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Wednesday, October 17

16th Oct - EU Open




Roundups
News roundup – Between The Hedges
The 6am Cut London – alphaville / FT
Emerging Markets Headlines – beyondbrics / FT

Reference
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

MORNING BRIEFINGS
Morning Briefing (Asia): US Retail Sales Surge, Bolstering StocksBNY Mellon
A fundamental force behind the EUR’s past performance is in a state of flux

3 Numbers to Watch: UK CPI, DE ZEW & US Industrial ProductionSaxo Bank
There's plenty of economic data releases to sift through today. CPI in the UK is forecast to slow its pace of increase. The latest ZEW survey should show a slight improvement in Germany's growth outlook, while US industrial production may to rebound.

Asia Today: AUD holds firm despite dovish RBA minutesSaxo Bank
The minutes of the last RBA meeting were the highlight of an otherwise barren Asian data slate. They were expected to be dovish,and if anything, the tone was slightly more gloomy/dovish than had been expected. AUD reacted lower briefly but recovered

Market Preview: German ZEW Survey eyedSaxo Bank
European markets are expected to open higher Tuesday as investor sentiment remains upbeat following strong US corporate results and retail sales data. Investors are watching a German ZEW survey and US industrial production data due later today.

Danske DailyDanske Bank (pdf)
Positive risk sentiment on the back of strong US retail sales data yesterday – stock
markets are higher but US bond yields only marginally higher. Spain is prepared to ask for ESM assistance but this is unlikely to happen in connection with the EU summit. Deal between Greece and Troika also unlikely to be closed before EU summit. 

AamukatsausNordea (pdf)
USA:n vähittäismyynti valaa uskoa kuluttajiin * Neuvottelut Kreikassa venyvät huippukokouksen yli * Kreikka tuki riskinottotunnelmaa korkomarkkinoilla

AamukatsausTapiola (pdf)
Positiivisena jatkunut USA:n makrodata jaksoi kääntää tuloskautta arkailevan markkinan nousuun.
USA:n vähittäismyynnin kasvuluvut kääntymässä jälleen nousuun. Osakefutuurit nyt aamulla selvästi plussalla, indikoiden nousuavausta. Tänään kalenterissa paljon makrodataa niin Euroopasta kuin USA:sta sekä muutama tärkeä 3Q12 tulos USA:ssa.

Morning Briefing (EU/US): All we are sayingBNY Mellon
Ireland’s export-led resilience can only absorb so much pressure

MarkkinakalenteriNordnet
MarkkinakalenteriTaloussanomat

Reference
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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