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Wednesday, August 14

14th Aug - EU Open: GDP Day



Previously on MoreLiver’s:

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Roundups
News roundup – Between The Hedges
The 6am Cut London – alphaville / FT
Asia Morning MoneyBeat: Livelier Session Leaves U.S. Stocks a Little Higher – WSJ
Europe Morning MoneyBeat: Gains Ahead of EU GDP, U.K. Jobless – WSJ

MORNING BRIEFINGS
3 Numbers To Watch: German GDP, UK employment report, EU GDPTradingFloor
Preliminary Q2 GDP estimates for Germany and the Eurozone are released today, along with the latest monthly update on Britain’s employment numbers.

Market Preview: Market Preview: A raft of European GDP data in focusTradingFloor
European markets are expected to open mostly flat on Wednesday. Traders keenly await a slew of European second quarter GDP data including Germany and the Eurozone for cues on the health of the region’s economy.

Danske DailyDanske Bank (pdf)
Today’s release of euro area GDP will probably mark the end of six quarters of recession... Bank of England minutes will provide information about the discussion and voting on adopting the forward guidance linked to last week’s unemployment data.

Market comment: Trend of stronger data continues – Nordea
Core bond yields rise on strong numbers * Euro zone data keep positive momentum * Draft shows Germany to reduce bond issuance next year * German election campaign intensifies * Lockhart hints on tapering * Latest survey suggests 65% of economists expect tapering in September * Euro zone growth numbers in focus today * Germany to issue 10-year bonds

AamukatsausNordea
Euroalueen taantuma tulossa päätökseen * USA:n kotitaloudet kulutusintoa täynnä * Posiitiviset talousluvut loivat korkoihin nousupaineita

AamukatsausTapiola (pdf)


Eilen melko odotettu makrodata USA:sta ja euroalueelta antoi markkinoille pientä nostetta. Tänään julkaistaan euroalueen Q2 BKT ennakko - aamun BKT -lukemat Ranskasta ja Saksasta olivat vahvoja. Osakefutuurit nollassa, indikoiden tasaista avausta OMX HEX:iin. 2Q13-tuloskauden tuloskommentteja: Finnair, Apetit, Tecnotree ja Tiimari.


MarkkinakalenteriNordnet
MarkkinakalenteriTaloussanomat


EUROPE
Charting the BOE’s Forecasting AccuracyWSJ

German Economy Grows More Than Forecast Boosting Recovery – BB
Germany's strong growth comeback – Merkelnomics
France Posts Best Quarter Since Hollande Took Power – BB
France exits recession, beats second quarter GDP forecasts – Reuters
Europe Growing Again Means Boost for Global Economy – BB

UNITED STATES
Deutsche Bank Hopes "Not All Margin Calls Come At Once In Case Of A Sell-Off"ZH