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Tuesday, February 5

5th 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: UK Services, EU Retail Sales, US ISM Non-Mfg.TradingFloor
The market is expecting weak numbers for the services sector in Britain and retail sales in the Eurozone today. By contrast, the ISM Manufacturing Index for the US is projected to deliver another round of upbeat news.

Market Preview: Eurozone concerns re-emerge; services PMIs eyedTradingFloor
European markets are expected to open almost flat Tuesday. Markets remains cautious amid renewed concerns about the political situation in Spain and Italy. Investors will keep a tab on services PMI data across Europe and the US due later today.

Danske DailyDanske Bank (pdf)
US and Asian stock markets have dropped on the back of increased political worries in Spain and Italy. European shares saw major corrections in yesterday’s trade. The euro has been hit by the renewed political worries, which have also pushed down US bond yields, while Spanish and Italian yields have spiked.  The Reserve Bank of Australia this morning kept its key policy rate unchanged at 3% but signaled that it might cut rates if the economy weakens.  The Aussie dollar weakened on the back of the decision. Market movers today: Focus on service PMI in the eurozone and ISM non-manufacturing in the US.  Focus on eurozone politics is back keep an eye on Spain and Italy. 

AamukatsausNordea (pdf)
Kiinan palvelusektorin mieliala piristyi * Loppuviikosta väännetään EU:lle budjettia vuosille 2014–2020 * Huolet Espanjan poliittisesta tilanteesta painoivat euroa

AamukatsausTapiola (pdf)
Etelä-Eurooppaan palannut poliittinen epävarmuus painoi osakemarkkinoita. YIT suunnittelee jakautumista kahdeksi listatuksi yhtiöksi. Osakefutuurit nollassa nyt aamulla - indikoiden tasaista avausta pörssiin. 4Q12 tuloksia: Kesko, Neste Oil, YIT, Wulff Group, Vacon. Eurooppalaisten osakesektori-ETF:ien seuranta: Pääomavirrat keskittyivät riskisimpiin osakesektoreihin.

MarkkinakalenteriNordnet
MarkkinakalenteriTaloussanomat

EUROPE
Spain: No MasMarc to Market
We suspect the flare up in political tensions is noise and that the underlying signal generated by the OMT backstop (which is the inducement cited by some of the world's largest money managers for returning to the European debt market) and the more recent passive tightening of monetary conditions in Europe will continue to underpin the euro. 

Siesta no moreNordea
Political risk has been on the rise again in Spain and Italy lately, serving as the latest reminder that the risks inherent in these countries have by no means gone away.

IN FINNISH
Suomen talouden madonlukuja sijoitusammattilaisen analyysissä – euro tulee ja euro tappaatyhmyri

Miksi eurokriisi palaa ja todennäköisesti entistä suuremmalla voimalla?tyhmyri

Epäolennaisuuksien EurooppaHenri Myllyniemi / Piksu