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Tuesday, August 13

13th Aug - EU Open



Previously on MoreLiver’s:

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News roundup – Between The Hedges
The 6am Cut London – alphaville / FT
Asia Morning MoneyBeat: U.S. Stocks Listlessly Drift to Mixed Finish – WSJ
Europe Morning MoneyBeat: Stocks Seen Helped by Nikkei Gains – WSJ


MORNING BRIEFINGS
3 Numbers To Watch: UK CPI, German ZEW, US retail salesTradingFloor
UK inflation, Germany’s ZEW economic sentiment and US retail sales are on the shortlist of numbers to watch today.

Market Preview: Eyes on European ZEW survey and US retail salesTradingFloor
European markets are expected to open firmer Tuesday. Traders keenly await today’s German ZEW sentiment indices which are likely to show an improvement for August. Also, today's EU industrial production and US retail sales data will be keenly eyed.

Danske DailyDanske Bank (pdf)
Today’s most interesting release is US retail sales for July.... Euro area industrial production is estimated to show a 0.4 % m/m increase in June

Market comment: Some good news from GreeceNordea
Bond yields creeping higher * Asian equities higher on Abe tax cut plan * Greece budget figures better than expected * Germany will see less issuance in 2014 * US and UK figures in focus today * Issuance activity still low

Aamukatsaus Nordea
Kreikan lama hellittää, mutta velkajärjestelyä ei estä mikään * Poliittinen kaaos vai business as usual * Öljylle tukea Libyan levottomuuksista

AamukatsausTapiola (pdf)
Cramo julkisti aamulla odotuksia vahvemmat luvut ja oli näin rakennussektorin valopilkku 2Q:lla SRV:n ohella, jonka tulosparannus tuli kuitenkin pitkälti myynti- ja arvostuseristä johtuen. Markkinan suunta: Osake- ja hyödykemarkkinoilla eilen rauhallinen päivä ilman merkittävää uutisvirtaa. Tänään makrokalenterissa USA:n vähittäismyynnin ennakko. Osakefutuurit nyt aamulla plussalla, indikoiden nousuavausta OMX HEX:iin. 2Q13-tuloskauden tuloskommentteja:  Cramo, Digia ja Raisio.

MarkkinakalenteriNordnet
MarkkinakalenteriTaloussanomat


EUROPE
A guide to the German election: Four more years for Angela?Nordea (pdf)
Summary here.

So you think Europe's debt crisis is finally over? Time to think againThe Telegraph
One of the factors underpinning renewed confidence in the UK economy is the belief that the crisis in Europe is now essentially over.

UNITED STATES
The Fed, Lawrence Summers, and MoneyNYT

Larry Summers' record should rule him out of the Fed chairmanshipThe Guardian

ASIA
Japan’s GDP: Has the Tide Turned on Abenomics?The Diplomat