Previously on MoreLiver’s:
Roundups &
Commentary
US Opening
News And Market Re-Cap – Ransquawk / ZH
Frontrunning – ZH
Overnight: Bored Markets Looks To ECB Announcement For
Some Excitement – ZH
The Lunch Wrap – alphaville
/ FT
Emerging N.Y. headlines
– beyondbrics
/ FT
Today’s front pages – presseurop
Daily press summary – Open Europe
US voices concern about potential UK exit from EU; FT: New relationship with EU
should be put to in/out referendum
Morning MarketBeat: Investors ‘Unnervingly Calm’ – WSJ
Broker Note Briefing – WSJ
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
Come play ECBopoly – alphaville
/ FT
Go on,
pretend you’re on the governing council. Here are the data points you have to
try to steer monetary policy with
ECB to hold fire as economy shows glimmers of
hope – Reuters
The ECB is
expected to keep interest rates at a record low of 0.75 percent on Thursday,
refraining from a cut as the euro zone economy shows some signs of stabilizing
and inflation still tops its target.
Super Central Mario and those Spanish auctions – TradingFloor
Today's
Spanish bond auction was enough to give EURUSD a small boost back towards
recent highs. This afternoon's star will be the European Central Bank's Mario
Draghi. As always there will be a wild ride in spot markets as soon as he opens
his mouth.
Is there a Merkel alternative? – Reuters
Germany's opposition is strong, and it may
win this year's elections. But if it does, don’t expect much change. Europe's hegemon is a cautious beast, left
or right.
After a long, long wait, Britain’s David
Cameron is poised to make his big speech on his country’s future ties with Europe. It was
supposed to be delivered in the autumn but has been delayed as the realization
has dawned that there is no obviously good outcome for the ruling Conservative
party’s leadership which faces implacable eurosceptics within its
rank-and-file, many of whom want out of the EU completely.
UNITED STATES
Don’t play with the debt ceiling – Nordea
(pdf)
As the
deadline for raising the US federal debt ceiling nears without
a resolution, markets are likely to get increasingly nervous (or read the summary)
Blogs review: The trillion-dollar platinum coin
option to the debt ceiling – Bruegel
ASIA
China trade: good news,
surely? – beyondbrics
/ FT
China’s exports rebounded to 14.1 per
cent year on year in December – far higher than expected by economists. Imports
were up 6 per cent too, after five slow months. Stocks have ticked upwards in
response. Hurrah! So why do some analysts sound less than cheerful?
Fresh Chinese data
shows that the economy gains strength – Nordea
Japan has a real chance of ending
deflation. But the authorities need to act boldly. It will be hard for the Bank
of Japan to dispel a decade of accumulated pessimism by merely adopting a
formal inflation target. The goal of the central bank and the finance ministry
should be to make people believe that price gains that didn’t occur in the past
10 years will now take place. A de facto currency peg may be the way to
engineer those expectations.
OTHER
Morning Briefing (EU/US): In for a penny – BNY
Mellon
Mervyn
King, a man whose faith in the mertis of simple inflation targeting may have
waned, fears that mercantilism is on the rise