Roundups &
Commentary
Frontrunning – ZH
Overnight: Deja Cliff – ZH
The Lunch Wrap – alphaville
/ FT
Emerging N.Y. headlines – beyondbrics
/ FT
Today’s front pages – presseurop
Daily press summary – Open Europe
Berlusconi: Italy will be forced to leave the euro unless ECB
starts printing money
Morning MarketBeat – WSJ
Broker Note Briefing – WSJ
European Currencies Rally, Dollar-Bloc Heavy – Marc
to Market
US session ahead
Pre-market
Commentary – Marketwatch
Pre-Market
Trading – CNNMoney
Pre-Market
– NASDAQ
Earnings
& Events – The
Street
MarketCurrents
– Seeking
Alpha
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
EUROPE
Agenda 2013: the next steps in completing EMU – ECB
Speech by
Jörg Asmussen at Internationaler Club Frankfurter Wirtschaftsjournalisten,
Frankfurt am Main, 19-Dec-2012
ECB: Greek bonds eligible collateral – ECB
Swedish X-mas Indicators – Nordea
(pdf)
a chart-pack
about the Swedish economy
European
leaders pieced together an historic compromise last week on a European banking
union. This column argues that the agreement, which centred on banking
supervision, is only the first step on the long and winding road towards a
banking union. But the fact that this step is now essentially confirmed is
almost unqualified good news.
Monetary policy and banking supervision – voxeu.org
Eurozone
leaders agreed to transfer bank supervision to the ECB with the detail yet to
be fleshed out. It is widely acknowledged that giving the ECB two tasks creates
a conflict of interest. This column argues that the two functions must be
separated by setting up a Supervisory Board, operating independently within the
ECB, and by granting the new supervisors a solvency instrument that is
independent of the interest rate.
GERMAN
IFO
Ifo
Business Climate Improves – CESIFO
Ifo points
to further improvement – Danske
Bank (pdf)
German
Business Confidence Rises for a Second Month – BB
ASIA
OTHER
Morning Briefing (EU/US) – BNY
Mellon
This weekend provided another encouraging sign from China.
Nordea Risk
Perception Index week 51 – Nordea
(pdf)
Spread compression and decreases in implied vol. Risk
premiums likely to continue tightening in beginning 2013, but upside risks
remain. (summary)
IN FINNISH
Pankkiunioni tai ei – Suomi kantaa muiden
riskejä – Jan
Hurri / TalSa
Edes "aito
pankkiunioni" ei vähentäisi euromaiden liikoja velkoja eikä pienentäisi
liikoja pankkiriskejä. Rakenteilla onkin Frankensteinin finanssihirviö, jossa
riskit on vain tarkoitus ensin pilkkoa ja sitten koota uuteen kokoonpanoon.
Suomi saisi taas kantaakseen muiden riskejä – niin kuin kriisitoimissa tähänkin
asti.