So, will Cyprus be solved during the weekend? If yes, you should be risk-on around Friday's close. If no, you'd better pray - though risk-off could help.
Previously on MoreLiver’s:
Roundups
News
roundup – Between
The Hedges
The 6am Cut
London – alphaville
/ FT
Emerging
Markets Headlines – beyondbrics / FT
MORNING BRIEFINGS
Juhani
Huopainen: Germany's IFO Business Climate Index is
today's only notable data point, but as the Markit PMI already indicated March as being a
weak month, all eyes will be on Cyprus.
European
markets are likely to open weaker Friday. S&P has cut its credit rating on Cyprus to CCC. Meanwhile, any developments in the
Cypriot bailout deal will be keenly watched. Additionally, today's German Ifo
sentiment data will be in focus.
Aamukatsaus – Nordea (pdf)
Paineet ratkaisun löytymiseksi Kyproksen
tukipakettineuvotteluihin kasvavat * Nyt on investointien aika! * Odotettua
heikommat luottamusluvut painoivat euroa ja Saksan korkoja
Aamukatsaus – Tapiola (pdf)
Markkinakalenteri – Nordnet
Markkinakalenteri – Taloussanomat
EUROPE
What happens if a Eurozone NCB goes rogue? – self-evident
So what
would happen — what physically would happen — should the ECB governing council
vote to terminate ELA to Cypriot banks, but the Central Bank of Cyprus provided it anyway?
Special Report: Inside Putin's central bank
surprise – Reuters
"It
will be a surprise - you'll like it," President Vladimir Putin said with a
smile when asked whether he had decided who should be next head of Russia's central bank.
What British 'austerity' would look like if we
were in the eurozone
– The
Telegraph
One thing
that constantly amazes me reading the often self contradictory drivel which is
written about the economic crisis is the way many commentators seem to apply
one set of rules to the Eurozone and another to the UK.
UNITED STATES
The Recovery is Real – Tim
Duy’s Fed Watch
HFT Reality: 70% Of Price Moves Are
Disconnected From Fundamental Reality – ZH