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Monday, February 4

4th Feb - EU Open



Previously on MoreLiver’s:

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Roundups
News roundup – Between The Hedges
The 6am Cut London – alphaville / FT
Emerging Markets Headlines – beyondbrics / FT


MORNING BRIEFINGS
3 Numbers to Watch: EU Invest. Conf., UK Const., US Employ. TrendTradingFloor
Eurozone investor confidence is expected to show more improvement, while construction activity in the UK will continue to struggle. Also, a broad read on the US labour market will probably reflect another month of modest growth for January.

Market Preview: Merkel-Rajoy meeting, EU investor confidence eyedTradingFloor
European markets are expected to open higher Monday. Markets are keeping an eye on a meeting between Mariano Rajoy and Angela Merkel today. Also, EU Sentix investor confidence and US factory orders data will garner market attention.

Danske DailyDanske Bank (pdf)
China’s service PMI rose but details are mixed. Stock markets continue to set new highs. Same goes for EUR and JPY. Bond yields rose sharply in late US trading. Little news this week – focus on ECB meeting Thursday.

AamukatsausNordea (pdf)
Hyvä vire USA:n taloudessa jatkuu * Ei vielä linjamuutoksia EKP:n rahapolitiikkaan * Jenin heikentyminen ei ota loppuakseen 

AamukatsausTapiola (pdf)
Vahvat ostopäällikköindeksit siivittivät osakkeet edellisviikon lopuksi nousuun. USA:n perjantain työmarkkinaraportti melko lailla odotettu. Osakefutuurit nollassa nyt aamulla - indikoiden tasaista avausta pörssiin. Pohjoismaisilta pankeilta vahvoja tuloksia: Nordean arvostus vaikuttaa houkuttelevalta.

MarkkinakalenteriNordnet
MarkkinakalenteriTaloussanomat

EUROPE
Europe's Sham Banking Unionre-define
The question today is not about the intellectual case for a more unified approach to bank regulation and supervision within a single-currency area such as the euro zone. That case is still strong. Rather, it is about if what is being pedalled as a ‘banking union’ will deliver the goods—whether it will help tackle the economic crisis that still looms large over Europe or not. Evidence is now stacking up that it will not.

As the Eurozone tries to turn the corner, one member nation continues to lagSober Look
The trends in the composite PMI measures for France vs. the rest of the Eurozone have diverged.

EU to set up euro-election 'troll patrol' to tackle Eurosceptic surgeThe Telegraph
The European Parliament is to spend almost £2 million on press monitoring and trawling Eurosceptic debates on the internet for "trolls" with whom to debate in the run-up and during euro-elections next year amid fears that hostility to the EU is growing.

ASIA
Still Raining in JapanMarc to Market
Abenomics is simply the past LDP neo-Keynesian policies on steroids.  Monetary policy is to become significantly more accommodative.   Fiscal policy will become more stimulative.  There is not much discussion of much needed structural reform or a bold vision of Japan's in the 21st century. 

OTHER
The Best And Worst Of Emerging MarketsZH
Citi's Early Warning System heat-map provides an at-a-glance perspective of the emerging market currencies at most (and least) risk based on 12 indicators of economic and financial stress.

The New Normal In Nine ChartsZH
There is little room for error in economic reality catching up to stocks 'hope'-filled expectations.

FX Comment: going for moreNordea
ECB's Draghi is on stage this week, and the chances are he is not going to verbally talk the EUR down... just yet.

The Week Ahead: Eight ObservationsMarc to Market

IN FINNISH
Kasvaako tulevan Euroliittovaltion hinta päivä päivältä?tyhmyri