Weekender: Weekly Support (updated)
Special: German Elections 2013 (updated)
Roundups
News roundup – Between
The Hedges
The 6am Cut London – alphaville
/ FT
Emerging Markets
Headlines – beyondbrics
/ FT
Europe Morning MoneyBeat: Fed Speakers Can’t Pierce the Fog – WSJ
MORNING BRIEFINGS
Today’s key numbers to
watch include Germany’s Ifo Business Survey report and two updates for the US: the Case-Shiller Housing Price Index and the
Conference Board’s Consumer Confidence Index.
European markets are
likely to open lower on Tuesday, as comments from a few US Fed officials raised
uncertainty surrounding the timing of tapering QE3. Meanwhile, today’s German
Ifo sentiment indices and US consumer confidence data will be eyed.
Danske Daily – Danske
Bank (pdf)
In Europe the
main focus will be the IFO business survey in Germany... a flood of speeches from ECB board members with Nowotny, Constancio,
Coeure, Liikanen and Mersch...US main focus is on consumer confidence for
September and CaseShiller house prices for July. Focus will also be on the
Senate’s proposal for a bill to fund the federal government in the new fiscal
year but a vote is not expected until Wednesday.
Market comment: Draghi fuel expectations of a
new LTRO – Nordea
Bunds rose on Draghi
comment * Dudley indicate tapering plan still on * Watch German
Ifo, US consumer confidence today * Draghi: The ECB
could use another LTRO to keep money market rates in check * Remarkable outcome
of the German election
Aamukatsaus – Nordea
Maailmantaloudessa
kasvun merkkejä * Tänään Saksan IFO-indeksi
Aamukatsaus – Tapiola (pdf)
Osakemarkkinat eilen laskussa, euroalueen
epäyhtenäiset ostopäällikköindeksit eivät riittäneet nostamaan tunnelmia. Tänään
julkaistaan Saksan talousluottamusta mittaava IFO-indeksi. Osakefutuurit nollassa, indikoiden tasaista
avausta OMX HEX:iin. One-on-One tapaamisten kommentit: Positiivinen: Aktia ja
Cramo. Neutraali: Suominen, Sanoma, Cargotec, Finnair.
Negatiivinen: Outokumpu.
EUROPE
FT column: Merkel is Europe’s
misunderstood visionary – The
World / FT
Hugo Dixon:
Euro zone needs anti-boom activism – Reuters
A big problem with the
euro zone's one-size-fits-all monetary policy is that it risks fitting nobody.
That, indeed, was a key cause of the crisis.
UNITED STATES
There’s much less time to avoid a government
shutdown than you think – Wonkblog
/ WP
In theory, the
deadline for avoiding a government shutdown is 11:59 p.m. Sept. 30. That gives Congress seven days to
figure something out. But those seven days are, at this point, pretty much
spoken for.
A failure of Fed communication policy – Humble
Student
ASIA
BOJ's aggressive QE finally brought down JGB
yields – Sober
Look