Market-wise, the Japanese situation is probably the most import moving part in the Matrix. Medium-term, the demands from the IMF to restructure Greek debts and the expected conditional "Yes, but" from the German Constitutional Court on the ECB's OMT-program are the most important ones.
Previously on MoreLiver’s:
Roundups
News roundup – Between The
Hedges
The 6am Cut London – alphaville
/ FT
Emerging Markets
Headlines – beyondbrics
/ FT
MORNING BRIEFINGS
Updates on industrial
production for France and investor expectations for the Eurozone will test the
ECB's forecast of better days for Europe in
2013's second half. Later, the Conference Board releases its broad index of the
US labour market's trend.
Market Preview: Eurozone Sentix investor
confidence index eyed – TradingFloor
European markets are
expected to open mostly lower Monday following weak Chinese economic data over
the weekend. Traders will keep an eye on the Eurozone Sentix investor
confidence index due later today which is likely to show an improvement in
June.
Danske Daily – Danske
Bank (pdf)
Euro area Sentix
investor confidence will give a first impression of market sentiment
in June. Fed
speeches are still being scrutinised for signs of an imminent scaling-down of
the Fed’s asset
purchases. The BoJ has started its two-day monetary meeting and will announce
its decision
early tomorrow morning.
Aamukatsaus – Nordea
Työllisyysluvut
eivät pettäneet, lisää jenkkilukuja viikon aikana * Kiina: Ei merkkejä
piristymisestä * Öljy jälleen vahvana
Aamukatsaus – Tapiola (pdf)
EUROPE
IMF Says Another Greek Bailout Necessary – ZH
The IMF is refusing to
participate in further rescue programs for Greece unless financing for the
nation is secured for the next 12 months - in other words - a new haircut for
Greece will be required to cover the EUR4.6 billion funding shortfall.
The ECB's "Unlimited, Open-Ended"
Bond Purchase Program Gets A €524 Billion Limit – ZH
ECB says bond-buying program is unlimited – Reuters
A spokesman for the
bank on Sunday denied a German newspaper report published in the run-up to a
court hearing on the scheme.
Scandi markets ahead: Inflation data and heavy
government bond issuance – Danske
Bank (pdf)
ASIA
China Data Dump: Moderation, but no Stimulus in
Response – Marc
to Market
The Zero Upper Bound? – Noahpinion
Japanese bond prices
have dropped despite BoJ purchases – weird?
Japanese Stocks Surge By Most In 27 Months; JPY
& JGBs Shrug – ZH
OTHER
Thoughts on the Week Ahead – Marc to
Market