Here are the links to
the weekly roundups, reviews and also previews of the beginning week. Last
week's 'Support' here.
Previously on
MoreLiver’s:
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LAST WEEK
Friday Close
Market Prices – Global
Macro Monitor
US: Bernanke "Swan Song" Fails To Offset Worst Start To Year
Since 2008 – ZH
Weekly Scoreboard – Between
The Hedges
Succinct summation of week’s events – The
Big Picture
NEXT WEEK
EVENTS
Schedule for Week – Calculated
Risk
The key report this
week is the December employment report to be released on Friday. Other key
reports include the December ISM non-manufacturing report on Monday and the
November trade report on Tuesday.
Economic Calendar – Berenberg
ECB and BoE policy (9
Jan): no change * Eurozone inflation (7 Jan): very low * US labour market (10
Jan): solid uptrend
Economic Calendar – Handelsbanken
Wall Street Week Ahead – Reuters
Investors in U.S. stocks will be looking to Washington next week, awaiting key jobs data and minutes
from the Federal Reserve's most recent meeting, when it decided to cut its
unprecedented monetary stimulus.
5 Things to Watch on
the Economic Calendar – WSJ
Another Healthy Gain in Payrolls Expected * Fed Minutes Will Detail
Tapering Decision * A Flock of Fed Speakers Will Take to the Podium * A
Year-End Look at the Service Sector * Foreign Trade Flows Signal Better Global
Growth
Europe’s Week Ahead:
Central Bank Meetings Loom Large – WSJ
EU Week Ahead Jan 6 –
12 –
WSJ
Greece kicks off its
presidency with events for the Brussels press corp in Athens, while the
European Parliament reconvenes after the holidays.
Weighing the Week
Ahead – A Dash of Insight
There have been two schools of thought. 1) Those who believe that asset
prices are strictly the result of Fed policy. For these people, good news is
bad. 2) Those who see the Fed impact as marginal and diminishing. For these
people the economy, earnings, and reduced fear are the driving market forces.
Key events in the week
ahead by Goldman Sachs – ZH
STRATEGY
Weekly Focus – Danske
Bank
We expect the December inflation data for the euro area to show a fairly
sharp fall to a new low of just 0.6%. This would put pressure on the ECB to
ease monetary policy despite the nascent recovery and, in our view, it will
probably cave, although we do not expect this to happen at the coming week’s rate-setting
meeting
Week Ahead – Nordea
US: We expect another strong labour market report (nonfarm payrolls: +200
m/m) allowing the Fed to pursue the tapering course it announced on 18 December.
Euro area: We expect no new signals
from Mr Draghi at next week’s ECB meeting and we see Euro-area flash HICP
inflation at 0.9% y/y in December, unchanged from November. Scandinavia: We expect the Riksbank
minutes from the 17 December meeting to strike a dovish tone, motivating the
rate cut by 25bp. Low inflation will be the focal point.
Strategy: ECB cut
still possible despite firmer recovery – Danske
Bank
Strong data justifies Fed’s tapering decision * Lower inflation is still
expected to pave the way for
a negative deposit rate from the ECB * Recovery in euro peripherals supports
further yield spread compression * Stress eases in China but growth losing
momentum * H1 14 challenging for emerging markets
FOREX
FX Outlook: Position Adjustment or Trend
Reversal? – Marc
to Market
Last week, which
straddled the New Year holiday, saw a reversal in the trends seen in second
half of Q4 13. These trends were
characterized by the strength of the euro, sterling and the handful of
currencies that move in their orbit, like the Swiss franc, and Danish krone and
the weakness of the yen and dollar bloc currencies.
Four Drivers in the
Week Ahead – Marc
to Market
Significance of last week's price action * Interest rate differentials *
Central banks * Economic data
CALENDARS
Economic Calendar – investing.com
Economic Calendar – BB
EU calendar – europa.eu
Markkinakalenteri – Nordnet