Here are the links to
the weekly roundups, reviews and also previews of the beginning week. Last
week's 'Support' here.
Previously on
MoreLiver’s:
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Friday Close
Market Prices – Global
Macro Monitor
Dow Dumps To 2nd Worst
January In 24 Years – ZH
Weekly Scoreboard – Between
The Hedges
The Economist’s Weeklies:
The Weekender – beyondbrics
/ FT
Succinct summation of week’s events – The
Big Picture
GENERAL
Schedule for Week –
Calculated Risk
January employment report on Friday. Other key reports include the ISM manufacturing index on Monday, January vehicle sales also on Monday, the ISM service index on Wednesday, and the December trade deficit report on Thursday.
Economic Calendar – Berenberg
January employment report on Friday. Other key reports include the ISM manufacturing index on Monday, January vehicle sales also on Monday, the ISM service index on Wednesday, and the December trade deficit report on Thursday.
Economic Calendar – Berenberg
Central bank meetings:
ECB and Bank of England on hold * Global PMIs: developed economies going strong
* US non-farm payrolls: extremely cold weather could delay jobs rebound
Economic Calendar – Handelsbanken
UK Next Week's Agenda and Wrap Up – Handelsbanken
Wall Street Week Ahead – Reuters
5 Things to Watch on Economic Calendar – WSJ
The Labor Department’s
employment report will be the headliner, but don’t forget to watch the
supporting cast, as well as a possible cameo appearance from the weather.
What Matters in the
Week Ahead for Global Markets – WSJ
Is the Economic
Recovery Stalling Out?
Weekly Focus: Case for further easing by ECB – Danske
Bank
Lower inflation has strengthened the case for further ECB easing as soon as the meeting next week.
Week Ahead – Nordea
US: ISM manufacturing survey, labour market report. We expect a setback in
the ISM to 55, and we expect the weather to have effected payrolls negatively
again in January, 150k, consensus 180k. Euro
area: ECB meeting on Thursday, Draghi’s press conference dovish. Final PMI ,
German order intake and production. UK: no
rate- or QE-changes. A new or updated forward guidance framework could be
adapted, but unlikely.
Strategy: Too early to call the bottom in risk
markets – Danske
Bank
Too early to call the
bottom in risk markets. Chinese data will be key for EM and risk assets in coming
months. Euro-area inflation expectations very low – more pressure on ECB.Downward
pressure on bond yields intact in the short term. Euro-area recovery on track despite
weak credit data
The Big Picture: Resilient recovery despite EM
wobbles – Danske
Bank
The Big Picture
presents our view of the global economy and outlook for US, euro area, Japan and China.
EcoWeek – BNP
Viikkokatsaus:
Tarjolla tuhti kattaus talouslukuja – Nordea
Viime viikko: Fed pienensi odotetusti ostoohjelmaansa * Hyviä Q4 BKT-lukuja
(Yhdysvallat + UK) * Euroalueen inflaatio matalalla Tulevaa: Keskuspankkien kokouksia (EKP, BoE) * US työmarkkinalukuja
* Paljon luottamuslukuja
CREDIT
Weekly Credit Update – Danske
Bank
Emerging market
turbulence continues adding to the gloom
Euro Rates – Nordea
FOREX
FX Outlook – Marc
to Market
The US dollar is poised to extend its gains against most of the major
currencies in the week ahead.
The Japanese yen is the main exception. A combination of equity market
weakness, the smaller US interest premium and the large short position
leave the yen bears vulnerable to further pressure.
FX Board: EURUSD downtrend? – TradingFloor
EURUSD is tilting
strongly towards a new downtrend. Meanwhile, JPY crosses are very nervous on
risk appetite while the NZD rally may be finished.
EMERGING
EMEA Weekly, Week 6 – Danske
Bank
It has been a hard
week for emerging markets so far.
PMI manufacturing
indices for many major EMs; Thailand elections; ICC to look at Kenyatta case;
results from BP and GsK; and the Winter Olympics begin in Sochi, Russia.
EM Bond Snapshot -
January 2014 – Danske Bank
It has been a very
challenging start to 2014 for global emerging markets and the kind of turmoil
we saw in 2013 has spilled over into 2014.
EM FX: Strong headwinds ahead – Nordea
Plenty negative news
from Emerging Markets this week, which caused the EM FX to weaken across the
board. Looking ahead a few weeks, uncertainty regarding EM will remain elevated
in Argentine currency market, Chinese shadow banking sector and political
crisis in Turkey and Thailand.
The
dominant trigger is likely to have been worries about Chinese growth and the
financial situation in China. However, local factors have
also contributed to the ‘EM hurricane’. Overall, we can identify three
characteristics of the sell-off. The hardest hit countries are those with large
external imbalances (such as Turkey and South Africa), commodity exporting
countries (like Brazil and Russia) and countries with rising
domestic political/regime uncertainty (such as Ukraine and Turkey).
OTHER
Commodities Update – Danske
Bank
OPEC output declines
despite Libyan production restart
Commodities weaken on emerging-market turmoil,
dollar strength – TradingFloor
Commodities moved
lower during the course of the week as the gathering storm over emerging
markets began to send waves through developed markets as well. The weakness was
primarily driven by losses in industrial metals followed by precious metals.
CALENDARS
Economic Calendar – investing.com
Economic Calendar – BB
EU calendar – europa.eu
Markkinakalenteri – Nordnet