Greek uncertainties to remain high until the summer
Feb 23, 2015 02:02 am UTC| Commentary
Greece will remain a hot topic as the four-month extension is only a temporary fix while negotiations for a new programme start. The Greek government wishes to discuss some debt relief over the next four-month. As we...
Yellen to start preparations for removal of “patience”
Feb 23, 2015 01:10 am UTC| Commentary
Yellens semi-annual testimony to Congress will undoubtedly be the highlight of the economic calendar this week. Societe Generale research team notes: With another month to go to the crucial March FOMC meeting, we expect...
Yellen to sound less dovish than minutes
Feb 22, 2015 22:48 pm UTC| Commentary
Notes from Standard Chartered Research: In considering Chair Yellens likely tone at her semi-annual congressional testimony on 24 February, Januarys minutes may be misleading as the FOMC did not have the bumper January...
Canada's real GDP growth for Dec poised to come in around 0.3%: BMO Capital Markets
Feb 20, 2015 19:35 pm UTC| Commentary
Quotes from BMO Capital Markets:- Theres no denying the breadth and depth of the weakness in the December retail figures, but they come with some big caveats-Black Friday distortion and a huge drop in gasoline prices.-...
Lower euro and oil prices starting to support EZ fundamentals: Societe Generale
Feb 20, 2015 19:23 pm UTC| Commentary
Quotes from Societe Generale:- Lower euro and lower oil prices are starting to support eurozone fundamentals, while cyclical indicators like PMIs are on the rise. This fundamental story adds to the liquidity (ECB QE) and...
ECB QE not priced in: BofA Merrill Lynch
Feb 20, 2015 18:57 pm UTC| Commentary
Quotes from BofA Merrill Lynch:- We have been arguing for a while that ECB QE is not priced in. 2Y1Y EONIA is trading at only around -3bp (wetarget -15bp). The periphery remains wider than on the day of the actual ECB...
Parallel currency not the solution for Greece: Capital Economics
Feb 20, 2015 18:37 pm UTC| Commentary
Quotes from Capital Economics:- The idea that Greece could introduce a parallel domestic currency to improve its competitiveness while still honouring its international debts is not the solution to the countrys problems.-...