22nd Aug - US Open

Perhaps there is room for one leg up in SPX, but that's it - if I am bullish on Spanish bond yields, implying weeks of European aversion to risk, there is very little room for more bullishness in the stock markets.

Previously on MoreLiver’s:

22.8. EU Open

22.8. Credit Guest: Desperado

21.8. US Close

21.8. US Open

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Roundups & Commentary

US Opening News And Market Re-Cap – Ransquawk / ZH

Frontrunning – ZH

The Lunch Wrap – alphaville / FT

Emerging N.Y. headlines – beyondbrics / FT

Today’s front pages – presseurop

Daily press summary – Open Europe

Morning MarketBeat: Curb Your Enthusiasm Ahead of Fed Minutes – WSJ

Broker Note Briefing – WSJ

Morning Take-Out – NYT

Overnight Summary – ZH

AM Dear Dairy: Pause – Macro and Cheese

– Marc to Market

Bad Bear Tells – TF Market Advisors

US session ahead

Pre-market Commentary – Marketwatch

Pre-Market Trading – CNNMoney

Pre-Market – NASDAQ

US Equity Preview – Bloomberg

Earnings & Events – The Street

MarketCurrents – Seeking Alpha

Reference

TV: Bloomberg, BBC

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

EUROPE

The World from Berlin 'The Real Problem Facing EU? It Is Not Trusted' – Spiegel

The bad news just keeps coming for Greece. Now, it appears that the country will have to make even deeper cuts than anticipated to satisfy its international creditors. German commentators wonder when the downward spiral will come to an end.

Draghi does his best – Macrobusiness

ECB will avoid explicit yield caps, says Goldman Sachs – ASA

EUROPE: PIIGS

Spanish and Italian bond issuance, once the holiday is over – alphaville / FT
 

Spain Deficit Goals at Risk as Cuts Consensus Fades: Euro Credit – BB

Europe should choose whether it wants Greece in or out – bruegel

The Greek Dilemma Three Thorny Paths to Saving the Euro – Spiegel

Greece may soon face bankruptcy, but what would happen after that? If governments and central banks want to preserve the euro, they might have to take some very risky steps -- each with its own potential dangers. Europe has begun searching for the lesser of several evils.

CHINA

Research Asia: Waiting for China to recover – Danske Bank (pdf)

Growth has slowed across Asia as exports to Europe and the US suffer and China’s growth has failed to recover. This is now forcing a more aggressive policy response with both fiscal and monetary policy being eased across Asia.

Local governments are still announcing massive investment plans – ASA

Steel and iron ore prices fall, steel mills defaulted on contracts – ASA

IN FINNISH

Näin Suomen kriisivakuudet haihtuvat jo ilmaan – Jan Hurri / TalSa

Kilpajuoksu alkaa taas: 8 viikkoa aikaa pelastaa euro – TE

Arvio: Euron hajoaminen koituisi Saksalle kalliiksi – TalSa

SELL-SIDE RESEARCH

You need to register (free) to FT alphaville’s Long Room to access these files (link)

ECONOMICS

Global Economics Weekly – Barclays (pdf)

Economics Weekly – Bank of America (pdf)

European Weekly Economics Focus – UBS (pdf)

FOREX
FX Weekly – Deutsche Bank (pdf)

FX Weekly – UBS (pdf)

Forex Weekly – Credit Suisse (pdf)

FX Weekly – Bank of America (pdf)

COMMODITIES

Commodities Weekly – Barclays (pdf)

Energy Weekly – Bank of America (pdf)

Commodities Weekly – Credit Suisse (pdf)

Commodity Weekly – Deutsche Bank (pdf)

Gold Watch – Credit Suisse (pdf)

STOCKS

European Equity Strategy – UBS (pdf)

US Equity Strategy – UBS (pdf)

European Strategy: Value in Periphery – Barclays (pdf)

US Equity Insight – Deutsche Bank (pdf)

OTHER

Global Portfolio Manager’s Digest – Barclays (pdf)

US Portfolio Strategy – Barclays (pdf)

Global Weekly – Credit Suisse (pdf)

Quant Hedge Fund Holdings – Credit Suisse (pdf)

Weekly Insights – Credit Suisse (pdf)

On Swiss National Bank – Exane (pdf)

Quant Q3 – Credit Suisse (pdf)

Global Rates Commandeer – UBS (pdf)

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