Previously on MoreLiver’s:
Roundups &
Commentary
Frontrunning – ZH
Overnight: Directionless Drift Marks Eventless Session
– ZH
The Lunch Wrap – alphaville
/ FT
Emerging N.Y. headlines – beyondbrics
/ FT
Today’s front pages – presseurop
Daily press summary – Open Europe
Morning MarketBeat: Rising Correlation Another Worry –
WSJ
Broker Note Briefing – WSJ
The T Report: Have We Obottomed? – TF
Market Advisors
US session ahead
Pre-market
Commentary – Marketwatch
Pre-Market
Trading – CNNMoney
Pre-Market
– NASDAQ
Earnings
& Events – The
Street
MarketCurrents
– Seeking
Alpha
Reference
Debt
crisis: live – The
Telegraph
The Euro
Crisis Blog – WSJ
FX Options
Analytics – Saxo
Bank
European
10yr Yields and Spreads – MTS indices
Economic
Calendar – Forexpros
EUROPE
Blogs review: Dating the European Double Dip – bruegel
Eurostat
announced this week that euro area GDP declined for a second consecutive quarter –
pushing back the euro area into recession according to the commonly used rule
of thumb for defining a recession. But the European equivalent to the NBER’s
business cycle committee – generally seen as the authority for dating US
recessions – announced that the recession actually started earlier than that,
arguing that the euro area has been in a recession since economic activity
peaked in the third quarter of 2011.
Greek debt — a riddle, wrapped in a mystery,
inside an enigma – MacroScope
/ Reuters
German and French Growth Engines Slow Down in
the Eurozone – Economonitor
During the
past two years, Germany and France have driven growth and debt talks
in the Eurozone. Now the two economic engines of the Eurozone are slowing down,
and bilateral friction is increasing.
Van Rompuy: financial tax to form part of EU
budget – euobserver
Draghi, one for the birds – alphaville
/ FT
It’s a
charming read, as the policymaker reviews the eurozone crisis in pleasantly
digestible terms even by Friday morning standards.
ASIA
After
leadership transition, China will move toward liberal reforms,
but in the uncertain world such changes require tough hands. How will the new Beijing approach Europe?
OTHER
Emerging Markets Briefer - November 2012 – Danske
Bank (pdf)
Emerging
markets FX is under considerable pressure as the risk-off environment due to fiscal
cliff concerns and the re-emergence of the eurozone debt crisis dominates
global markets at this moment. However, we believe this is only temporary and,
going into the 2013, we expect the appetite for risk assets to return.
The good (political) times are over for risk
assets – alphaville
/ FT
Morgan
Stanley cross-asset strategist Gerard Minack has been looking over a long
horizon, and observes that risk assets have had a good run from policymakers
for several decades. But that time is probably over.
Weekly Credit Update – Danske
Bank (pdf)
Direction
of credit markets will depend on US fiscal cliff negotiations * Decent - but
not high - activity in the primary markets * Liquidity management exercise
could pick up
Stress Indicators: Is the holiday over? – Saxo
Bank
Why we need a crisis – Saxo Bank
Swedish morning briefing - Friday – Nordea
(pdf)
or read the
summary