Google Analytics

Wednesday, January 2

2nd Jan - US Open

The 2012 and 2013 specials have been updated with new material. 
 
Previously on MoreLiver’s:                  

Follow ‘MoreLiver’ on Twitter or Facebook

Roundups & Commentary
US Opening News And Market Re-Cap – Ransquawk / ZH
Frontrunning – ZH
Overnight: The Cliff Is Dead, Long Live The Cliff: Futures Soar – ZH
The Lunch Wrap – alphaville / FT
Emerging N.Y. headlines – beyondbrics / FT
Today’s front pages – presseurop
Daily press summary – Open Europe

Morning MarketBeat: Cliff Optimism May Be Short-Lived – WSJ
Broker Note Briefing – WSJ
US Fiscal Cliff Averted, Risk Appetite Increases – 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
The eurozone will muddle through (again)The A-list / FT
At the last European Council summit of 2012, politicians decided to go ahead with the banking union while ending their reflections on fiscal union they had initiated in June, a time of acute market stress. The message: banking union is needed; the rest is not.

Monti Shifts Into Campaign GearThe Euro Crisis / WSJ

Euro zone factory slump deepens but Asia perks upReuters

If we can’t do a deal with Europe, leaving it should hold no terrorsThe Telegraph

UNITED STATES
Macro Strategy – Watch US ISMNordea (pdf)
As for today’s ISM print our models are actually pointing towards a surprise to the upside. This is the first time we are above consensus in a macro call for over a year and we question ourselves if this is the beginning a new trend? Nevertheless, our initial reaction is to position for long carry in FX.

  FISCAL CLIFF
Fiscal cliff averted but uncertainty remainsDanske Bank (pdf)

And from the fiscal fudge-ospherealphaville / FT

House vote steps back from "cliff"Reuters

House Backs Tax Deal as Next Fight LoomsBB

Ten Things You Should Know About the Cliff Deal (So Far)View / BB

Fiscal cliff averted but still plenty of policy risksNordea
The last-minute fiscal cliff deal is clearly a relief because it helps the US to steer clear of recession. However, while the fiscal cliff is now history, we will likely face another fiscal battle in Washington in just a few weeks’ time, with potentially negative consequences for confidence.

OTHER
Morning Briefing (EU/US): In the beginningBNY Mellon
It's the start of a new month and year and time to update our risk calendar

Morning BriefingNordea (pdf)
or the summary

Stocks to soar as world money catches fire, Calvinist Europe left behindThe Telegraph
Ambrose Evans-Pritchard: Bears beware. A monetary revolution is underway.