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Wednesday, May 8

8th May - US Open





Previously on MoreLiver’s:

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Roundups & Commentary
Frontrunning – ZH
Overnight: Made Up Chinese, Stronger Than Expected German Data – ZH
The Lunch Wrap – alphaville / FT
Emerging N.Y. headlines – beyondbrics / FT
Daily press summary – Open Europe

Morning MoneyBeat – WSJ
Morning Bond Update – TradingFloor
New Zealand Grabs the Spotlight – Marc to Market
Morning Briefing (EU/US): – BNY Mellon
  The currency wars are alive and well.


EUROPE
Europe’s Irrelevant Austerity Debate Project Syndicate
Daniel Gros: The debate about austerity and the cost of high public-debt levels misses a key point: public debt owed to foreigners is different from debt owed to residents. And that distinction is particularly important in the context of the euro crisis, which the evidence confirms is not really about sovereign debt, but about foreign debt.

German wages grow faster than euro area average Bruegel

Good news from German industryNordea
There clearly was more good news than bad in today’s and yesterday’s numbers for orders and production in German industry.

How to reignite the EU’s services market and boost growth by €300bnOpen Europe

ASIA
Hopium and Japanese exportsalphaville / FT

No-one is impressed by China’s amazing April trade figuresalphaville / FT

FINNISH
Yritysten näkymät parantuneet – väki vähenee edelleenTalSa
EK:n suhdannebarometri: Ei merkittävää elpymistä näkyvissäEK

Suomen kestävyysvaje vaatisi voimakkaita päätöksiäSoininvaara

Suomen vienti ei vedä – supistui 13 prosenttia maaliskuussaTalSa