looms – BB

Euro-area finance chiefs are scheduled to talk three times in the next two weeks as the 17- nation bloc grapples over ways to fill Greece’s financing gap and ease concerns that it might have to exit from the euro.

UNITED STATES

Consumer spending growth back to pre-bubble trend; significant risks to the downside remain – Sober Look

  SANDY

Counterparties: The Sandy economy – Felix Salmon / Reuters

85% of Atlantic City Flooded; New York Subway in Jeopardy; Markets Closed Again Tuesday; Hurricane Sandy Image from Space – Mish’s

Postcards From An Underwater New York – ZH

670,000 Without Power, ConEd Says Repairs Could Take A Week – ZH

Sandy update – alphaville / FT

OTHER

How Central Bank Policy Impacts Asset Prices (SocGen)

Part 5: How Far Can They Go? – ZH

(previous parts linked last night)

IN FINNISH

Kataisen ja Urpilaisen seuraavat vastustajat – Henri Myllyniemi / US Puheenvuoro

Talouskuripakettia ei sovi vähätellä – HS

Vastaväite: Helsingin Sanomien pääkirjoitus 27. 10. vähätteli Euroopan unionin niin kutsutun talouskuripaketin uutuusarvoa ja merkitystä jäsenvaltioille. Vähättelyyn ei ole syytä. Paketti eroaa sen pohjana olevasta vakaus- ja kasvusopimuksesta ainakin kahdella merkittävällä tavalla.

Follow ‘MoreLiver’ on Twitter or Facebook