Roundups
News roundup – Between The
Hedges
The 6am Cut London – alphaville
/ FT
Emerging Markets
Headlines – beyondbrics
/ FT
Asia Morning MoneyBeat: Stocks in ‘Shutdown’ Mode –
WSJ
Europe Morning MoneyBeat: Shutdown Glowers Over All –
WSJ
MORNING BRIEFINGS
3 Numbers to Watch: EU retail sales, US jobs
& consumer comfort – TradingFloor
Eurozone retail sales,
US jobless claims, and the US Bloomberg Consumer Comfort Index are three
numbers that deserve close attention in today’s releases.
European markets are
likely to open mostly flat on Thursday. Market concerns over the US partial shutdown prevailed after a White House
meeting concluded without results. Meanwhile, today’s slew of economic releases
in Europe and the US will be eyed.
Danske Daily –
Danske Bank (pdf)
Markets are in a
waiting position for the battle on raising the debt ceiling. There are still no
signs of a resolution to the government shutdown. Many Fed members will speak
tonight (Williams, Lockhart, Fisher and Powell) but given the many speeches
already after the September meeting, we are unlikely to get much new
information.
Market comment: While we wait for Congress – Nordea
Draghi offers not new
* Berlusconi knock-out * All is quiet in D.C.
Aamukatsaus – Nordea
Italian
hallitukselle puhtia takinkäännöstä * EKP – ei uutta auringon alla * Italian
hallituksen säilyminen vahvisti euroa
Aamukatsaus – Tapiola
(pdf)
Eurooppalaisissa osakesektoreissa pääomat
virtasivat syyskuussa Euroopan kotimarkkinasektoreihin sekä syklisiin
osakkeisiin. Sijoittajien luottamus vaikuttaa palautuvan nyt Euroopan
talouskasvuun. Markkinan suunta: Osakemarkkinat eilen loivassa laskussa, kun
EKP ei ilmoittanut uusista toimenpiteistä eikä USA:n velkakattokiistassa nähty
edistystä. Italian hallituskriisiin positiivinen ratkaisu eilen. Tänään
palvelualojen ostopäällikköindeksit USA:sta ja euroalueelta. Osakefutuurit
lähellä eilisiä tasoja, indikoiden tasaista avausta OMX HEX:iin.
EUROPE
August 2013 retail trade up by 0.7% in euro
area Up by 0.4% in EU28 – Europa
UNITED STATES
On Communication – Tim
Duy’s Fed Watch
There is much room
room for improvement with the Fed's communication strategy. They might
want to get on this given their increasing reliance on forward guidance.
How have assets
performed in previous gov shutdowns? And how do they do in the following two
weeks?
OTHER
FX Update: USD weak but with two-way headline
risk – TradingFloor
EURUSD saw its highest
close since February on a passive ECB and Italy’s Letta winning a confidence vote to keep his
government in business. But this market lacks conviction and seems very prone
to “headline risk”.
FINNISH
Teollisuus
häviää Suomesta – matalapalkka-aloilla kilpaillaan töistä – Paavo
Häikiö