8th Oct - US Open: Half-holiday

US bank holiday, but stock market is open. Expecting low volume and possibly erratic price behavior. The drop in EURUSD and SPX has been deeper and faster than I expected, but still within a bullish scenario = tactical buy levels now.

Previously on MoreLiver’s

8.10. EU Open: Summit Show

7.10. Weekender: Off-topics, Finnish & Views

6.10. Weekender: Markets & Economics

6.10. Weekender: Europe, US, Asia, Iran

6.10. Weekender: Weekly Support

5.10. Weekender: Best of The Week

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Roundups & Commentary

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

Frontrunning – ZH

Overnight Sentiment: European Grumbles With US Semi-Closed – ZH

The Lunch Wrap – alphaville / FT

Emerging N.Y. headlines – beyondbrics / FT

Today’s front pages – presseurop

Daily press summary – Open Europe

  Cameron: I’ll say ‘no’ to vast increases in EU budget; EU and eurozone may need separate budgets in the future

Morning MarketBeat: Investors Brace for Earnings Season – WSJ

Broker Note Briefing – WSJ

Morning Take-Out – NYT

AM Dear Dairy: – Macro and Cheese

FX Drivers in the Week Ahead – Marc to Market

 

US session ahead

Pre-market Commentary – Marketwatch

Pre-Market Trading – CNNMoney

Pre-Market – NASDAQ

US Equity Preview – Bloomberg

Earnings & Events – The Street

MarketCurrents – Seeking Alpha

Reference

TV: Bloomberg, CNBC, BBC

Debt crisis: live – The Telegraph

The Euro Crisis Blog – WSJ

Tracking Europe’s Debt Crisis – NYT

FX Options Analytics – Saxo Bank

European 10yr Yields and Spreads – MTS indices

EUROPE

The Spanish minefield and the Gretomic bomb have not yet been inactivated – bruegel

The Eurogroup, the gathering of finance ministers of euro-area member states, is to meet on Monday 8 October 2012. It has grown into a habit that major euro-area decisions are not made unless there is a strong market pressure, so no major decisions are expected now.

Europe Seeks to Contain Spanish Troubles – BB

Eurozone to launch new rescue fund – euobserver

Eurozone finance ministers meeting in Luxembourg on Monday (8 October) will hold the inaugural session of the permanent bailout fund, the European Stability Mechanism (ESM)

If Germany were to leave the euro, it would be better off – The Telegraph

Another week, another conference about the euro. This time it was in Singapore. Nevertheless, it was Germany that was uppermost in my mind, not least because several Singaporeans asked me why Germany doesn't leave the euro.

 

The quality of political institutions within a member state can influence the extent to which citizens perceive the EU as being democratic – EUROPP / LSE

The SNB’s bond buying: now with more context – alphaville / FT
Citi and JPM comment

Catalan separatist looks to crisis with hope – euobserver

It is often said that on the long and winding road to European union, it takes a crisis to move ahead. Now the same may be true for regional independence.

USA

S&P 500 correlations up to date – Portfolio Probe

IN FINNISH

Soini The Timesissa: Pelastuspaketit hulluutta – YLE

Soinin mielestä ainoa ratkaisu eurokriisiin on antaa markkinoille vapaus epäonnistua.

Nyt alkaa kituuttamisen aika: Kaikki kallistuu – AL

Laillinen veronkierto estettävä viimein – IL

Kauas verorahat karkaavat – Pauli Vahtera / IL blogit

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