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:
Market Prices – Global
Macro Monitor
Weekly Scoreboard – Between
The Hedges
US: Stocks Worst Week In 9 Month; Gold Hits 6
Month Highs – ZH
Weekly Market Summary – The Fat
Pitch
The Weekender – beyondbrics
/ FT
Succinct summation of week’s events – The
Big Picture
GENERAL
Schedule for Week –
Calculated Risk
Economic Calendar – Berenberg
US Federal Reserve decision: QE tapering to continue * UK budget: no room for give-aways * EU summit: Ukraine crisis dominating
Economic Calendar – Handelsbanken
Wall Street Week Ahead – Reuters
Crimea vote to keep markets on edge
5
Things to Watch on the Economic Calendar – WSJ
The Fed policy meetings tops a busy week for
economic data.
Weighing the Week Ahead: Yellen Takes the Stage – A
Dash of Insight
This week marks the
first FOMC meeting with Janet Yellen as the Chair. Since there will also be an
update to forecasts, the announcement will include a press conference.
Thoughts on the Week
Ahead
– Marc
to Market
Weekend developments will dominate the first part of the week ahead. Two
developments stand out. First, China announced a doubling
of the permissible band from 1.0% to 2.0% around the daily fix. The second
development over the weekend was the Crimean referendum.
Key events in the week
ahead – ZH
Northern Lights - Scandi central banks on hold – Nordea
Sweden: Recovery but very low inflation * Norway: Rates firmly on hold * Denmark: Great opportunities in govies
Weekly
Focus: On shaky ground – Danske
Bank
The repercussions of Crimea’s
referendum to join Russia on Sunday.
The FOMC meeting on Wednesday. February’s final euro area HICP inflation
figure.
Strategy:
Risk assets vulnerable as growth slows and tensions rise – Danske
Bank
All regions except Europe are
slowing * Tensions are rising with the Russia/Ukraine crisis * US stock markets
have been remarkably resilient so far leaving valuation more stretched * Earnings
growth likely to disappoint again in Q1.
Week Ahead – Nordea
US: FOMC meeting Wednesday. We expect them to stay the course on tapering,
despite some softening in economic indicators since last meeting. Euro area: After unexpectedly weak
French inflation numbers, a downward revision of the Euro area’s inflation
print for February to 0.7% from 0.8% is very likely (Monday). We would be back
to the low of last October and March could bring an even lower print.
EcoWeek – BNP
Editorial: Good times ahead for French debt, Higher GDP coming, helps pushing down
the public debt ratio, which will nonetheless continue to rise * Japan: have Abenomics’ effects already
dissipated? US: The silence of the
doves and of the hawks, a shrinking US deficit Eurozone:
How likely is the suspension of sterilisation of the SMP?
Scandi markets ahead –
Danske Bank
Viikkokatsaus: Katseet Fediin – Nordea
Tällä
viikolla: Fed vähentää ostojaan, euroalueen inflaatio hidastuu? Mennyttä: Sää
painoi edelleen jenkkilukuja, Suomen teollisuudesta heikkoja lukuja
CREDIT
Weekly
Credit Update – Danske
Bank
Another week of strong primary market activity. Modest
risk-off mode with widening CDS indices. Focus on Crimea’s
referendum on Sunday.
Yield
Forecast Update – Danske
Bank
Hesitant ECB and soft US
data keep rates in check
Euro Rates Update – Nordea
European FI Strategy:
Not another crisis – Nordea
Flight-to-quality flows have pushed bond yields lower again, and risks
remain tilted towards lower yields, as tensions between Russia and the EU/US over Ukraine / Crimea could easily
escalate. On the central bank front, the ECB is struggling with a strong
currency.
Weekly Market Outlook – Moody’s
Corporate Bond Bulls
Graze on Borrowing Restraint
Credit Outlook – Moody’s
Market Data Highlights – Moody’s
Analytics
FOREX
FX Outlook: Euro Resilience is Remarkable – Marc
to Market
Our technical note a
week ago expected the dollar, yen and Swiss franc to outperform and for global
equity markets to retreat. However, the
euro's resilience continues to frustrate the otherwise respectable market calls.
The yen was the easily the strongest of the major currencies, gaining almost 2%
against the dollar.
FX
Forecast Update – Danske
Bank
EUR
support the next three months
Will the EURUSD fall, when Fed eventually starts its hiking regime? Not
necessarily. Find our thougths on that, as well as updated stories on GBP, CHF,
SEK and NOK in this edition of our monthly Global FX Strategy.
EMERGING
EMEA Weekly – Danske Bank
EM Preview: The Week
Ahead – Marc to Market
EM Week Ahead –
beyondbrics / FT
COMMODITIES
As we head into the weekend, all commodities markets
have eyes on Sunday’s referendum on Crimea. A
further escalation in the crisis could have implications for the energy and grains
market given Russia’s and
Ukraine’s
dominant positions in the two.
CALENDARS
Economic Calendar – investing.com
Economic Calendar – BB
EU calendar – europa.eu
Markkinakalenteri – Nordnet