Here are
the links to the weekly roundups, reviews and also previews of the beginning
week. Last week's 'Support' here.
This post will be updated as new
material is published.
Previously
on MoreLiver’s:
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LAST WEEK
Weekly
Scoreboard – Between
The Hedges
Friday’s
Price Monitor – Global
Macro Monitor
China's Bursting Bubble + Grexit Trouble =
Dow Rubble
European
Sovereigns Have Worst Week In 5 Years, Stocks Slump
Succinct
summation of week’s events – The
Big Picture
NEXT WEEK
US Schedule
for Week – Calculated Risk
Economic
Calendar – Berenberg
EZ consumer
confidence likely to rise: more jobs and cheap oil * US durable goods orders: volatile,
stronger dollar may hurt * EZ Finance Ministers meet in Riga: Greek reform list on agenda
Economic
Calendar – Handelsbanken
World Week
Ahead – WSJ
Global
Central Banks Calendar – WSJ
Week Ahead
– ZH
5 Things
to Watch on the Economic Calendar – WSJ
Wall St
Week Ahead – Reuters
Investors
look to earnings for market direction
Global
Economy Week Ahead – Reuters
Weighing
the Week Ahead – A Dash of Insight
Global Week
Ahead – BB
EU Week Ahead – WSJ
Greece, Transatlantic Trade and Africa
Weekly
Market Outlook – Moody’s
Weekly
Focus – Danske
Bank
US: a rebound
in non-defence durable goods orders ex. aircraft, Markit PMI remains at an
elevated level and we expect a correction * Euro area: PMIs expected to increase
signalling stronger economic activity * Greece: likely to remain in the spotlight
at the upcoming Eurogroup meeting * UK: minutes from the MPC’s April
meeting released. China: too early to call the bottom for China’s manufacturing PMI * Sweden: another lacklustre labour force
survey
Negotiations
between Greece and its European partners are not
going well. It would appear that equity markets are more affected than bond
markets. Why is that the case and what will happen if negotiators throw in the
towel?
Strategy – Danske
Bank
We believe
we are at a low point in the global business cycle * US growth to recover from here *
Stock
markets playing recovery * Fed members still signal hike in June-September
window * German yields to go lower still as more maturities go below -0.2% * EURUSD
to decline on better US data
Week
Ahead – Nordea
In the run-up
to the important Eurogroup meeting on 24/25 April, Greece will continue to grab market
attention. Our baseline continues to be a last-minute compromise, not Grexit. On
the European data front, we will see Euro-area PMIs, Ifo and BoE minutes. In
the US second-tier data are delivered, including
durable goods orders and manufacturing PMI. Focus will also be on the Chinese
HSBC flash PMI, where another negative surprise would add to the downside risk
to the economic outlook.
STOCKS
Weekly
Market Summary – The Fat Pitch
CREDIT
Euro
Corporate Weekly – QE: What’s next, credit? – ABN AMRO
Yields keep
exploring new levels but spreads aren’t in terra incognita * We expect a
positive surprise in economic growth which should be supportive for spreads * More
institutions are eligible for the QE programme. What’s next, credit?
Euro
Rates Weekly: Scarcity of DSLs is still alive – ABN AMRO
Mr Draghi
downplayed the likelihood of scarcity but still expanded the ECB shopping list
* Dutch agencies were the lion share and constitute around EUR 40bn of extra
eligible assets * Adding these names means that the DNB can focus less of its purchases on
government bonds but we calculate that this hardly makes a difference for DSLs
* The inclusion of Dutch agencies means that the DNB can stick to its buying pattern but
we still expect that the DNB will need to move up the maturity spectrum
eventually
Yield
Forecast Update – Danske
Bank
Lack of
bonds to push 10Y German yields to zero or below
Euro
rates update – Nordea
FOREX
US dollar
come-back pushed back again…and the euro also remained weak * Currencies of oil
exporting countries outperformed following the higher oil price
FX 4
next week: EURUSD for bulls and bears – TF
With EURUSD
still mired in the same tedious furrow, here's two ways to trade it next,
depending on whether you're a bull or a bear. Commodity dollars, meanwhile, are
looking a tad expensive; risk lurks behind the UK election headlines and SEK is
perking up in time for Spring.
FX Outlook – Marc
to Market
EMERGING
EM FX
Weekly – EM FX extends recovery – ABN AMRO
EM
currencies profited from a weak US dollar with the exception of the Turkish
lira * Asian currency performance has a direct impact on central bank behaviour
* Weaker CNY needed?
CALENDARS
Economic
Calendar – investing.com
Economic
Calendar – BB
EU calendar – europa.eu
Markkinakalenteri
– Nordnet
Global
Central Banks Calendar – WSJ
Central
Bank Release Calendar – Daily FX