3rd Apr - EU Open

Previously on MoreLiver’s:

Tuesday US Close: Articles of Plenty

Tuesday US Open: Bad Europe, again

Tuesday EU Open: CB Week

Special: Bailout of Cyprus (updated)

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Roundups

News roundup – Between The Hedges

The 6am Cut London – alphaville / FT

Emerging Markets Headlines – beyondbrics / FT

MORNING BRIEFINGS

3 Numbers to Watch: EU CPI, US ADP employment and ISM Services – TradingFloor

Inflation is expected to slow again in today's flash estimate for Eurozone consumer prices, while the outlook for growth remains steady, based on the consensus views for the ADP Employment Report and the ISM Non-Manufacturing Index.

Market Preview: Eurozone CPI and US ADP employment report eyed – TradingFloor

European markets are expected to open lower Wednesday. Market focus in today’s session is likely to revolve around Eurozone CPI and US ADP employment report. Additionally, political developments in Italy and US services PMI data will be keenly eyed.

Danske Daily – Danske Bank (pdf)

Markets calming on easier Cyprus budget terms and decent US, Chinese data. Fed speakers reiterating the case for continued Fed balance-sheet expansion. Focus today on Norwegian PMI and jobs data; ADP and non-manufacturing ISM in the US ahead of ‘the big central bank day’ tomorrow. Today: NOK: PMI, unemployment EUR: CPI DKK: currency reserve USD: ADP report, non-manufacturing ISM

Aamukatsaus – Nordea (pdf)

Kiinan laaja-alainen mutta vaiheittainen toipuminen jatkuu * Vähemmän pankkiriskiä, kiitos * Runsaat varastot painavat metallien hintoja

Aamukatsaus – Tapiola (pdf)

Markkinakalenteri – Nordnet

Markkinakalenteri – Taloussanomat

EUROPE

The Four Traits Of Monetary Union Collapse – ZH

Via UBS: Is Cyprus Still In The Euro?

The Clown Says, "Italy Should Not Be In A Rush To Have A Government" – EconoSpeak

Spain Says 2014 Taxes to Depend on EU Verdict on Deficit Targets – BB

Spain’s government is waiting for the result of negotiations with the European Union on its budget deficit goals before deciding on its tax policy for 2014.

EU Financial Transaction Tax Seen Costing Britain $6 Billion – BB

OTHER

World-Wide Factory Activity, by Country – WSJ

How Traders’ Pranks Were Once Routine on U.S. Exchanges – Echoes / BB

IN FINNISH       

Suurtallettajien kasvava vastuu – Nordea

Kyproksen kriisiratkaisun myötä euroalue on siirtynyt uuteen aikakauteen. Euroryhmän lähettämä signaali on selvä: kriiseissä pankkien suurtallettajia ei enää välttämättä pelasteta.

Kypros-riski yli tuplaten suurempi kuin näyttää – Jan Hurri / TalSa

Suomen ja muiden euromaiden Kypros-riskit ovat rutkasti runsaammat kuin saarivaltiolle luvattu kymmenen miljardia euroa. Uhanalainen summa paisuu 30 miljardiin, kun "pelastuspaketin" päälle lasketaan keskuspankkirahoitus. Niinpä Suomenkin maksimiriski on yli 500 miljoonaa eikä alle 200 miljoonaa euroa.

Kolmetoista hakijaa Martti Hetemäen seuraajaksi – TS