Previously on MoreLiver’s:
Current Specials:
Special: FED Watch (updated)
Special: ECB Watch (updated)
Roundups
News roundup – Between The
Hedges
The 6am Cut London – alphaville
/ FT
Emerging Markets
Headlines – beyondbrics
/ FT
Asia Morning MoneyBeat: Bad Signs on the Economy – WSJ
Europe Morning
MoneyBeat – WSJ
MORNING BRIEFINGS
3 Numbers to Watch: DE PMI, ECB announcement,
US jobless claims – TradingFloor
The final estimate of Germany's April PMI manufacturing date is scheduled
for release today, shortly before the ECB announcement and the weekly update on
US jobless claims.
Market Preview: ECB’s interest rate decision in
spotlight – TradingFloor
European markets are
likely to open weak Thursday. The ECB’s monetary policy meeting is the main
highlight today wherein markets expect the central bank to cut its key interest
rate. Also, manufacturing PMIs across Europe will be
keenly watched.
Danske Daily – Danske
Bank (pdf)
Fed opens door slightly
for increase in asset purchases. Stocks lower despite upward surprise in ISM US
yields at five-month low. Decline in US vehicle sales suggests weak start to Q2
consumption. Focus turns to ECB today.
Aamukatsaus – Nordea
Odotukset EKP:n
suhteen (turhan) korkealla * USA:n talous haparoi – mutta vain väliaikaisesti *
Öljyn hinta jälleen alle 100 dollarin barrelilta
Aamukatsaus – Tapiola (pdf)
EUROPE
Philipp Hildebrand: To
give Germany the assurance it will need to agree to
permanent burden-sharing, France needs to press on with reforms, and to do so
boldly and visibly. It needs to reduce the size of the state, lower labour
costs and so improve competitiveness and boost medium term growth prospects. Put
bluntly, France needs to make its economy more German, and it needs to do so as quickly
as possible.
UNITED STATES
April Employment Report Preview – A
Dash of Insight
ASIA
(Re)introducing the great Aussie bank bubble – alphaville
/ FT
The Aussie banks are
very good companies. They are profitable, resilient, well capitalised, well
managed, shareholder focused and have a very strong industry and regulatory
structure. However, following the significant leveraging of the Australian
& NZ households over the last thirty years they are now low growth and
remain heavily exposed to housing, funding markets & unemployment risk.