Roundups
News roundup – Between
The Hedges
The 6am Cut London – alphaville
/ FT
Emerging Markets
Headlines – beyondbrics
/ FT
Europe Morning MoneyBeat: Markets To Pause Before
German Labor Data – WSJ
Asia: JOMO Arigato Mr. Kuroda – ZH
MORNING BRIEFINGS
New unemployment and
inflation numbers for Germany arrive today. Meanwhile, the CBI Distributive
Trades Survey offers guidance on the outlook for UK retail sales.
Market Preview: German CPI and unemployment
data in the spotlight – TradingFloor
European markets are
likely to take a breather and open in the red Wednesday, while investors will
keep an eye on German CPI and unemployment data for further direction. Meanwhile,
the IMF has lowered its economic growth forecast for China.
Danske Daily – Danske
Bank (pdf)
We expect that German
inflation has remained subdued in May. Core inflation is running at a very low level
and commodity prices are held in check by positive supply side factors and
fading Chinese demand. The euro area M3 release for April will give insight
into the credit growth situation in the
euro area – tight
credit is a key factor restraining growth currently. Further, German
unemployment is expected to remain unchanged in May.
Aamukatsaus – Nordea
Katkeaako déjà vu
-kierre? * EU lataa likviditeettiasetta * Öljyn hinta pomppasi
Aamukatsaus – Tapiola (pdf)
PKC Group
varoitti aamulla koko vuoden vertailukelpoisen liiketuloksen jäävän
edellisvuotta heikommaksi. Negatiivista kurssireaktiota lieventää tappion
rajautuminen yhteen yksikköön Brasiliassa. Markkinan suunta: USA:n
kuluttajaluottamus käänsi osakemarkkinat jälleen nousu-uralle. Kiinan
kasvuodotukset jatkavat laskuaan, IMF laski kuluvan vuoden kasvu ennusteen
7,75%. Osakefutuurit miinuksella, indikoiden laskuavausta OMX HEX:iin.
EUROPE
Spain Records Largest First Quarter Deficit in
History; Tax Revenues Plunge 6.7% Year-Over-Year; Surprising Comments from
German Finance Minister Wolfgang Shäuble – Mish’s
UNITED STATES
NYSE Margin Debt Hits a New All-Time High – PragCap
NYSE Margin Debt Rises To New All Time High As
Net Worth Slides To Record Low
– ZH
ASIA
Companies in China are still profitable despite slower economic
growth, but the gap between industry leaders and laggards is widening.
Aussie Central Bank Has More Work to Do on
Rates, Says Pimco – WSJ
Down, down, deeper and down – alphaville
/ FT
We are, of course,
talking about the Australian dollar — now going head to head with the Syrian
pound for the title of the world’s worst performing currency.
OTHER
Hugh Hendry Latest Investments And Outlook – ZH