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Friday, July 13

13th Jul - US Open: Silence!


Not much for now, I’ll post a “Best of the Week” soon. Markets have been very quiet, but I would not be surprised if the S&P suddenly decides to go up for no other reason than "better be long for the weekend". For more see today’s earlier EU Open: Same old, same old... and US Close: Finnish line from last night. Enjoy the silence while it lasts.

News & Recap – RanSquawk / ZH
Frontrunning – ZH
Overnight Summary – BofA / ZH
The Lunch Wrap – FT
EM New York headlines – FT
Today’s front pages – presseurop
Daily press summary – Open Europe

Morning MarketBeat: Stock Pickers Improve. Will It Last? – WSJ
Broker Note Briefing – WSJ
Morning Take-Out – NYT
FX Update and Adjusting to Zero Deposit Rate – Marc to Market
– TF Market Advisors
AM Dear Dairy: Bounce – Macro and Cheese

Pre-market Commentary – Marketwatch
Pre-Market Trading – CNNMoney
Pre-Market – NASDAQ
US Equity Preview – Bloomberg
Earnings & Events – The Street
MarketCurrents – Seeking Alpha

Debt crisis: live – The Telegraph
The Euro Crisis Blog – WSJ
Tracking Europe’s Debt Crisis – NYT
FX Options Analytics – Saxo Bank
European 10yr Yields and Spreads – MTS indices

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EURO CRISIS
France Has No Problem With Sovereignty in Euro Crisis ResponseBB
France is ready to cede sovereignty to its European partners if it helps create greater willingness to share the financial burden of a common currency, European Affairs Minister Bernard Cazeneuve said.

Step-By-Step: How To Fix EuropeMark Grant / ZH
1. Europe has to stop lying and start telling the truth in the first instance.

Nama and El Namaalphaville / FT
How far will Spain’s bad bank be like Ireland’s?

Concessional in Spainalphaville / FT
Lend at low rates, for a long term. It’s one way Spain’s official creditors could believably renounce seniority in the bailout.

Swiss 2Y Rates Plunge To -43bps As All Trust Is LostZH

OTHER
Sentiment Update For All AssetsThe Short Side of the Long
Equity sentiment shows majority are not bearish enough yet - Barron's asks which bond fund is the best for you? - Dollar sentiment is extremely optimistic... once again - Very large fund outflow leave commodity markets in May

The most important charts in the worldBI
we reached out to some of the world's most influential analysts, economists, hedge-funders and traders and asked them a simple question: what charts are you always keeping your eye on?

Q2 2012 earnings season: So it begins; ready for disappointment?Saxo Bank

Weekly Credit Update Danske Bank (pdf)