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Wednesday, February 20

20th Feb - EU Open



Previously on MoreLiver’s:

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

MORNING BRIEFINGS
3 Numbers to Watch: FR business climate, UK jobs, US house startsTradingFloor
The market is looking for signs of stabilization in today’s business climate indicator for France, followed by upbeat expectations for the UK labour market report. Meantime, forecasters see a pullback for US housing starts.

Market Preview: EU consumer confidence and FOMC minutes in focusTradingFloor
European markets are expected to open mixed Wednesday. Investors keenly await a slew of economic releases across Europe and the US due later today. Also, minutes of the BoE's and the Fed's last monetary policy meetings will garner market attention.

Danske DailyDanske Bank (pdf)
Risk markets had another good day and the positive sentiment continued overnight. Price action in bond markets more muted;  investors await the FOMC minutes  and Italian election. Focus today will be on the minutes from the January FOMC meeting

AamukatsausNordea (pdf)
Paremmat ajat edessä Saksassa * USA:n rakentajien luottamuksessa väliaikainen notkahdus * Saksan ZEW-indeksin voimakas nousu vahvisti euroa

AamukatsausTapiola (pdf)
Saksan sijoittajaluottamuksen voimakas parantuminen nosti osakemarkkinoita. Tänään euroalueen kuluttajaluottamuksen ennakko, jonka odotetaan jatkaneen nousuaan. USA:sta tänään asunto ja inflaation tietoja klo 15.30. Osakefutuurit nollassa, indikoiden tasaista avausta pörssiin.

MarkkinakalenteriNordnet
MarkkinakalenteriTaloussanomat

EUROPE
France's fiscal tightening is inhibiting growthSober Look
France seems to be the only EMU nation who is undergoing a larger fiscal tightening in 2013 than it did in 2012.

Italian Elections: Rounding the Last Pole Fistful of Euros
What might have been a sustained debate on the merits of austerity measures in a prolonged recession, on the future of Italian employment and its welfare state or a host of other pressing issues, has instead taken on the quality of an unsavory burlesque revue.

Following a litany of failures, few will miss Cyprus’ outgoing presidenteuropp / LSE
This weekend Cyprus will elect a new president. James Ker-Lindsay writes that history will not be kind to outgoing president, Dimitris Christofias – and rightly so. Over the course of the past five years he has presided over the failure of yet another round of UN peace talks aimed at reuniting the island, oversaw the collapse of the island’s economy, and was blamed for a major disaster.

To Be Ireland or Iceland?—The Real Choice Before Cypriot VotersPIIE
In the first round of the presidential election in Cyprus on February 17, Nicos Anastasiades, the center right presidential candidate, won 45.5 percent of the vote, setting up a final round against Stavros Malas from the communist AKEL party.

IN FINNISH
Osuinkohan oikeaan?Henri Myllyniemi / piksu
Aivan tämän vuoden alussa pohdin mahdollista "vuoden termiä". Viime vuonnahan tuo titteli taidettiin ojentaa Grexitille. Arvelin IMF:n tutkimuksen ns. fiskaalikertoimen tarkistustarpeesta tulevan vielä otsikoihin.

Suomen inflaatioennusteet uusiksi?Nordea
Tilastokeskuksen tänään julkaisemien tietojen mukaan kuluttajahintojen nousu hidastui tammikuussa 1.6 prosenttiin vuodentakaisesta. Etukäteen odotimme jokseenkin samankaltaista nousua kuin joulukuussa eli 2.4 prosenttia vuodentakaisesta