Previously on MoreLiver’s:
Roundups
News
roundup – Between
The Hedges
The 6am Cut
London – alphaville
/ FT
Emerging
Markets Headlines – beyondbrics
/ FT
MORNING BRIEFINGS
Last
month’s read on spending for durable goods in France will be closely analysed for clues
on the Eurozone's macro trend. Meanwhile, the crowd is looking for a modest bit
of good news on unemployment in Germany and fourth-quarter GDP in the US.
The recent
reassurances from the Fed and the ECB heads to continue with their current
monetary easing stance is likely to help European markets open firmer Thursday.
Today, markets eye revised US GDP and other macro releases in the US and Europe.
Prime
Minister Abe nominates Kuroda as new BoJ governor. Less fear of a political
deadlock in Italy as investors do not shun Italian
debt. More strong housing data out of the US. Market movers today Chicago PMI, Retail sales Norway and Sweden, Draghi speech
Aamukatsaus – Nordea (pdf)
Automaattiset menoleikkaukset lähestyvät USA:ssa * Euroalueen
luottamuksen piristyminen laiha lohtu Italian vaalien jälkeen * Kuroda ehdolla
BoJ:n puheenjohtajaksi
Aamukatsaus – Tapiola (pdf)
Osakemarkkinoilla nousua vahvojen makrolukujen siivittämänä.
Euroalueen talousluottamus kohentui ja USA:ssa saatiin puolestaan
asuntomarkkinoilta jälleen positiivista dataa. EKP:n Draghi kommentoi eilen
jatkavansa elvytystä (jatkoa FED:in
vastaavaan kommenttiin). Osakefutuurit plussalla, indikoiden nousuavausta
pörssiin. Kevään 2013 osinkotuotot paremmuusjärjestyksessä: Kovimmat tuotot:
Elisa 8,2%, Sanoma 7,6%, Fortum 7,0%, UPM-Kymmene
6,9%, Aktia 6,8%. Osinkojen irtoamiskalenteri lisätty.
Markkinakalenteri – Nordnet
Markkinakalenteri – Taloussanomat
EUROPE
Italian national elections have ended in chaos and the
voters’ message is that they are tired of austerity and the political elite. The
country faces a hung parliament after votes were split between a former
comedian, an ex-prime minister who faces corruption charges, and the
centre-left, who won narrowly in the lower house. Mario Monti, the technocratic
prime minister who was appointed 15 months ago, came a distant fourth place. In
this podcast, Guy Dinmore, Rome correspondent, Peter Spiegel, Brussels bureau
chief, and Ferdinando Giugliano, leader writer, join world news editor Shawn
Donnan to discuss the unfolding drama, which could take weeks to resolve.
UNITED STATES
Ben Bernanke to Congress: You're doing it wrong – Wonkblog
/ WP
There seem
to be no serious monetary policy doves in Congress… The toughest real talk,
actually, tends to come from Bernanke himself, who uses his occasional visits
to the Hill to politely, opaquely scold Congress about their approach to fiscal
policy.
Know Your Fed Chairs – Tim
Duy’s Fed Watch
Tennessee
Senator Bob Corker (R) went on the offensive during the Q&A period of
Federal Reserve Chairman Ben Bernanke's Senate testimony this week.
Waiting for the sequester – The World
/ FT
Friday.
That is the day when sequestration – automatic cuts to US government spending – kicks in. One
of the areas that is likely to be hit first is air travel – with predictions
that there will be cut-backs in staff on air-traffic control, security lines
and customs and immigration. To be fair, it is unlikely that those cuts will be
felt as soon as this weekend. But nobody is quite sure – so it’s probably best
to be getting out of the country, before the lines get too long.
Cuts unlikely to deliver promised budget
savings – Reuters
The
so-called "sequester" is likely to yield less than half of the $85
billion in budget savings promised on paper, reflecting the probability that
the spending cuts will hurt the economy and doing little to restrain federal
debt over the long term.
IN FINNISH
Kysymyksenasettelu EU-kansanäänestyksessä – Olli
Pusa / US Puheenvuoro
Italian vaalitulos hajottaa Euron – Juha
Lehtinen / US Puheenvuoro