Boy, it will be a busy week. My gut feeling is that this week will be remembered as the straw that did the camel in. The camel has no double hump, it is a double-w, and the end of popular support for the euro is has landed. Noticeable, very 1998-like reaction in JPY and especially in EURJPY.
Previously on MoreLiver’s:
Special: Italian Elections (updated!)
Roundups
News
roundup – Between
The Hedges
The 6am Cut
London – alphaville
/ FT
Emerging
Markets Headlines – beyondbrics
/ FT
MORNING BRIEFINGS
The UK CBI Distributive Trades Survey is
expected to show some relief for February consumer spending in Britain,
followed by two housing reports for the US that are projected to show more
improvement in prices and sales.
The
political gridlock after Italy's elections is expected to weigh
sharply on European markets at Tuesday's open. Meanwhile, the Fed Chairman's
testimony to the Senate Banking Committee later today is expected to hold
market interest.
Hung
parliament in Italy and already discussions that
re-election is needed and that election laws need to be changed. Fears that the
debt crisis might be reignited could potentially resurface. Strong negative
opening for European bourses expected this morning.
Aamukatsaus – Nordea
(pdf)
Voittajat vähissä Italian vaaleissa * Teollisuuden
luottamuksesta lisää huonoja uutisia USA:sta? * Italian vaalitulos heikensi
euroa ja painoi riskinottotunnelmaa korkomarkkinoilla
Aamukatsaus – Tapiola (pdf)
Italian vaalien
lopputulos pääsi yllättämään markkinat, USA:n markkinoilla voimakasta laskua. Osakefutuurit alas,
indikoiden jyrkkää laskuavausta pörssiin. Tapiola Pankin uudet osakevalinnat
mallisalkkuun.
Markkinakalenteri – Nordnet
Markkinakalenteri – Taloussanomat
EUROPE
ECB Should Pledge to Not Do Anything Stupid – Tim
Duy’s Fed Watch
UNITED STATES
Fed’s Lockhart: Bond Buying Should Continue at
Least Through Summer
– WSJ
ASIA