Special: German Elections 2013 (updated)
Roundups
News roundup – Between
The Hedges
The 6am Cut London – alphaville
/ FT
Emerging Markets
Headlines – beyondbrics
/ FT
Asia Morning MoneyBeat: Bulls Take Back the Market
– WSJ
MORNING BRIEFINGS
Eurozone industrial
production, US jobless claims, and the US Bloomberg Consumer Comfort Index are
on the short list of numbers to watch today.
Market Preview: ECB monthly report and US
jobless claims eyed – TradingFloor
European markets are
likely to open higher Thursday. Traders will follow today’s US jobless claims data ahead of the FOMC meeting
next week. Also, a meeting between US and Russia later today focusing on a diplomatic solution
for Syria will be eyed.
Danske Daily – Danske
Bank (pdf)
We expect euro
area industrial production to decline 0.6% m/m in July... Bank of England’s Mark Carney speaks in London...ECB’s Mario Draghi is speaks
in Latvia.
Market comment: Firm session in Fixed Income
universe – Nordea
Firm session in Bunds
and Treasuries * Duration have fallen according to surveys *Markets are
awaiting next week’s main event – The FOMC meeting * Verizon raised USD 49bn in
record corporate-bond offering * US mortgage applications took another dive lasts
week * Bond issuance from Italy, Sweden, UK and US
Aamukatsaus – Nordea
Työllisyyden
kasvu haaste BoE:lle * Ei käänteen merkkejä Suomen teollisuudessa * USA:n
onnistunut emissio painoi korkoja
Aamukatsaus – Tapiola (pdf)
UNITED STATES
How negative interest rates could have stopped
the Great Recession in its tracks
ASIA
Indonesia’s central bank, faced with a plunging
currency, will decide today whether to hike rates again to stem its massive
losses. Some observers back more rate hikes, saying it’s a fast way to restore
investor confidence. Others say tightening policy into a fast-slowing economy
is a risk.
India's economy is in the worst shape since 1991, when the country nearly
went bankrupt. The twin deficits have widened since then but reserves holding
has also increased (summary).
OTHER
Global
PMI Services tracker – TradingFloor
Global Beta: Why
change a winning formula? – TradingFloor
Bridgewater's All Weather
strategy undoubtedly shares common ground with the Global Beta so when the
investment firm decided to change its model after incurring a second quarter
loss of 8.4 percent, it posed similar questions for Global Beta.
FINNISH
Talousennuste:
Haurasta kasvua – Handelsbanken
(pdf)
Maailmantalous: USA elpymisuralla,
markkinoiden fokus siirtyy muualle. Euroalue: Kasvua näköpiirissä, mutta
ongelmat jatkuvat. Suomi: Haurasta kasvua. Rahapolitiikka ja valuutat: Dollarin
vahvistuminen vain ajan kysymys
Kataisfani
haluaa irtiottoa KNL:n tavoiteohjelmaan – Henri
Myllyniemi / US Puheenvuoro
Pääkirjoitus:
Kokoomuksen nolo imago-ongelma – IS
Nuoriso
säikäytti kokoomuksen seniorit – SSS
Pankkivero
epäonnistui luultua pahemmin – AL
Suomen uusi pankkivero voi pahimmillaan
pienentää valtiolle kertyviä verotuloja. Yllättävä lopputulos liittyy Nordeaan.