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Wednesday, May 8

8th May - 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
Asia Morning MoneyBeat – WSJ
Europe Morning MoneyBeat – WSJ

MORNING BRIEFINGS
3 Numbers to Watch: German ind prod; German 5yr, US 10yr auctionsTradingFloor
Today’s auction of 5-year German government bonds and an update on Germany’s industrial production, will be closely watched in the wake of yesterday’s strong report on factory orders. Later, the US Treasury auctions a new supply of 10-year notes.

Market Preview: Robust China trade data; German ind. output eyedTradingFloor
European markets are expected to continue the uptrend and open in the green Wednesday. Meanwhile, Chinese trade data released earlier today topped market estimates. Traders are likely to eye today's German industrial production for further direction.

Danske DailyDanske Bank (pdf)
Asian equity markets follow the positive trend from Wall Street yesterday as Chinese
export data surprise on the upside. In Europe semi-core and peripheral government bond markets continue their strong performance.

AamukatsausNordea
Kiinan vääristellyt vientiluvut nousussa * Suomi: Varaudu kovaan viennin pudotukseen * RBA:n koronlasku painoi Australian dollaria

AamukatsausTapiola (pdf)
Osakemarkkinoiden suunta jatkuu ylöspäin, Saksan tehdastilaukset yllättävän vahvoja maaliskuussa.
Kiinan vienti ja tuonti yllättävän hyvää, markkinoilla epäiltiin kuitenkin lukujen luotettavuutta.
Osakefutuurit  nollassa, ennakoiden tasaista avausta OMX HEX:iin. ETF uutuus – Minimivolatiliteetin osakkeet: Matalariskiset osakkeet mielenkiintoinen vaihtoehto heikoille korkotuotoille. 1Q13-tuloksia: Metsä Board, Elecster, eQ, Lemminkäinen, Lännen Tehtaat, PKC Group, Ramirent, Sampo, Technopolis, Tiimari, Wulff-Yhtiöt. Honkarakenne klo 15.

MarkkinakalenteriNordnet
MarkkinakalenteriTaloussanomat

EUROPE
What did he mean by that?MacroScope / Reuters
There were some carefully chosen words from Germany yesterday with Finance Minister Wolfgang Schaeuble saying that elements of a banking union would have to be pursued without lengthy and arduous treaty change, something he’d previously said would be necessary.

UNITED STATES
Rising Structural Unemployment?Tim Duy’s Fed Watch
The longer we wait for this bias to diminish, the more likely it is that the unemployment does indeed become structural. Then we would expect rapidly rising wages despite elevated unemployment.  Another argument for pulling on all the stimulus levers. Alas, that is not the case.

ASIA
Analysts frantically revising Japanese corporate earnings projectionsSober Look

OTHER
New forecasts for ECB, market rates and the EUR/USD Nordea

FINNISH
Taivaan ei ehkä annetakaan romahtaaHenri Myllyniemi / piksu

Meidän tulisi kiittää Giuseppe GrilloaHenri Myllyniemi / US Puheenvuoro

Yrityssaneerauksien määrä kasvoi tammi-maalisk.Tilastokeskus
Yksityishenkilöiden velkajärjestelyt lievässä laskussa tammi-maalisk.Tilastokeskus
Konkurssien määrä edellisvuoden tasolla tammi-maalisk.Tilastokeskus