Roundups &
Commentary
Frontrunning – ZH
Overnight: Deutsche: "Markets Are In Non-Panicky Limbo At The
Moment" – ZH
The Lunch Wrap – alphaville
/ FT
Emerging N.Y. headlines – beyondbrics
/ FT
EU daily news – Europa
Daily press summary – Open Europe
Morning MoneyBeat: Potential Government Shutdown Isn’t Scaring Wall
Street – WSJ
Thursday's Drivers – Marc to
Market
EUROPE
Euro area credit contraction continues – Danske
Bank (pdf)
The monthly loan flows
show there is no turning point yet…we expect a new LTRO when excess liquidity
has declined so much that it pushes the short market rates towards the refi
rate, likely to happen late this year or early next year.
Eurozone monetary data supports new LTRO soon – TradingFloor
August monetary data
for the euro area shows that credit contraction continues. In light of ECB
president Mario Draghi's recent promise that a new round of LTRO-loans could be
made available to banks here are some of the possible scenarios.
IMF revives idea of eurozone 'rainy day
fund' – euobserver
Making the internal electricity market work – Bruegel
Why the economic
pressure to create a comprehensive internal energy market is building
Sweden: Credit growth will soon be dampened – Nordea
Swedish trade balance:
Exports remain weak – Nordea
UNITED STATES
Meet the new idiots, same as the… actually
these idiots might be worse – alphaville
/ FT
The dispute between
Republicans and Democrats this year is worse than it was in 2011, when they actually
agreed on a few things…RBC: The Treasury will run out of borrowing room around
Oct 17 and have cash to squeak by until Oct 31…crossing the debt ceiling would
be catastrophic.
Failure to start tapering risks bringing on a
bubble – The
A-list / FT
The Financial Market Effect of FOMC Minutes – The
Big Picture
US banks have returned to record profit levels, while their European peers
are struggling to stay above the zero line at all. The differences are mainly
driven by diverging trends in revenues, corporate lending growth and loan loss
provisions all of which have developed much more favourably in America than in Europe.
OTHER
Whereas before the financial crisis, both US and European banks reported
record profit levels, only US banks are beating those nowadays, while their European
peers are struggling to sustainably stay above the zero line at all.
FINNISH
Yhteisten
tekijöiden löytäminen – Henri
Myllyniemi / US Puheenvuoro
Ne bis
in idem – saivartelua rötösherrojen hyväksi – Osmo
Soininvaara
Supo
haluaa irti poliisijohdosta – HS
Teollisuuden
jalostusarvo laski 5 prosenttia vuonna 2012 – Tilastokeskus