7th Nov - EU Open

Now that the US elections are over, people will refocus on the European crisis (Greece foremost, but secondly Spain) and then then US fiscal cliff.

 

Previously on MoreLiver’s:

6-Nov US Close

6-Nov US Open

6-Nov EU Open

6-Nov Special: US Elections

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Roundups

News roundup – Between The Hedges

The 6am Cut London – alphaville / FT

Emerging Markets Headlines – beyondbrics / FT

Roundup: Brief Thoughts on the Price Action – Marc to Market

Reference

TV: Bloomberg, CNBC, BBC

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

MORNING BRIEFINGS

3 Numbers to Watch: EZ Retail Sales, DE Ind Prod & US Cons Credit – Saxo Bank

Retail sales in the Eurozone are expected to edge slightly higher, but still likely to remain stubbornly low overall. In Germany, industrial production is forecast to dip lower, while lending to US consumers is expected to fall.

Asia Today: USD weakens as US election leans towards Obama – Saxo Bank

There was not much on the data front so all eyes were glued to US election screens during the Asian session. Predictions/exit polls suggested we were closer to an Obama victory than a Romney one; USD softened overall with UST higher, equities lower

Market Preview - Obama re-elected; Greek austerity vote eyed – Saxo Bank

European markets are expected to open mostly higher Wednesday on improved market sentiment after Barack Obama was re-elected as the US President. Meanwhile, investors keenly await the Greek vote due later today on fresh austerity measures.

Danske Daily – Danske Bank (pdf)

Obama projected to win the US election by major TV networks. Knee-jerk negative market reaction:  treasuries higher,  US stock futures  lower and somewhat surprisingly, the dollar weaker against the euro. Market movers today: Focus on US election result, Riksbank minutes, EU releases recommendations on Spain

Aamukatsaus – Nordea (pdf)

Obama jatkaa – kuten myös poliittinen takalukko * Kreikassa äänestetään tänään säästötoimista *  EURUSD vahvistunut aamun aikana selvästi USA:n vaalituloksen vahvistuttua 

Aamukatsaus – Tapiola (pdf)

Tikkurila julkaisi tänään vahvan Q3-tuloksen. Samalla yhtiö nosti pitkän aikavälin taloudellisia tavoitteitaan. USA:n vaalit päätyivät odotetusti, joten vallan tehostuminen maassa jää haaveeksi. Markkinan suunta: Osakemarkkina oli eilen nousussa ennen USA:n vaaleja, jotka päättyivät kaikilta osin melko odotetusti Obaman tullessa valituksi uudeksi presidentiksi. Osakefutuurit tukevasti plussalla, indikoiden nousuavausta. 3Q12-tuloksia aamulla: Hyvät tulokset: Tikkurila. Heikot tulokset: SRV.

Morning Briefing (EU/US): Reading the runes – BNY Mellon

Can GBP derive support from its fundamentals? Probably not, but this is no barrier to success

Markkinakalenteri – Nordnet

Markkinakalenteri – Taloussanomat

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