Roundups
News roundup – Between The
Hedges
The 6am Cut London – alphaville
/ FT
Emerging Markets
Headlines – beyondbrics
/ FT
Europe Morning MoneyBeat: Gains Ahead of Central Bank
Meetings, G-20 – WSJ
MORNING BRIEFINGS
New industrial orders
for Germany, an interest rate decision by the Bank of
England, and ADP’s estimate of US private payrolls in August are among the key
numbers to watch for Thursday.
European markets are
likely to open higher Thursday. The BoE and the ECB are both seen maintaining
the status quo at their policy meetings today. News flows emanating from the
G20 meeting and the US ADP employment report due today will also be eyed.
Danske Daily – Danske
Bank (pdf)
Today’s main
event is the ECB meeting this afternoon. There are fewer arguments for a rate
cut today than a month ago, given recent upside surprises in economic
indicators and a slower pace of decline in excess liquidity.
Aamukatsaus – Nordea
Viime viikon
päätökset eivät vielä riitä * Deflaatio nostaa päätään * Tänään Riksbankin,
BoE:n ja EKP:n korkopäätökset
Aamukatsaus – Tapiola
(pdf)
Ulkomaalaisomistuksen muutokset elokuulta
osoittavat kiinnostuksen kohdistuneen suomalaisiin syklisiin osakkeisiin. Tämä
kiinnostus on linjassa meidän sijoitusnäkemyksemme kanssa. Markkinan suunta: Osakemarkkina
sai tukea USA:n vahvasta automyynnistä. Solidium myy TeliaSoneran osakkeita ja
PKC Group toteutti osakeannin. Osakefutuurit ylös, indikoiden nousu avausta OMX
HEX:iin. Ulkomaalaisomistusten seuranta OMX HEX osakkeissa - elokuu: Positiiviset
ennakoivat indikaattorit ovat johtaneet sijoittajat ostamaan syklisiä
osakkeita. Ulkomaalaisten ostot linjassa sijoitusnäkemyksemme kanssa.
EUROPE
Have German austerians changed their spots? – Macrobusiness
UNITED STATES
Bank Leverage Is the Defining Debate of Our
Time – View
/ BB
Simon Johnson: There are plenty of other important debates taking place
around the world, but these questions are largely settled, and many of the
issues are more rhetorical than real.
Has quantitative easing worked? – Reuters
The respect of
traditional policy limits reduced the effectiveness of QE. If the newly created
money had gone directly into consumer and business bank accounts, rather than
into banks, more of it would have been used to pay off excess debts or to
invest productively. But at least QE was a new idea. With some more of those,
central bankers could do a better job.
Williams On Board With Tapering, Kocherlakota
Not So Much – Tim
Duy’s Fed Watch
ASIA
As the strategic
rivalry between the United States and China grows, Australia’s position between them becomes even more
delicate. Inevitably, Australia’s foreign policy debate has now become focused
around the question of how to manage and balance these two critical
relationships.