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Monday, May 12

12th May - Week begins with a rally





Previously on MoreLiver’s:

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EUROPE
‘It was the point where the eurozone could have exploded’FT
How the euro was saved: In the first part of a series on the year that forever changed Europe, Peter Spiegel recreates the bitter days in November when the eurozone crisis hit its lowest moment.

Angela Merkel On The Ledge: "This Is Not Fair... I Am Not Going To Commit Suicide"ZH

Euro Zone Yields Dive. But Are They Low Enough?WSJ

Europe’s Crisis TreadmillProject Syndicate
Barry Eichengreen: The supposed experts who predicted the imminent disintegration of the eurozone have been proved wrong. But it is equally likely that those now declaring that the crisis is over will be proved wrong as well.

EU Banks Urged to Boost Capital Now as Stress Test Doubts VoicedBB

  EUROPEAN CENTRAL BANK
Draghi Drives ECB Toward Stimulus Even as Economy GrowsBB
Even with data this week predicted to show the expansion accelerated in the first quarter, the ECB president looks set to push ahead with measures that could range from rate cuts to liquidity injections. Inflation stuck at less than half the ECB’s goal points to a revival that is still too slow

IMF's Lagarde calls for more ECB stimulus: paperReuters

Goldman Says European QE Will Come In 2015 At The Earliest, If At AllZH

Ewald Nowotny: Opening remarks – ONB
Tough bank rules could spur shadow banking: Nowotny – Reuters
Vítor Constâncio: Banking Union and European integration – ECB
ECB Constancio: Inflation Expectations Key – WSJ
Danièle Nouy: Toward the European Banking Union: achievements and challenges – ECB


UNITED STATES
US housing sector stallingSober Look
A sharp decline in housing affordability, banks have tightened lending standards, household formations have stalled, weakness in housing is now reflected in the equity markets as shares of homebuilders underperform.

ASIA
5 Things To Know About Australia’s BudgetWSJ

RBA Governor Stevens Seen Taking on Good Cop Role at RBABB
For the first time in 7 1/2 years at the helm of Australia’s central bank, Glenn Stevens is playing good cop as the nation’s treasurer turns villain.

Xi Says China Must Adapt to ‘New Normal’ of Slower Growth – BB
China April fiscal revenues up 9.2 percent year-on-year – Reuters

Tax hike takes toll on Japan retailers' mood, but outlook brighter – Reuters
Japan Posts Record Low Current-Account Surplus in Fiscal ’13 – BB
Japan Shows Resilience to Tax-Rise on Record Confidence Gain – BB

OTHER
Europe Deflation Risk Seen by 74% in Global Investor PollBB
Financial professionals are optimistic about the global economy, just not as fervent about it as they were at the start of the year. That’s the message from the latest Bloomberg Markets Global Investor Poll, which shows concern about risks ranging from the turmoil in Ukraine to the threat of deflation in Europe.

Are Valuations Really Too High?John Mauldin
Take It to the Limit * In a Perfect World * The Future of Earnings * How Did We Get Here? * It’s Not Only Stock Market Valuations

Macro Horizons: China, Japan Data Point to Restructuring Challenges in BothWSJ

Grand Central: Yellen’s First Job: PlumbingWSJ
Fed to Expand Testing of Deposit Facility * Reverse Repos Set to Become Permanent: Fed’s Lockhart * Global Inflation Ticked Up in March * Is It Time for the PBOC to Adjust Its Policy?


FINNISH
Cannes - kokouksesta muistettuaHenri Myllyniemi / US

Haluatko Suomen tiiviiseen EU-liittovaltioon?Sirpa Abdallah / US

EU ja euro - suuret lupaukset ja isot pettymykset!Toimi Kankaanniemi / US

Työttömyys talouden joustovarana?Arto Vihavainen / US

Haluatko Suomen tiiviiseen EU-liittovaltioon?Sirpa Abdallah / US

Avoin kirje Pääministeri Jyrki KataiselleVesa Kanniainen / US

Vastauksia Kanniais-skeptikoilleJuhani Huopainen / US

Euron tulevaisuus?Sakari Puisto / US

Saksasta veturi?Roger Wessman