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Friday, February 15

15th Feb - US Open: G20 a Dud?




Previously on MoreLiver’s:

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Roundups & Commentary
Frontrunning – ZH
OvernightZH
The Lunch Wrap – alphaville / FT
Emerging N.Y. headlines – beyondbrics / FT
Daily press summary – Open Europe

Morning MarketBeat: Yields Analyzed – WSJ
Broker Note Briefing – WSJ
Apocalyptic Week Winds Down – Marc to Market
Morning Briefing (EU/US): I’ll take the low road – BNY Mellon
  Observing yesterday’s awful Euro-area GDP data, proponents of Japan’s ‘wild abandon’ may have concluded that it is indeed on the right track

ASIA
Muto ado about somethingalphaville / FT
It’s the latest in Japanese swings and roundabouts, pushing the yen higher and JGB yields and stocks lower… What to blame?

G20
G20 wrangles on currencies, deficits at Moscow talksReuters
The Group of 20 major economies struggled to find common ground on currencies and borrowing, exposing rifts between advocates of a dash for growth and supp

Draghi: currency talk fruitless, self-defeatingReuters
Criticized "chatter" on currencies that has roiled foreign exchange markets in recent weeks.

War Not Worth Winning as G-20 Debates Yen IntentionsBB

G-20 Seeks Common Ground on Currencies After Yen SplitBB

Someone needs to plug the G20 leak - for everyone's sakeTradingFloor
Ken Veksler: Yet more “draft” communiqué leaks from the freshly started G20 summit in Moscow did little to the market other than to simply repeat what we heard earlier. They promise not to intervene in markets, blah blah blah, bottom line, who cares really.

Melt-up or melt-down on this G20 - or both?TradingFloor
John J Hardy: This G20 meeting is a real test of where global markets stand as the currency war theme links directly to the developments in risk appetite as well. Action is likely to stay heated in coming trading days.

OTHER
Commodities UpdateDanske Bank (pdf)
Oil: geopolitics support but risk of correction growing

Yield Forecast UpdateDanske Bank (pdf)
Global recovery to push long-end rates higher

Weekly Credit UpdateDanske Bank (pdf)

Emerging Markets Briefer - Feb 2013Danske Bank (pdf)

Eurosystem and Bank of Russia hold their high-level seminarECB

Perspectives Feb: Reductions in key interest ratesPictet (pdf)
Central banks of several medium-sized economies lowered their key interest rates in the first weeks of the New Year. In most cases, this was triggered by an economic slowdown.

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