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Tuesday, November 20

20th Nov - US Open




Previously on MoreLiver’s:

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Roundups & Commentary
Frontrunning – ZH
Overnight: French Downgrade Comes And Goes As Europe Open Fills EURUSD Gap– ZH
The Lunch Wrap – alphaville / FT
Emerging N.Y. headlines – beyondbrics / FT
Today’s front pages – presseurop
Daily press summary – Open Europe

Morning MarketBeat: Not Out of the Woods Yet – WSJ
Broker Note Briefing – WSJ
Another Brick in the WallMarc to Market

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
Tracking Europe’s Debt Crisis – NYT
FX Options Analytics – Saxo Bank
European 10yr Yields and Spreads – MTS indices
Economic Calendar – Forexpros


EUROPE
Sacrificing The Will Of The People On The Altar of The EuroTestosterone Pit

A year in a life…alphaville / FT
Dear euro, this has been your 2012 so far. Do try and get through the rest safely:

Is Catalonia backing away from independence?alphaville / FT
The people of Catalonia go to the polls on Sunday. Although it’s just a regional election, the vote is seen as a key gauge of the Catalan independence movement’s strength.

Bank of England’s biannual anxiety surveyalphaville / FT
On Monday, the results of the Bank of England’s Systemic Risk Survey were out. How confident are 79 market participants — from hedge funds, banks, building societies, large complex financial institutions, asset managers and insurers — in the UK’s financial system?

Europe would lose if Britain left the unionThe World / FT
The relationship between Britain and the EU looks like a marriage gone bad. Rows are becoming more and more frequent. The two parties are talking openly about separation. The chances that Britain will eventually leave the EU are rising inexorably. This weekend an opinion poll showed that 56 per cent of Britons now want out.

  SUMMIT
Brinkmanship on EU budget as officials ponder deal without UKeuobserver
Officials are considering ways to circumvent British opposition to an EU budget deal as member states flex their muscles ahead of Thursday's (22 November) summit aimed at reaching agreement on the bloc's next seven year budget framework starting in 2014.

Bold AV call on Eurogroup discussion on Greece: No decisionalphaville / FT

EU Leaders Face Greek Aid Gap in Brinkmanship With IMFBB
European finance ministers will try to plug a 15 billion-euro ($19 billion) hole in Greece’s finances and win over the IMF in the latest installment of three years of debt-crisis brinkmanship.

French downgrade to give way to Greek debt dealMacroScope / Reuters

  FRANCE DOWNGRADED
France stripped of another top rating – euobserver
France Loses Another Top Rating – WSJ
France Loses Top Rating at Moody’s in Blow to Hollande – BB
Moody's strips France of triple-A rating; a notch lower – Reuters
Moody's warns of fresh downgrade if French reforms stall – Reuters
France says economy sound despite Moody's downgrade – Reuters

Full Text: To Aa1 from Aaa, maintains negative outlook – Credit Writedowns
Moody’s cuts France’s Aaa rating, may want to check if its next baguette explodes – alphaville / FT
Moody's Cuts French Rating, Matches S&P – Marc to Market
Moody’s Cuts French Rating, Matches S&P – ASA
Citi Has First Reaction To Moody's Downgrade: Not Surprising But More EURUSD Downside – ZH
Wall Street Responds To The French Downgrade – ZH

UNITED STATES
America’s Fiscal CliffSatyajit Das / EconoMonitor

Industrial Production StallsTim Duy’s Fed Watch

Strategic Briefing: Housing & The EconomyThe Capital Spectator

ASIA
Bank of Japan on hold as expected, poised to ease furtherDanske Bank (pdf)

OTHER
Morning briefing – TuesdayNordea (pdf)
or read the summary

IN FINNISH
Blogi: EU vastaan IMF – molemmat väärässä vyönkiristysten vaikutuksistaNordea

Työttömyyden lasku tilastoharhaaNordea (pdf)
Tilastokeskuksen tänään julkaisemat lokakuun työvoimatutkimuksen tulokset antavat liian hyvän kuvan Suomen työmarkkinoista. Vastaavasti elokuun ja syyskuun osalta kuva työmarkkinoista oli tähän päivään saakka liian synkkä. Tämä käy ilmi siitä, että Tilastokeskus on madaltanut arviotaan työttömyysasteen trendistä näiden kahden kuukauden osalta.

Sanna Ukkola: Yksinäinen Jyrki BoyYLE
Zen Cafén biisiä vapaasti tapaillen: Jyrki Kataisesta on tullut mies, jonka ympäriltä avustajat viedään.

Van Rompuyn työryhmä ehdottaa euromaille ”taloussopimuksia” EU:n kanssaEK

Aluekehitysrahoista kovaa vääntöäEK

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