Previously on MoreLiver’s:
Roundups
News
roundup – Between
The Hedges
The 6am Cut
London – alphaville
/ FT
Emerging
Markets Headlines – beyondbrics
/ FT
MORNING BRIEFINGS
Another
round of modest improvement in Eurozone sentiment is expected, followed by
forecasts of decelerating growth for US employment this month and a
relatively weak initial estimate of fourth-quarter US GDP in today's follow-up data news.
European
markets are expected to open higher on Wednesday. Markets are keeping an eye on
the US monetary policy meeting and fourth quarter GDP data due later today which is
expected to indicate a slower pace of growth.
US stocks
continue strong performance despite weak US consumer confidence. Asian stocks
rise on strong Korean production and positive sentiment. All eyes on the Fed
today. We expect a continued soft tone in the statement.
Aamukatsaus – Nordea (pdf)
Pankkisääntelyyn muutoksia * USA:sta ristiriitaista
talousdataa * EUR/USD sai tukea USA:n asuntojen hintojen noususta
Aamukatsaus – Tapiola (pdf)
Aamukatsaus – Tapiola (pdf)
USA:n kuluttajaluottamus heikentyi voimakkaasti, mutta
asuntomarkkinoilta odotettuja lukuja. Tänään mielenkiinto USA:n BKT-kasvussa ja
FED:n korkokokouksessa. Osakefutuurit nyt
aamulla nollassa - indikoiden tasaista avausta pörssiin. Matalatuottoisten
kiinteäkorkoisten velkakirjojen riski toteutumassa? Nordealta vahvat luvut,
Kesla lievä pettymys kannattavuuden osalta.
Markkinakalenteri – Nordnet
Markkinakalenteri – Taloussanomat
EUROPE
All the things Olli said – Fistful of
Euros
It’s
probably a good sign for the influence of the European Parliament that remarks
made to it by a European Commissioner can cause a row. So it is with Economic
and Monetary Affairs Commissioner Olli Rehn who presented a narrative of Italy’s flirtation with bond market
shutdown during October and November 2011 that seemed too favourably disposed
to the arrival of Mario Monti as the game-changer
European states are using the example of Greece to justify unpopular
domestic reforms – europp / LSE
UNITED STATES
ML Fund Managers Survey - Jan 2013 – Short
Sidde of the Long
Interestingly,
despite high risk appetite and overly-bullish growth expectations (especially
in China), fund managers allocation towards commodities
remains underweight. Furthermore, the survey also reports that managers remain
underweight Energy & Materials as well
Deflating the housing bubble – an update – Fabius Maximus
Since the
first post here about the housing crisis in December 2007, it’s been described
here as not just a central piece of the economic weakness but a illustration of
our political dysfunctionality — our inability to use a crisis to identify
structural weaknesses and generate the pressure for their reform.