4th Feb - US Open

Previously on MoreLiver’s:

4-Feb EU Open

3-Feb Weekender: Views & Comments

3-Feb Weekender: Off-Topic & Finnish

3-Feb Weekender: Economics & Markets

3-Feb Weekender: The World

2-Feb Weekender: Weekly Support

2-Feb Credit Guest: House of pain and House of cards

2-Feb Weekender: Best of the Week

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Roundups & Commentary

US Opening News And Market Re-Cap – Ransquawk / ZH

Frontrunning – ZH

Overnight: Europe Unfixed Again – ZH

The Lunch Wrap – alphaville / FT

Emerging N.Y. headlines – beyondbrics / FT

Daily press summary – Open Europe

Morning MarketBeat: Beyond Dow 14000, Smooth Sailing May Be Difficult – WSJ

Broker Note Briefing – WSJ

The Week Ahead: Eight Observations – Marc to Market

Morning Briefing (EU/US): Cyprus Q&A – BNY Mellon

  With the debate over the bailout for Cyprus now coming into focus, it’s time to start looking at the details and to come to some tentative conclusions as to how this may play out.

EUROPE

ECB preview: Is Draghi concerned about LTRO repayments and EUR strength? – Nordea

I expect no change in rates, no new non-standard measures and no change in bias. Key issues: is the ECB concerned about large-scale LTRO repayments draining liquidity? Is the ECB concerned about the rise in short rates and strengthening of the EUR? Market impact: neutral to the markets. Perhaps the EUR will strengthen slightly,

Cameron Risks U.K. Becoming Hedge Fund Island for Merkel – BB

  EU BUDGET TALKS

EU budget agreement "not there yet:" Hollande – Reuters

President Francois Hollande said on Sunday France was keen to agree the EU's 2014-2020 budget at a summit in Brussels next week, but there was still much work to be done.

France and Germany cast doubt on EU budget deal – euobserver

The leaders of France and Germany have downplayed expectations that a deal will be reached this week on the EU budget for 2014-2020.

  SPAIN

Political Scandal Hits Spanish Bonds – WSJ

Spanish government bond yields climbed to their highest levels so far this year early Monday, a sign that the country's growing political scandal is undermining renewed confidence in its debt.

Spanish worries tarnish growth outlook – Reuters

European shares edged up but the euro fell and German bonds trimmed their losses on Monday as a resurgence of worries about Europe undermined positive sentiment stemming from stronger U.S. and Chinese economic data.

Euro Tremors Risk Market Respite on Spain-Italy, Banks – BB

Europe’s political tremors risk spoiling the region’s market calm, with corruption allegations buffeting Spanish Premier Mariano Rajoy and Italy’s Silvio Berlusconi narrowing the front-runner’s lead as elections loom.

UNITED STATES

Full Throttle Ahead: US Tips Global Power Scales with Fracking – Spiegel

The United States is sitting on massive natural gas and oil reserves that have the potential to shift the geopolitical balance in its favor. Worries are increasing in Russia and the Arab states of waning influence and falling market prices.

ASIA

Japan Finance Minister Models Policy After 1930s Stimulus – BB

Japanese Finance Minister Taro Aso said the government is imitating his Depression-era predecessor, Korekiyo Takahashi, who told the Bank of Japan (8301) to underwrite government debt to fund deficit spending.

Great, and not so great, inflation expectations in Japan – alphaville / FT

If the BoJ fails to deliver on its 2 per cent target there is an obvious risk that the yen will see a sharp reversal — and it’s not as if the BoJ has been particularly confident about its own ability to hit that target anyway.

OTHER

Falling tail-risk = New secular bull? – Humble Student

The best explanation I have is that the current bull is a cyclical upswing and not a secular one. This analysis suggests that we are still in a range-bound market. Stocks could go higher from these levels, but don't expect them to rocket to sustainable new highs in the next 12-36 months.

Chart of the week: EM currencies, winners and losers – beyondbrics / FT

Emerging Markets Calendar – Handelsbanken

China CPI, trade and lending in focus

Key Macro Events And Developments In The Coming Week – ZH

The Week Ahead – Handelsbanken

US: ISM non-manufacturing likely to remain on optimistic levels * Sweden: Basically flat IPI trend expected to linger * Norway: Modest growth in manufacturing expected in De-cember * EMU: ECB likely to stay "on hold" despite EUR strength * China: CPI takes a breather in January. Seasonal effect to lift y-o-y growth for external trade. Early-year lift in new CNY loans.

Nordic Rating Guide – Handelsbanken

Moody's, Standard & Poor's and Fitch's long-term ratings, short-term ratings and rating outlook of selected Nordic borrowers as per 1 February, 2013.

IN FINNISH

Fed yliarvioi rahapolitiikan mahdollisuuksia – Handelsbanken

Yhdysvaltain keskuspankki Fed ja USA:n kongressin budjettitoimisto (CBO) todennäköisesti aliarvioivat luonnollisen työttömyysasteen tason ja siten yliarvioivat tilan rahapolitiikan elvytykselle.

Urpilainen ei halua tinkiä talouskurista – TalSa

Valtiovarainministeri Jutta Urpilaisen mukaan Suomen tai Euroopan talouskurista ei voida tinkiä. Vyön löysääminen vaarantaisi luottamuksen valtioiden taloudenhoitoon. Taloussanomien haastattelema Urpilainen uskoo, että Kreikka selviytyy velkataakastaan eikä velkoja tarvitse antaa anteeksi.

Cronberg: Suomalaiset voisivat ryhtyä köyhien kreikkalaisten kummeiksi – Aamulehti