Roundups
News roundup – Between
The Hedges
The 6am Cut London – alphaville
/ FT
Emerging Markets
Headlines – beyondbrics
/ FT
Asia Morning MoneyBeat: Investors Are Getting
Fidgety – WSJ
Europe Morning MoneyBeat: Stocks Still Mired By
Events in D.C. – WSJ
MORNING BRIEFINGS
A private-sector
measure of UK retail spending, factory orders for Germany, and the NFIB Small Business Optimism Index
for the US are among today’s key numbers to watch.
Market concerns about
the prolonged US government shutdown and the looming debt ceiling deadline is expected
to lead European markets to open lower Tuesday. Traders await today’s German
factory orders and trade balance data for further direction.
Danske Daily – Danske
Bank (pdf)
Focus in the
market will continue to be on political developments in the US although a
decisive breakthrough in the political wrangling does not appear to be
imminent.... In the euro area, attention will today
mainly be on German factory orders and foreign trade data for August... Bundesbank
President Jens
Weidmann and German Finance Minister Wolfang Schaeuble will today be speaking
about the future of Europe
Market comment: Greece sees
light – let’s hope it is not an incoming train – Nordea
Bond yields fall
– bonds should remain supported * Greece sees a return to growth next year * Industrial
data ahead in Europe * US pays a higher price for T-bills – more auctions today
Aamukatsaus – Nordea
Joko hyvät
uutiset rantautuisivat Suomeenkin saakka? * Hallitus Saksaan vasta jouluksi * Korot
laskussa riskinottohalukkuuden tyrehtyessä
Aamukatsaus – Tapiola
(pdf)
Osake- ja hyödykemarkkinat pysyivät
painuksissa USA:n velkakattokiistan jatkuessa. USA:n tuloskausi käyntiin tänään
Alcoan toimesta. Osakefutuurit nollassa, indikoiden tasaista avausta OMX
HEX:iin. 3Q13-tuloskauden kalenteri (sivulla 4), torstaina 10.10. 3Q13-kausi
alkaa Baswarella. Ulkomaalaisomistusten seuranta OMX HEX -osakkeissa, syyskuu: Laajaa
ja monipuolista ostoa suomalaisosakkeisiin ja OMX HEX nousi syyskuussa n. 10%. Ostossa
niin sykliset osakkeet kuin ”Venäjä -osakkeet” kuin myös velkakirjojen
korvikkeet.
EUROPE
IMF Document Excerpts: Disagreements Revealed – WSJ
These are excerpts
from confidential IMF documents, including board meeting minutes, staff briefs
and board-member comments reveal considerable disagreement at the May 9, 2010 meeting at which the IMF board approved Greece’s first bailout.
UNITED STATES
SHUTDOWN
/ DEBT CEILING
Poll: GOP is getting blamed for the shutdown – WaPo
Great Graphic: Attributing Blame for the
Embarrassment – Marc
to Market
Shut Down, Debt Ceiling Round Up – ZH
Felix Salmon smackdown watch, debt
prioritization edition – Reuters
Data Delays in Fed Shutdown: On Getting Over It – All
About Alpha
The more Wall Street
is convinced that Washington will act rationally and raise the debt ceiling, the less pressure there
will be on lawmakers.
3 days to cure – Sober Look
ASIA
What’s the bigger risk for emerging Asia, the US tapering its QE
programme, or the fall-out from years of over-investment in China?