 |
| Q: What has happened every time this index goes up? |
Previously on MoreLiver’s:
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
FX Options
Analytics – Saxo
Bank
European
10yr Yields and Spreads – MTS indices
Economic Calendar
– Forexpros
MORNING BRIEFINGS
The state
of Ohio will be a key battleground today,
and could determine who will guide US economic policy for the next for
the next four years. UK manufacturing output is likely to
remain weak, while PPI in the Eurozone is forecast to decline.
All eyes in
Asia were firmly fixed on the RBA rate announcement and the decision
to leave rates unchanged at 3.25 percent was a mild surprise judging by the AUD’s reaction. AUDUSD rallied 30
points in a kneejerk reaction and extended its gains later
Market Preview - Tap on US Presidential election – Saxo
Bank
European markets are expected to open in the green Tuesday. Markets are keeping a close eye on the US Presidential election slated today. Meanwhile, markets also await services PMI data across Europe and German factory orders due later today.
European markets are expected to open in the green Tuesday. Markets are keeping a close eye on the US Presidential election slated today. Meanwhile, markets also await services PMI data across Europe and German factory orders due later today.
Probably a
wait-and-see day ahead of the US election result. Reserve Bank of Australia surprises the market by keeping
rates unchanged. Influential US investors issue warning about the US fiscal cliff. Market movers today: US Presidential election, PMI services eurozone, UK industrial production
Aamukatsaus – Nordea (pdf)
Turkin luottoluokitusta nostettiin, Australian keskuspankki
yllätti pitämällä korot ennallaan, EURUSD laskuun ennen USA:n
presidentinvaaleja ja Kreikan parlamentin äänestystä
Aamukatsaus – Tapiola
(pdf)
Finanssivalvonta on alkanut julkaista yli 0,5%
lyhyeksimyyntipositiot. Aloitamme näiden positioiden seurannan. Nyt suomalaisia
perusteollisuuden osakkeita shortattu, ETF:ssä pääomaavirtaa sektorille.
Morning Briefing (EU/US): Making hay whilst the
sun shines – BNY
Mellon
The
serpentine path of EUR/USD through the crisis alone warrants caution; but for
the time being, the rationale for selling is appealingMarkkinakalenteri – Nordnet
Markkinakalenteri – Taloussanomat
EUROPE
All is calm in the
EZ…or is it? – economistmeg
Greece: exit still on its way, only write
down reduces debt sufficiently Ireland: No growth, debt on unsustainable
path Spain: probably pushed into a full troika
programme, when bailout cash runs out, Spain could lose market access and
restructure.
The Eurozone breakup debate: uncertainty still
reigns – voxeu.org
Jens
Nordvig: Conversations about the breakup of the Eurozone are changing. This
column argues that an 'avoid breakup at all costs' dogmatism may not be a
prudent view. Getting good data may well be difficult, but any arguments about
the cost of a Eurozone breakup must be compared to the ongoing cost of the
status quo.
The French Connection – Marc Chandler
The
recommendations were all broadly similar--labor market reform was essential. The
French government will formally respond on November 6… Without bolder action
the rot will continue.
A Brief Review of the Eurosystem’s TARGET2
Imbalances – Place
du Luxembourg
UNITED STATES
The Fed’s dissenters – alphaville
/ FT
Nomura’s
chart of the frequency of dissenting votes from the FOMC throughout the reigns
of each Fed chairman + discussion
ASIA
'Election' Part 1: China's Political Process – ZH
'Election' Part 2: China's Market Implications – ZH
Goldman’s
longer notes
The Chinese Credit Bubble - Full Frontal – ZH
GS: The
rapid rise of corporate leverage to 130% of GDP in 2011 - one of the highest
corporate leverage ratios in the world - is concerning.