Previously on MoreLiver’s:
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
Van Rompuy adjusts budget proposal to appease
France, Italy and Poland; Key EU leaders do not expect a deal to be
reached at this summit
Morning MarketBeat: Black Friday No Picnic for Retail
Stocks – WSJ
Broker Note Briefing – WSJ
Euro Rises despite Official Failures, Yen Consolidates
– Marc
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
FX Options
Analytics – Saxo
Bank
European
10yr Yields and Spreads – MTS indices
Economic
Calendar – Forexpros
EUROPE
German property: Euro angst hits home – The
Economist
Big cities
feel the rush into bricks and mortar
BUDGET
Milking the budget – The
Economist
Even in
times of austerity, Europe spends too much subsidising rich farmers
Despite
hours of talks in Brussels on Thursday night, European Union
leaders made little progress toward agreement on the bloc's budget for the
years 2014 to 2020. Britain and other countries have remained
steadfast in their demands for cuts. A second summit looks to be the only
likely outcome.
SPAIN / CATALONIA
Looking to the New Year? – Open
Europe
With
trouble flaring up in Greece once more and the backstop of the
ECB’s bond-buying (OMT) in place, Spain has slipped off the radar slightly.
It now seems likely that any request for a sovereign bailout (of one form or
another) will be pushed back until the New Year.
GREECE
Glimmer of Greek hope
– MacroScope
/ Reuters
Commentary:
Debt forgiveness is the only way out of this mess
MACRO
Ifo Business Climate Brightens Slightly – CESifo
German Business
Confidence Unexpectedly Climbed in November – BB
Euro area: Ifo is bottoming out and pointing to
further improvement
– Danske
Bank (pdf)
Euro-zone outlook not as gloomy as recent
headlines suggest –
Nordea
Exports, consumption drive meager German growth
in third quarter – Reuters
Exports and
private consumption helped Germany to keep growing in the third
quarter of 2012, albeit at a slower rate than previously, as Europe's largest economy felt the pinch of
the euro zone crisis.
OTHER
Morning Briefing (EU/US): Drowse – BNY
Mellon
End-of-week
reflections on the Euro-area
Weekly Preview – BNY
Mellon
Global Week Ahead: Continued focus on
policymakers – Nordea
(pdf)
Focus is
likely to be on the US fiscal cliff debate and Greece. Revised US Q3 GDP is the most important data release.
Overall we expect no major data surprises compared to consensus estimates.
Weekly Credit Update – Danske
Bank (pdf)