Opinion – Friday 10 July 2015

“New Greek proposals received by Europgroup president Jeroen Dijsselbloem, important for institutions to consider these in their assessment”. So tweets Dijsselbloem’s spokesman Michel Reins. After some confusion over whether the deadline for the Tsipras government to...

Opinion – Thursday 9 July 2015

Yesterday, the NYSE was closed for three hours due to a ‘technical’ hitch, leading to a sell-off in US Stocks while European equities closed higher. Commodity prices fell, Bond Yields were a little lower and the US Dollar was finally lower against the G3 but stronger...

Opinion – Wednesday 8 July 2015

Markets were disappointed by the lack of progress in Greece yesterday; albeit they should be used to that by now. It did lead to a big drop in European Bond Yields and equity markets, EUR also underperformed for much of the day. Things weren’t so bad in the US, with...

Opinion – Tuesday 7 July 2015

Naturally, in the aftermath of the Greece referendum on the bailout producing such a decisive “no” vote to European creditor bailout terms, that was always going to be the main talk across news and wire services yesterday. But the price action in response from the...

Opinion – Monday 6 July 2015

Ahead of Sunday’s referendum, that is now in process of delivering a decisive ‘No’ vote (to the terms and conditions under which Greece’s creditors would have extended the now-expired second bailout) German Finance Minister Wolfgang Schaeuble had been reported by...

Opinion – Friday 2 July 2015

An overall disappointing US Payrolls Report, the ‘lowlight’ of which was an unexpectedly flat monthly read on average hourly earnings and which, together with a 0.1% downward revision to May, served to pull annual earnings growth down to 2.0% from 2.3%. This is not a...