13th Nov - EU Open

Last evening's 'US Close' was good. Check it.

Previously on MoreLiver’s:

12-Nov US Close: Greece and American oil

12-Nov US "Open"

12-Nov EU Open

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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

3 Numbers To Watch: ZEW Sentiment, UK CPI, US NFIB Small Business – Saxo Bank

Will the recent revival in the outlook for the German economy survive last week's macro warning? Is consumer price inflation in the UK still slipping? Will business sentiment in the small business community in the U.S. remain at recession levels?

Asia Today: Oz business conditions deteriorate; Asia ranging – Saxo Bank

Holidays across the Asia region meant we had another quiet, range-bound session today. Activity and data flows were subdued with the only action seeing EURUSD falling back through the 1.27 level on a broad risk-off trade.

Market Preview: Focus on German ZEW economic sentiment – Saxo Bank

European markets are expected to open in the red Tuesday as European finance ministers and the IMF struggled to agree on a long-term plan for Greek austerity. Meanwhile, markets await the German ZEW survey and CPI data across Europe due later today.

Danske Daily – Danske Bank (pdf)

Eurogroup-IMF dispute over Greece – decision on aid payment delayed again. Republicans shift rhetoric on taxing the wealthy. Focus today on CPI out of Sweden and the UK and the ZEW survey. Also watch out for Greece selling T-bills.

Aamukatsaus – Nordea (pdf)

Kreikka joutuu odottelemaan seuraavaa tukierää * Kasvutavoite on vain lattia Kiinan kasvulle * Kreikan tilanteen murehtiminen vähensi riskinottohalua korkomarkkinoilla 

Aamukatsaus – Tapiola (pdf)

Osakemarkkina jatkoivat varovaisena, ilman merkittäviä kurssiliikkeitä. Kreikan apupaketin hyväksyntää ei vielä eilen saatu ja seuraavaksi asiasta keskustellaan ensi viikolla. Osakefutuurit miinuksella, indikoiden laskuavausta. Ulkomaalaisomistusten muutokset - lokakuu: Aktiviteetti lisääntyi ostoissa ja myynneissä, nettona ulkomaalaisomistus lisääntyi 0,3%. Ostoputkessa: Konecranes, Lassila & Tikanoja ja Uponor. Myyntiputkessa: Metso. (Nokian pitkä 8kk:n myyntiputki päättyi lokakuussa).  

Morning Briefing (EU/US): Shirakawa, the Prince? – BNY Mellon 

A slightly different take on the BOJ’s “susceptibility to pressure” 

Markkinakalenteri – Nordnet

Markkinakalenteri – Taloussanomat

EUROPE

Greece wins more time but no immediate aid – Reuters

Greece's international lenders agreed on Monday to give the country two more years to make the cuts demanded of it but the euro zone and IMF clashed over a longer-term target date to shrink the country's debt pile.

Europe Gives Greece 2 More Years to Reach Deficit Targets – BB

Schaeuble and Moscovici plan a joint briefing at 9:30 a.m. today to project a common stance on fighting the crisis.

Brexit could come before Grexit – Hugo Dixon / Reuters

EU Officials Draft Some Compromises on Basel Bank Law – BB

Portugal shut out of OMT in order to keep Greece out – Sober Look

In order to appear apolitical, the ECB applies this strange general rule that would keep Greece out of OMT. And Portugal is sacrificed in the process.

OTHER

Carry Trades Lose Most Since ’11 as HSBC Gauge Warns: Currencies – BB

The Five Stages Of A Sovereign's Life-Cycle – ZH

Bridgewater’s note

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