Sorry about the late post - had to finally get some sleep :)
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
3 Numbers To Watch: DE PPI and US Housing
Starts & Permits
– Saxo
Bank
Will
another low inflation report from Germany inflame tensions over Eurozone
macro policy? Meantime, a pause in US housing construction is expected for
October, but the retreat is probably temporary in an otherwise ongoing
recovery.
Asia was on central bank watch in
today’s session – one set of minutes and one actual meeting. The Bank of Japan
matched market expectations and left key rates unchanged with no additional
stimulus measures. RBA minutes were
more dovish than expected
European
markets are expected to open lower Tuesday after Moody's lowered its credit
rating on France by one level to Aa1. Meanwhile,
markets await the EU finance ministers meeting in Brussels and US housing starts data due
later today.
Danske Daily – Danske
Bank (pdf)
Risk
appetite improved yesterday on the back of strong US housing data and optimism that the
fiscal cliff can be avoided. Moody’s downgrades France from triple A rating. Bank of Japan
took a breather at the November monetary policy meeting. Focus today on the Eurogroup meeting about Greece, US housing data and
Fed chairman Ben Bernanke.
Ranskan menetti jo toisen AAA-luokituksensa – vaikutus
korkoihin jää pieneksi * Kreikalle myönteinen tukipäätös tänään * EURUSD
nousuun USA:sta ja Kreikasta kantautuneen optimismin myötä
Aamukatsaus – Tapiola
(pdf)
Yrityslainoista on tällä hetkellä haastavaa saada
positiivista reaalituotto-odotusta nykyisellä inflaatiotasolla. Käytännössä
sijoittajan on valittava, joko inflaatioriskin tai luottoriskin välillä. Osakemarkkinan
nousulle bensaa liekkeihin USA:n asuntomarkkinoiden positiivisista tunnelmista.
Ranskan luottoluokituksen laskusta vastapainoa markkinoiden optimismille. Tänään
mahdollisesti ratkaistaan Kreikan seuraavan paketin kohtalo. Osakefutuurit
miinuksella, indikoiden laskuavausta.
Morning Briefing (EU/US): The thrill is gone –
revisited – BNY
Mellon
We are
beginning to wonder whether the CAD’s best days are behind it
Markkinakalenteri – Nordnet
Markkinakalenteri – Taloussanomat