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Monday, February 11

11th Feb - EU Open



 
 
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During the weekend on MoreLiver’s:
Off-Topic & Finnish (anything else but markets)
Economics & Markets (for wonks)
The World (Europe, US and Asia articles)
Weekly Support (weekly previews and reviews)
Best of the Week (what I liked during the past week)

Roundups
News roundup – Between The Hedges
The 6am Cut London – alphaville / FT
Emerging Markets Headlines – beyondbrics / FT

MORNING BRIEFINGS
3 Numbers to Watch: French industrial production, EURUSD & EURGBPTradingFloor
An update on industrial production for France is the only major economic news for Europe today, which means that the EURUSD and EURGBP face a trading day that may be overly dependent on one number.

Market Preview: EU finance ministers meeting in the spotlightTradingFloor
European markets are expected to open flat Monday, but will keep an eye on the Eurozone finance ministers meeting later today to discuss aid to Greece and Cyprus. Meanwhile, EU leaders reached a deal on the region's 2014-20 budget on Friday.

Danske DailyDanske Bank (pdf)
US equities rose and S&P500 ended the week higher for the sixth consecutive week. EU leaders managed to reach a seven-year budget deal. Most markets in Asia are closed due to public holidays.

AamukatsausNordea (pdf)
Ruotsin keskuspankilta odotellaan koronlaskua * Euroalueen BKT-luvut huomion keskipisteenä * Öljyn hinta nousi korkeimmilleen yhdeksään kuukauteen

Aamukatsaus – Tapiola (pdf)

MarkkinakalenteriNordnet
MarkkinakalenteriTaloussanomat


EUROPE
Euro Ministers Seek New Crisis Momentum as Unrest ReturnsBB
Ministers from the 17-member euro area meet in Brussels to discuss aid to Cyprus and Greece as a tightening election contest in Italy and a political scandal in Spain disrupt market calm. Group of 20 finance chiefs and central bankers will gather in Moscow later this week.

Breakthrough at EU budget summiteuobserver
European Union leaders are ready to cut spending in the coming seven years, with agriculture and cohesion to take the biggest hits. The cuts would be a first in the bloc's six decade history.

  IRELAND
Ireland Was Right to Force ECB’s Hand on Debt-Relief PlanView / BB
Ireland has reached a debt-relief deal that, in principle, could serve as a precedent for European leaders in their dealings with other financially troubled governments. All you have to do is ignore the details of how it happened.

Doubts still on euro zone recapitalization for Irish banks: central bankReuters
Moves to allow euro zone rescue funds such as the ESM to directly recapitalize a member nation's banks are 'encouraging', but a big question mark remains over whether they will apply retrospectively to the likes of Ireland, the country's central bank governor said on Sunday.

  ITALY
Berlusconi Ally May Seek Local Currency for Use Alongside EuroBB
Silvio Berlusconi’sbiggest political ally in the campaign for Italian parliamentary elections said he may support a plan to create a local currency that could be used alongside the euro in the region of Lombardy.

ECB’s Visco Says Some Italian Lenders Still Need More CapitalBB
Italy is mired in its fourth recession since 2001 as Prime Minster Mario Monti’s policies to contain the budget deficit curb domestic demand. Unemployment was at the highest in more than 13 years in December and consumer confidence fell in January to the lowest level since at least 1996.

OTHER
'Cleanest Dirty Shirt' Or Greatest Fool Standing?ZH

FX Comment: G20 – From Russia, Without LoveNordea

Inflation, Mean-Reversion, And 113 Years Of Bond & Stock ReturnsZH

Not all "risk assets" are created equal Sober Look

2013 Investment ThemesJohn Mauldin / The Big Picture

Key Events In The Coming Week And Complete February European CalendarZH

IN FINNISH
Suomi, pohjolan ylpeä nettomaksajaPerttu Hilman / IL blogit

Japanin julkinen sektori tukee tietoisesti ja avoimesti pieniä yrityksiä julkisissa hankinnoissa – toisin meillä Suomessatyhmyri


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