Previously on MoreLiver’s:
Follow ‘MoreLiver’ on Twitter
EUROPE
The Eurozone’s Miserable Profits – WSJ
The U.K's primary income
from the rest of the EU fell to its lowest level since 1999 in the final
quarter of 2015, and meager earnings growth doesn't help
MIGRANT
CRISIS
Europe’s migrants,
Turkey’s problem – Politico
Migrant crisis: Greece
starts deportations to Turkey – BBC
Migrants sent back from
Greece arrive in Turkey under EU deal – Reuters
GREECE
Lenders eye start of
Greek debt relief talks at IMF meetings in mid-April – Reuters
Wikileaks: IMF Plan To Cause
A Credit Event In Greece, Destabilize Europe – ZH
IMF Discussed Pressuring
Germany on Greek Debt, WikiLeaks Says – BB
IMF fears Brexit talk
will prevent EU from helping Greece – Politico
Greece Demands Explanation
From IMF Over Leaked Transcript – ZH
Greece demands IMF
explanation over leaked debt transcript – Reuters
Paul Mason: IMF Plots
New “Credit Event” For Greece – Social Europe
El-Erian: Leaks
Strengthens Case for Debt Forgiveness – View / BB
IMF's Lagarde tells
Greece debt leak is 'nonsense' – BBC
Greece's Euro Future May
Be Back in Play If Rescue Talks Drag On – BB
Greek Bonds Drop as IMF
Says Deal on Additional Loans Is Far Off – BB
Lagarde Says IMF Greek
Deal Far Off as Talks Roiled by Leaks – BB
Editorial: Time Is
Running Out (Again) for Greece – View
/ BB
Greece's July ECB
Payment Looms Over Bailout Negotiations: Chart – BB
EUROPEAN
CENTRAL BANK
Credit Suisse: ECB’s
shift in the emphasis of policy: away from a sensitivity to the exchange rate,
and towards supporting easy domestic financial conditions.
Why the ECB Shouldn’t Be Too Smug About Those
Falling Bund Yields – WSJ
The slide in German
yields mirror's last year's, right before they started climbing up again
OTHER
While some technicals
suggest the USD may pause here, the overall decline in volatility, caused by
better global data - notably from China - is a headwind to the USD now...
Bond yields and helicopters – Frances
Coppola
The public sector, to
the extent it can control its own money supply, needs to borrow and spend because the private sector is not spending
enough. The situation has gotten so extreme that investors are willing to pay
certain governments to do just that.
The Business of Space Funerals – Priceonomics
PANAMA
LEAKS
How Süddeutsche Zeitung
got the Panama leaks story – Politico
Former Iceland premier calls
to PM: "Resign to prevent an uprising" – ZH
What are the Panama
Papers? – The Guardian
How the world’s rich and
famous hide their money offshore – The
Guardian
The $2bn offshore trail
that leads to Vladimir Putin – The Guardian
Leak Exposes The
Criminal Financial Dealings – ZH
Mossack Fonseca leak
reveals elite's tax havens – BBC
Tax authorities begin
probes into some people named in leak – Reuters
A Panamanian bombshell –
FT
So you thought bearer
securities weren’t a thing anymore? – FT
Leak reveals a global
web of corruption and tax avoidance – vox
The Panama Papers: The
Mysterious U.S. Connection – WSJ
5 ways the Panama Papers
swept up EU figures – Politico
France, Spain, US launch
probes over Panama Papers – Politico
MERVYN
KING
Mervyn King, "The
End of Alchemy" – Youtube
A Fireside Chat with
Lord Mervyn King – Youtube
Lord Mervyn King:
"The End of Alchemy" – Youtube
Mervyn King on the
Global Economy – Youtube
REGULARS
Upbeat US data, more Brexit worries,
focus still on central banks * Resilient US labour market * Long German bonds
in demand * GBP takes another hit
Friday's crude oil slide is
continuing and intensifying this Monday morning after the Saudi deputy crown
prince cast doubt on the outlook to an agreed international production freeze
by saying any deal was contingent on the participation of other major producers
including Iran.
Panama
Daily Shot – TF
Friday's US employment
report showed continuing improvements in the nation's job markets though the
jobless rate also rose as a result of more Americans seeking work. The nonfarm
payrolls report and other economic data raised the implied probability of US
rate hikes in 2016 as shown by Fed funds futures by nearly 10%.
Matt Levine’s Money Stuff
– View
/ BB
Panama Papers and
Marquee Data
Opinium survey finds 81%
of older voters certain to turn out in EU referendum, compared to 52% of
younger voters * Financial markets fear sterling devaluation post Brexit * New
figures for EU migration to be published weeks before referendum * French
Finance Minister hints at possible EU Treaty change “beyond 2017” * Greece
begins deporting migrants back to Turkey * New poll: Majority of Italians think
Brexit would have “only negative effects” * Tsipras and Lagarde trade barbs
over leaked IMF conversation * Polish Foreign Minister: Strategic co-operation
between EU and NATO must be re-defined * New Spanish poll: Centre-right
alliance could win absolute majority in case of re-run elections
ECJ slammed — Putin’s tax haven —
Steel politics explode
US Open – ZH
Germany To Greece: No Debt Relief
For You
Frontrunning – ZH
The market largely
shrugged of Friday’s solid US jobs data figuring that the Fed is going to stay
the dovish course for now regardless of the strength of data. Still we’re
seeing signs of exhaustion in the commodity dollar rallies though the JPY is
making mischief again as USDJPY eyes key support.
The dollar's failure to
latch on to a solid NFP print for a rally push confirms that the greenback is
looking increasingly marooned by the Fed's insistence on a dovish approach that
could take the next rate hike move to beyond November's presidential elections.
FINLAND
& FINNISH
Globaalit
tekijät dominoivat Fedin päätöksentekoa * Vahva työllisyysraportti USA:sta *
USA:n tehdasteollisuuden luottamus (ISM) nousussa * Riksbankin pääjohtajan puhe
voi tarjota ajurin Ruotsin kruunulle