 |
| Spanish non-performing loans since sixties |
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
Economic
Calendar – Forexpros
MORNING BRIEFINGS
Has the BOJ loosened policy of its own volition, or
has it revealed susceptibility to government pressure?
Inflation
in the Eurozone is expected to edge lower in October when Eurostat releases its
CPI estimates. Meanwhile, in Canada the rate of growth is expected to
slow, and purchasing managers in the Chicago area are likely to report better
conditions.
After
yesterday's BOJ excitement Asia
settled back into customary range-trading. Japan’s PMI drifted to 46.9 from 48.0 the
previous month, marking the lowest point since April 2011 and the fifth month
below the 50 expansion/contraction threshold.
Market Preview: EU unemployment data eyed – Saxo Bank
Market Preview: EU unemployment data eyed – Saxo Bank
European
markets are expected to open mostly lower Wednesday ahead of Eurozone
unemployment data due later today which is expected to show a rise in
September. Additionally, a meeting of EU finance ministers holds market
interest.
Danske Daily – Danske
Bank (pdf)
Key news: US
markets will open again today after a two-day shutdown. Positive earnings
surprises pushed European stocks higher yesterday and the positive sentiment
has continued in Asia
overnight. We expect Norges Bank to push
interest rates higher by signaling a rate hike within the next six months. Market
movers today: Monetary policy meeting in Norges Bank, Euro area bank lending
survey, US Chicago PMI
Euroalueen talousnäkymät yhä synkemmät * Espanjan talouden
taantuma syvenee * Riskitunnelmien parantuminen tuki euroa
Aamukatsaus – Tapiola (pdf)
Aamukatsaus – Tapiola (pdf)
Konevuokraajat Cramo ja Ramirent yhdistävät liiketoimintansa
Venäjällä ja Ukrainassa. Stockmann harkitsee Pietarin kauppakeskuskiinteistön
myymistä. Markkinan suunta: Euroopan maltillisen positiivisesti jatkunut
tuloskausi veti osakemarkkinat nousuun, joskin matalalla volyymilla. Osakefutuurit
nyt plussalla, indikoiden nousuavausta pörssiin. 3Q12-tuloksia aamulla: Hyvät
tulokset: Cramo, Pohjola. Neutraalit tulokset: Sanoma. Heikot tulokset:
Stockmann, Tecnotree, Teleste.
After the events of the past few days, it’s time to asses the latest state of play in Greece.
Markkinakalenteri – Nordnet
Markkinakalenteri – Taloussanomat
EUROPE
Eurozone investors jump on the carry trade – Sober
Look
JPMorgan: Investors
have shifted their peripheral positioning to long in recent weeks which could
become a risk for intra-EMU spread tightener trades.
UNITED STATES
Behind Decision to Close Markets – WSJ
Q3 Earnings: Beyond the Halfway Mark – Zacks
It has been
a fairly weak earnings season any way you look at it. And as we had suspected
all along, earnings estimates for the fourth quarter and beyond have started
coming down, though they still have room to go on the down side.
Weighing the Week Ahead: A Three-Day
Homestretch – A
Dash of Insight
The key
elements are the following: Continuing corporate earnings reports, where a
mixed story continues; The looming concerns over the fiscal cliff, with
increasing prominence and visibility; The election, with potential for
significant change.
ASIA
Output and
new orders both down at sharper rates; Employment falls at fastest pace since
July 2009; Average output charges pared to steepest degree since December 2009
Eurokriisin tähän mennessä hölmöimpiä väitteitä on, että
Suomi jotenkin tienaisi kriisillä. Moinen möläys sulkee silmät tosiasioilta –
ja on mahdollisimman väärä. Suomi ei ole tienannut eikä tienaa tällä kriisillä
euroakaan, vaan kärsii parasta aikaakin isompia menetyksiä kuin moni muu maa.
Espanjan kannattaisi hakea tukea – HS
Osta valtionlaina, saat oleskeluluvan – TalSa