22nd May - PMIs good, except France

Previously on MoreLiver’s:

Wednesday: BoJ, BoE, Fed

Tuesday: Negative tones played

Monday: Negative tones played

W/E: Off-Topic & Finnish

W/E: Geithner, Markets & Economics

W/E: The World Links

W/E: Weekly Support (updated)

W/E: Best of the Week

Special: Euron tulevaisuus - Suomen vaihtoehdot

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EUROPE

  EUROPEAN ELECTIONS

Europe at the polls - but who will actually vote? – DW

On Thursday, the European elections start - in the Netherlands and Great Britain. Voting in the other EU member states is to follow and the final result will be announced Sunday night. But not many people care anymore.

European elections – EU/euro-sceptics moving forward – Nordea

We shed a light on the elections to the European Parliament that start today in the UK and the Netherlands. Results will be known late Sunday evening. EU- or euro-sceptic parties are set to perform strongly. Markets are well aware, but still it could create volatility.

And the European Commission winner is… - FT

http://blogs.ft.com/brusselsblog/2014/05/22/and-the-european-commission-winner-is/

Europe's Soaring Revulsion Against "Europe" In One Chart – ZH

At this rate one more election and the Eurosceptics will be the single largest political block in a "United" Europe.

European Parliament elections: a final look at the national campaigns – Europp / LSE

Sarko drops a bomb – Open Europe

At least half of EU powers should return to member states

  MARKIT PMI

Mixed euro PMIs due to global weakness in Q1 – Danske Bank

ECB stance unchanged despite positive PMIs for May – TradingFloor

After the Asian positive surprises, the European purchasing manager index remained elevated as well. Germany's service sector boom and France's return to contraction were the main news, opening up a threat of political trouble while keeping the ECB's stance largely unchanged.

UNITED STATES

US Manufacturing PMI Beats But Employment Slows To Worst In 2014 – ZH

Existing Home Sales Miss; Worst Start To Year Since 2007 – ZH

Existing Home Sales 4.65 million, Inventory up 6.5% Y-o-Y – Calculated Risk

ASIA

China: moving from fragile stabilisation to moderate recovery – Danske Bank

PMIs Confirm China And Japan Economies In Contraction – ZH

OTHER

Macro update: Global economy in a state of flux – TradingFloor

Rosy predictions fade to dust as disappointments multiply * 2014 will be the Year of the Low * Germany slowing as Asia rebalances

Macro Horizons – WSJ

HSBC Flash PMI for China Shows Signs of Stabilizing

Grand Central – WSJ

Hilsenrath’s Take: Storm Clouds Gathering On Fed’s Horizon * Fed Officials Tussle Over Labor Market Slack * Fischer Confirmed: Fed’s New Voice Begins to Take Shape * Yellen: Yankee Legends, Fed Officials Shouldn’t Be Afraid to Swing and Miss * Bernanke’s Six-Figure Dinners May be Tinkering with Bond Yields * China Manufacturing Data Point to Stabilization

FX:  Light but Little Heat – Marc to Market

EMEA Weekly – Danske Bank

FINNISH

Meitä vedätetään – Journalisti

OP-Pohjolan pääjohtaja Reijo Karhinen livautti sen suustaan. Hän paljasti Anni Lassilan haastattelussa Helsingin Sanomissa 30.huhtikuuta, että lamapaniikin lietsominen ennen kehysriihtä oli sovittu juttu.

Eurovaalit, Suomen talous ja kriisitietoisuus – Tyhmyri

Kyllä kokoomuksen johto selvästi tietää missä mennään

Monet yritysjohtajat pitävät tilannetta synkimpänä viiteen vuoteen – Verkkouutiset

Jokaisella velalla on velkoja – Roger Wessman

Merkel tyrmäsi sosiaaliturvaturismin – Verkkouutiset

Merkelin mukaan etuudet tulisi evätä kaikilta niiltä, jotka tulevat Saksaan vain etsiäkseen töitä.

Tarkastusvirasto varoittaa Suomea vakaus- ja kasvusopimuksen rikkomisesta – Verkkouutiset

Keskustelua rahan olemuksesta – Raha ja Talous

Maaliskuussa ilmestyneestä kirjastamme Rahatalous haltuun on viimeaikoina julkaistu useampiakin arvioita.