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Thursday, February 14

14th Feb - US Open: GDP Shake




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Previously on MoreLiver’s:

Roundups & Commentary
Frontrunning – ZH
Overnight: Futures Slump As Global Q4 GDPs DumpZH
The Lunch Wrap – alphaville / FT
Emerging N.Y. headlines – beyondbrics / FT
Daily press summary – Open Europe

Morning MarketBeat: Does ‘Great Rotation’ Even Matter? – WSJ
Broker Note Briefing – WSJ
Poor GDP Sinks Euro – Marc to Market
Morning Briefing (EU/US): Diplomacy – BNY Mellon
  Despite its reassurances, Japan officials will not re-order their priorities on a dime

EUROPE
EU unlikely to punish France for budget lapseeuobserver
France predicts it will fail to meet EU budgetary targets this year, but the European Commission is unlikely to take action.

An EU-US trade deal: some of the stickiest potential sticking pointsThe World / FT

Portugal: ‘16.9% – Unemployment rises and business warns of more job cuts’presseurop

Monthly Bulletin, February 2013ECB (pdf)

Statistics Pocket Book, February 2013ECB (pdf)

The importance and effectiveness of national fiscal frameworks in the EUECB (pdf)

  4Q GDP
German Economy Contracted More Than Forecast in 4QBB
German, French economies throw recovery into doubtReuters
Europe's two largest economies, Germany and France, both shrunk markedly in the last three months of 2012, suggesting the euro zone has slipped deeper into recession and throwing a first quarter recovery for the bloc into doubt.

Valentine’s day GDP massacrealphaville / FT

Valentine's Day MassacreFree exchange / The Economist

ASIA
Japan's economic contraction supports government policy actionReuters
Japan's economy unexpectedly contracted in the fourth quarter, failing to escape a mild recession and playing into the hands of a government pushing for more aggressive monetary expansion that's drawn international criticism.

OTHER
What I’ll be watching in 2013mpettis
1) how quickly growth adjusts 2) how quickly new debt emerges 3) financial scandals 4) bank activities 5) inflation 6) prices of hard commodities 7) trade numbers 8) Spanish bond market 9) Target2 10) Japan

EMEA WeeklyDanske Bank (pdf)

IN FINNISH
Saksako muka talousveturi? Ennemmin kasvurohmuJan Hurri / TalSa
Euromaat saavat yhteensä aikaan saman verran teollisuustuotantoa kuin euroajan alussa pian 15 vuotta sitten. Tilastojen takaa paljastuu talouden raju jako euroajan voittajiin ja häviäjiin. Saksan ja parin muun vahvan maan teollisuus kasvoi sen minkä Ranska ja muut heikot menettivät. Euro ei auttanutkaan taloutta yhdentymään niin kuin piti. Kävi päinvastoin.