Thursday 09 Feb 2012
A German official stated the obvious this morning when he assured Reuters that the Eurogroup won’t be able to approve Greece’s bailout and bond swap at this evening’s meeting simply because the ground... Read More
Thursday 09 Feb 2012
Politicians in Greece remain unable to reach an agreement, but Europe seems to have gotten tired of waiting. Thus, political leaders meeting in Athens last night were able to reach a deal on all of th... Read More
Thursday 09 Feb 2012
Summary of macro-economic indicators released during Thursday´s Asian-Pacific trading session: Read More
Thursday 09 Feb 2012
Crude registered a modest gain on Wednesday while Brent settled at a six month high on hopes that Greece is about to reach a deal needed for its next financial bailout. Read More
Wednesday 08 Feb 2012
Following speculation this morning Europa Press has cited market sources as saying that Spain's Treasury expects to raise €2bn - €3bn in a 10-year syndicate bond issue. No official confirmation has y... Read More
Wednesday 08 Feb 2012
In a morning report, UniCredit points out that, with Wednesday’s light data calendar, Greece will remain at “centre stage” and sums up expectations nicely: “Today, Greek party leaders should eventuall... Read More
Wednesday 08 Feb 2012
For more than a month, the markets have been waiting for Greece to close necessary agreements with talks having been hit with numerous delays as the government attempts to satisfy all parties involved... Read More
Wednesday 08 Feb 2012
US: Consumer credit for December: $19.308bn, Estimate: $7.7bn, Previous: $20.37bn, Previous revised: $20.37bn. Read More
Wednesday 08 Feb 2012
Reports that Greece is nearing a deal that could avoid a disastrous default sent crude oil futures higher on Tuesday. Read More
Tuesday 07 Feb 2012
Another day of delays in Greece, though the end “may” be near. The Guardian’s correspondent in Athens has cited government officials as saying that “there is a deal on the table and in all probability... Read More
Tuesday 07 Feb 2012
Summary of macro-economic indicators released during Tuesday's Asian-Pacific trading session: Read More
Tuesday 07 Feb 2012
Concern about a glut in US oil supplies and more austerity measures for Greece sent crude oil futures lower on Monday. Read More
Monday 06 Feb 2012
Despite rumours of an imminent agreement on Greek austerity measures, it appears that negotiations are not progressing. The Daily Telegraph reports that Greek prime minister Lucas Papademos may hold ... Read More
Monday 06 Feb 2012
In the sovereign debt market, Germanto periphery bond yield differentials continue to narrow, while Portuguese and Italian debt carries on improving. Read More
Monday 06 Feb 2012
In a report released today from its Beijing office, the International Monetary Fund (IMF) warns that the European debt crisis could cut China’s growth in half. Read More
Monday 06 Feb 2012
German Chancellor Angela Merkel has travelled to Paris this morning to meet with French President Nicolas Sarkozy in the Franco-German Council of Ministers scheduled for 11:30 this morning (10:30 Lond... Read More
Monday 06 Feb 2012
The European Banking Authority (EBA) called last December on some of the Continent´s leading banks to raise capital by €115bn in order to reach a 9% core tier 1 capital ratio, but the regulator may de... Read More
Monday 06 Feb 2012
After a meeting last night between the three parties of Greece’s coalition government, Prime Minister Lucas Papademos announced that they had agreed on “basic issues”. However, Greek paper ekathimerin... Read More
Monday 06 Feb 2012
Crude oil futures tapped into a high of $98.03 on Friday as investors cheered encouraging US economic data while the weaker dollar also triggered some interest. Read More
Friday 03 Feb 2012
Greek daily Ekathimerini reports that Greek Prime Minister Lucas Papademos has threatened to resign if the country's political parties do not support the new fiscal austerity measures requested by the... Read More
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