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Tuesday, June 11

11th Jun - EU Open: I'm 41 today

Damn it feels a good to be a gangster.



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
Asia Morning MoneyBeat: Early Rally Attempt Fizzles – WSJ
Europe Morning MoneyBeat: Spotlight On Monetary Backstops – WSJ

MORNING BRIEFINGS
3 Numbers to Watch: UK industrial production, US NFIB and JOLTSTradingFloor
UK industrial production will reveal if the recent optimism on the UK economy still finds support in the hard data. For the US, updates on small business optimism and job openings are among the key numbers to watch for the day’s economic news.

Market Preview: BoJ keeps status quo; UK industrial prod. eyedTradingFloor
European markets are likely to open lower on Tuesday. Investors await today’s UK industrial production data and the German court hearing starting today on the legality of the ECB’s bond buying scheme. Meanwhile, the BoJ has kept its policy steady.

Danske DailyDanske Bank (pdf)
ECB’s Executive Board member Jörg Asmussen and Bundesbank President Jens Weidmann
testify at Germany’s Federal Constitutional Court in Karlsruhe on ECB’s OMT programme today and tomorrow. Bank of Japan Governor Kuroda holds a press conference after the announcement of the rate decision earlier this morning.

AamukatsausNordea
Venäjä: Kunnon koronlaskua odotellessa * Öljy kiristää tahtiaan talouskasvun myötä * S&P nosti USA:n näkymät vakaiksi

Aamukatsaus Tapiola (pdf)
Osakemarkkinat päätyivät eilen lähelle avaustasojaan. S&P nosti USA:n luottoluokitusten näkymät negatiivisista vakaiksi. Osakefutuurit miinuksella, indikoiden laskuavausta OMX HEX:iin. Mallisalkussamme (tuorein päivitys 21.5.2013) yhdistyvät hyvin edullinen arvostus, kannattava kasvu sekä toimialojen välinen hajautus.

MarkkinakalenteriNordnet
MarkkinakalenteriTaloussanomat


EUROPE
Economic Outlook Nordics – Out of breezeNordea (pdf)
As the Nordic countries are all small, open economies vulnerable to the weak international economic trends, we have had to revise down our 2013 and 2014 growth forecasts for Finland and Denmark.

German Constitutional Court Hearing BeginsMarc Chandler

Germany's top court hosts ECB showdowneuobserver

The ECB’s Forked-Tongue Policy To Save The EuroTestosterone Pit
In theory, Germany’s Constitutional Court could throw a monkey-wrench into the efforts to keep the Eurozone duct-taped together; it could rule against the ECB’s money-printing and bond-buying mechanism, lovingly dubbed OMT

UNITED STATES
The futures market implies the Fed "taper" to end by early 2015Sober Look

ASIA
Japan: BoJ ignore markets call for another fixDanske Bank (pdf)

Is Japan already dead?Worthwhile
No, I don't think it is. But I think "Is Japan already dead?" is a much better question to ask than "Will the increased interest rates from economic recovery kill Japan?"

Australian Dollar Plunges as Home Loans Dive; Australia Insolvencies Hit Record; Worst is Yet to ComeMish’s

FINNISH
EK:n Investointitiedustelu: Teolliset investoinnit Suomeen kääntyvät laskuun tänä vuonnaEK
Teollisuuden kiinteät investoinnit Suomeen kääntyvät tänä vuonna laskuun. Viime vuonna ne vielä kasvoivat, mutta niiden taso jäi silti alle 2000-luvun keskimääräisen. Tutkimus- ja tuotekehitysmenot ovat samoin selvässä laskussa.