Roundups & Commentary
Frontrunning – ZH
Overnigh: – ZH
The Lunch Wrap – alphaville
/ FT
Emerging N.Y. headlines – beyondbrics
/ FT
Daily press summary – Open Europe
Morning MarketBeat: Fed Seen Keeping Stimulus Spigots
Wide Open – WSJ
Broker Note Briefing – WSJ
Interest Rates Drive
Divergence in FX – Marc
to Market
EUROPE
Market and
real economic divergence continues apace in the European periphery and, much
like Italy, Spain is again showing worrying signs
that further fiscal tightening is creating far more severe negative
consequences than “expected”.
Cyprus, the small economy with the
relatively massive bank recapitalisation problem, may have some kind of good
news in its quest for a bailout: Germany might not be so wedded to blocking
or delaying said bailout after all.
Results of the January 2013 euro area bank
lending survey – ECB
The details
of Europe’s new financial transactions tax
won’t be made public for a few weeks, but the FT’s Alex Barker has seen a
draft, and it looks impressively robust.
Euro-Area Economic Confidence Rises More Than
Estimated – BB
OTHER
The
unfortunate thing about currency wars is that one party always comes off worst.
On which side will we find New Zealand?