Here are the links to
the weekly roundups, reviews and also previews of the beginning week. Last
week's 'Support' here.
Previously on MoreLiver’s:
Special: Financial Crisis Five Years (updated)
Special:
German Elections 2013 (updated)
LAST WEEK
Friday Close
Markets – Between
The Hedges
Recap – Global
Macro Trading
Daily Risk Monitor – Global
Macro Monitor
Europe Closes Week Green Despite Biggest Confidence
Miss In 17 Months – ZH
Dow Slumps Most
In 3 Weeks On Heaviest Volume In Over 2 Years; Erases All Fed Gains – ZH
Weekly Scoreboard – Between
The Hedges
US market portrait –
Portfolio Probe
The Economist’s Weeklies:
The Weekender – beyondbrics
/ FT
Succinct summation of week’s events – The
Big Picture
Weekly Bull/Bear Recap: Sep 16-20 – RCS
NEXT WEEK
Schedule for Week –
Calculated Risk
The key reports this
week are August New Home sales on Wednesday, Case-Shiller house prices for July
on Tuesday, the third estimate of Q2 GDP on Thursday, and the August Personal
Income and Outlays report on Friday. Also the Fed will release the Q2 Flow of
Funds report this week, and the Pending Home Sales index for August might show
a sharp decline. For manufacturing, the Richmond and Kansas City regional manufacturing surveys for September
will be released this week. Note: My guess is Janet Yellen will be nominated as
Fed Chair this week, perhaps on Monday.
Economic Calendar – Berenberg
(pdf)
German elections -
three questions: Can Merkel continue her coalition?; If not, will the social
democrats join her?; and will the anti-euro party enter the Bundestag? Eurozone
confidence: PMIs, Ifo, European Commission indicators all to rise as the
recovery broadens. Talking down the euro: ECB Draghi et al. take to the
microphones after the Fed
Economic Calendar – Handelsbanken
(pdf)
S&P 500 Earnings Week Ahead – Reuters
Wall Street Week Ahead – Reuters
U.S. stocks needn't
fret about a government shutdown
(video) Asia Week Ahead: Is China just following
the Fed? – Reuters
Weighing the Week
Ahead – A Dash of Insight
Will Washington Gridlock Scuttle
Stocks?
Week Ahead 21-27 Sep – Nordea
(pdf)
US: The coming week’s calendar, while sizeable, has mostly second-tier
data releases, but there will be plenty of Fed speakers to keep markets busy.
Look out for hints on the subject of tapering. Euro zone: All eyes on the German election this weekend. It
shouldn´t be a big market mover but will nevertheless cover front pages on
Monday morning. Flash PMIs from the Euro zone and German IFO will also be in
focus next week, but with a solid recent trend a slight setback wouldn´t surprise
us. China: Flash HSBC PMI from China
will likely set the tone for markets on Monday morning. We believe further
improvements are on the cards.
Weekly Focus: Risks to global economy coming
down fast – Danske
Bank (pdf)
After the German
election over the weekend, Angela Merkel is expected to continue as Chancellor
but a broad CDU/CSU-SPD coalition seems to be the most likely outcome. We
expect Chinese HSBC Flash PMI to rise further to 51.1, from 50.0 in August. Euro
Flash PMI should also rise but the increases are expected to be more moderate going
forward. We expect US core durable goods orders to rebound following the
disappointing fall last month. We expect US consumer confidence to decline. We
expect increased focus on US negotiations on the 2014 budget as 30 September
deadline draws nearer.
The Week Ahead Sep 23 – Handelsbanken
(pdf)
US: In August, non-defense capital goods shipments, excl. aircrafts,
likely rose, while new home sales seem to be hit by the rise in mortgage rates.
Finally, private consumption spending likely rose by 0.2 percent in real terms.
Sweden: Roughly unchanged
Swedish sentiment at large; higher sales growth - our forecast on August. Norway: Small uptick in LFS
unemployment, registered (NAV) unemployment rate stable. EMU: Improvement in
barometers moderates.
Strategy: Fed just removed the biggest tail
risk for risk assets – Danske
Bank (pdf)
Weekly Credit Update – Danske
Bank (pdf)
Indices tighten as
tapering is delayed. Traxx indices have rolled. Rimary arket activity has
picked up.
FX Comment: mouths wide shut – Nordea
This will likely be a
consolidation week, with lots of central bank talk to introduce volatility. The
USD will try to fight, but not run far against majors. Turning cautious on
cyclicals/EMs.
EM FX Monocle – Reward and punishment – Nordea
(pdf)
Emerging Markets will
continue to be the main source of growth in the coming several years. EM should
not be regarded as one region but as a fragmented group with many diversities. Be
aware of the fundamentally vulnerable currencies, but don’t lose faith in them
all.
Emerging Markets Briefer - Sep 2013 – Danske
Bank (pdf)
Clouds are
disappearing, but headwinds remain
EMEA Weekly – Danske
Bank (pdf)
Ukraine getting closer
to the edge
Emerging Market
Preview: The Week Ahead – Marc
to Market
Emerging: Week Ahead –
beyondbrics / FT
Agenda: Merkel
in search of government deal this week – euobserver
CALENDARS
Economic Calendar – investing.com
Economic Calendar – BB
EU calendar – europa.eu
Markkinakalenteri – Nordnet