Google Analytics

Wednesday, December 19

19th Dec - US Open



Previously on MoreLiver’s:

Follow ‘MoreLiver’ on Twitter or Facebook 

Roundups & Commentary
Frontrunning – ZH
Overnight: Deja Cliff – ZH
The Lunch Wrap – alphaville / FT
Emerging N.Y. headlines – beyondbrics / FT
Today’s front pages – presseurop
Daily press summary – Open Europe
  Berlusconi: Italy will be forced to leave the euro unless ECB starts printing money

Morning MarketBeat – WSJ
Broker Note Briefing – WSJ
European Currencies Rally, Dollar-Bloc Heavy – 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
Tracking Europe’s Debt Crisis – NYT
FX Options Analytics – Saxo Bank
European 10yr Yields and Spreads – MTS indices
Economic Calendar – Forexpros


EUROPE
Agenda 2013: the next steps in completing EMUECB
Speech by Jörg Asmussen at Internationaler Club Frankfurter Wirtschaftsjournalisten,
Frankfurt am Main, 19-Dec-2012

ECB: Greek bonds eligible collateralECB

Swedish X-mas IndicatorsNordea (pdf)
a chart-pack about the Swedish economy

Europe takes an important step towards a European banking unionvoxeu.org
European leaders pieced together an historic compromise last week on a European banking union. This column argues that the agreement, which centred on banking supervision, is only the first step on the long and winding road towards a banking union. But the fact that this step is now essentially confirmed is almost unqualified good news.

Monetary policy and banking supervisionvoxeu.org
Eurozone leaders agreed to transfer bank supervision to the ECB with the detail yet to be fleshed out. It is widely acknowledged that giving the ECB two tasks creates a conflict of interest. This column argues that the two functions must be separated by setting up a Supervisory Board, operating independently within the ECB, and by granting the new supervisors a solvency instrument that is independent of the interest rate.

  GERMAN IFO
Ifo Business Climate Improves – CESIFO
Ifo points to further improvement – Danske Bank (pdf)
German Business Confidence Rises for a Second Month – BB

ASIA
Bank of Japan Preview: Intense political pressure for more easingDanske Bank (pdf)

OTHER
Morning Briefing (EU/US)BNY Mellon
This weekend provided another encouraging sign from China.

Nordea Risk Perception Index week 51Nordea (pdf)
Spread compression and decreases in implied vol. Risk premiums likely to continue tightening in beginning 2013, but upside risks remain. (summary)

IN FINNISH
Pankkiunioni tai ei – Suomi kantaa muiden riskejäJan Hurri / TalSa
Edes "aito pankkiunioni" ei vähentäisi euromaiden liikoja velkoja eikä pienentäisi liikoja pankkiriskejä. Rakenteilla onkin Frankensteinin finanssihirviö, jossa riskit on vain tarkoitus ensin pilkkoa ja sitten koota uuteen kokoonpanoon. Suomi saisi taas kantaakseen muiden riskejä – niin kuin kriisitoimissa tähänkin asti.