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Wednesday, December 5

5th Dec - US Open



Previously on MoreLiver’s:

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Roundups & Commentary
Frontrunning – ZH
Overnight: Another Overnight Futures Ramp – ZH
The Lunch Wrap – alphaville / FT
Emerging N.Y. headlines – beyondbrics / FT
Today’s front pages – presseurop
Daily press summary – Open Europe

Morning MarketBeat: Special Dividends Already Boosting Stocks – WSJ
Broker Note Briefing – WSJ
Roundup: Dollar Stabilizes, but Remains FragileMarc to Market
The T-Report: Lord Cliffdemort – TF Market Advisors
 
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
Tracking Europe’s Debt Crisis – NYT
FX Options Analytics – Saxo Bank
European 10yr Yields and Spreads – MTS indices
Economic Calendar – Forexpros

EUROPE
Serial Government Defaults In The EurozoneTestosterone Pit

ESM issues bonds for the recapitalisation of the Spanish banking sectorAlea

Will Germany hold up the banking union?Brussels blog / FT

Bank of England Preview: No move from the MPCDanske Bank (pdf)
We expect the Bank of England to remain on hold at Thursday’s Monetary Policy Committee (MPC) meeting. We think the BoE will stay in wait-and-see mode in the near future. As consensus is almost unanimous on unchanged policy, we expect a muted market reaction following the MPC decision.

David Cameron set to offer in-out EU votepresseurop
UK Prime Minister “David Cameron is ready to give voters the chance of rejecting Britain’s membership of the European Union in a landmark referendum,” reports The Times.

OTHER
Nordea Risk Perception IndexNordea (pdf)
Market reactions on balance indicating improved sentiment – especially out of Europe * Nordea Risk Perception Index has thus softened further – particularly driven by EM, Credit and Rates * Low-for-even-longer view may pressure vols further until year end * However, investors may be more cautious due to plenty of event risk * Continue applying vol markets either to benefit from underlying markets being range bound and/or to obtain protection against downside risks.

IN FINNISH
Kallista pankki- ja vaalitukea Saksaan – sinä maksatJan Hurri / TalSa
Saksa on sittenkin valmis antamaan anteeksi Kreikan tukiluottoja – mutta vasta sitten, kun maan oma "vaalisykli" sallii ja "omat" pankit ovat kuivilla. Saksa haluaa saada omansa pois ennen Kreikka-lainojen leikkauksia. Temppu onnistuu, kunhan Suomi ja muut euromaat jatkavat kiltisti maksamista.

Amerikkalaisguru Helsingissä: "Euromaiden vajeet yhteiseen piikkiin"TE

SAK:n Huutola varoittaa hallitusta puuttumasta eläkkeisiinHS