Roundups
News roundup – Between
The Hedges
The 6am Cut London – alphaville
/ FT
Emerging Markets
Headlines – beyondbrics
/ FT
Asia Morning MoneyBeat: Stocks Stumble to the
Finish Line – WSJ
MORNING BRIEFINGS
Updates on the UK
services PMI, and EU releases on GDP and retail sales, are among today’s key
numbers to watch and will serve further to show if the recovery in the Eurozone
really does have legs.
Market Preview: Revised Eurozone Q2 data to
give recovery clues – TradingFloor
European markets are
expected to open mostly flat Wednesday. Traders await a slew of macro releases
in Europe and the US due later today, especially the revised second
quarter Eurozone GDP data. Today’s Fed Beige Book survey will also be keenly
eyed.
Danske Daily – Danske
Bank (pdf)
Euro area final
services PMI, Q2 GDP. ECB’s Asmussen speaks (ECB meeting tomorrow). US: trade
deficit, Fed’s Williams speaks.
Aamukatsaus – Nordea
Mikä enää estäisi
Fedin trimmauksen? * Kiina - Pilviä piristymisen yllä? * Korot nousussa vahvan
ISM-indeksin jäljiltä
Aamukatsaus – Tapiola
(pdf)
USA:sta saatiin eilen odotuksia vahvemmat
teollisuuden ostopäällikköindeksit. Yhdessä muualta saatujen vahvojen
teollisuuden luottamuslukujen kanssa vahvistaa kuvaa teollisuuden kasvun
kiihtymisestä. Markkinan suunta: Osakemarkkinat peruuttelivat eilen Euroopassa
Syyrian sotilastoimien todennäköisyyden noustua. Pitkät korot nousussa, kun
USA:n teollisuuden ostopäällikköindeksi odotuksia vahvempi. Osakefutuurit
nollassa, indikoiden tasaista avausta OMX HEX:iin. Olemme rullanneet
suomalaisten osakkeiden osaketaulukot 3Q13 tuloskauteen (kts. 29-32).
EUROPE
Economic Outlook September – Nordea
The Nordic countries
are poised for a possible economic turnaround.
Plans to create a pan-European electricity grid
as part of the common energy market face a number of challenges before they can
be realized – Europp
/ LSE
France and the Commission – mainly
macro
The Austerian Mask Slips – Krugman
/ NYT
Rehn has let the mask
slip. It’s not about fiscal responsibility; it never was.
Steen Jakobsen: Germany must provide a vision to help restructure Europe, get credit flowing again and reduce the
overall debt load. The strong euro is doing the periphery no good and
unemployment is sky-high. The ship needs a rudder to brace the many headwinds.
UNITED STATES
'Ben'-edictions On The Economic And Profit
Cycle – ZH
JPMorgan's Michael
Cembalest: Retain some risk in thy portfolios, but prepare for lower returns
than those seen since the end of 2008.
BofAML Warns Of 'Deeper Downside Risk' To June
Lows (S&P 1560) – ZH