Greece Q2 15 GDP, more of a temporary rebound
Aug 18, 2015 03:55 am UTC| Commentary
Greek real GDP surprisingly rose by 0.8% q/q in Q2 against expectations of a fall. Furthermore, the previous two quarters have been revised up 0.2pp, implying that Q1 15 GDP was flat and Q4 14 only fell by 0.2%...
EU to have serious concerns about Greek debt
Aug 18, 2015 03:52 am UTC| Commentary
In line with the 13 July statement, a new independent fund (the "Fund") will be established and have in its possession valuable Greek assets. An independent task force is to be appointed by October 2015, targeting steps to...
Kiwi jumps as Russia lifts ban on NZ dairy
Aug 18, 2015 03:48 am UTC| Commentary
The New Zealand dollar enjoyed more than 40 pips worth of gains on Tuesday after Russia decided to allow 29 New Zealand companies to sell dairy products to Russia, partly lifting a ban which had been operating for two...
Four-pillar strategy of Greece MOU
Aug 18, 2015 03:45 am UTC| Commentary
The Greek authorities and the institutions reportedly came to an agreement on a third bailout following the 13 July Euro Summit guidelines. While no details have been officially released, the FT has made available a draft...
Greece political dynamics likely to remain a concern
Aug 18, 2015 03:39 am UTC| Commentary
The Greek Parliament has approved Greeces third Memorandum of Understanding (MoU) with its European partners with the support of 222 MPs, continuing to show the governments weakening situation. The government itself has...
RBA minutes signal 'on Hold' stance as lower AUD assists transition
Aug 18, 2015 03:34 am UTC| Commentary Central Banks
For the first time in almost two years the Reserve Bank of Australia (RBA) signalled that the Australian dollar wasnt overvalued in its monthly monetary policy statement, sending a clear signal to markets that further...
Gold defying renewed increase in Fed rate hike expectations
Aug 18, 2015 03:28 am UTC| Commentary
Gold is continuing to trade close to a three-week high of just shy of $1,120 per troy ounce as the new week gets underway. In euro terms, gold is holding its own at above 1,000 per troy ounce. In other words, gold is...