Greece expects EU and IMF partners will accept the reform promises - Reuters FinMin Varoufakis expects EU and IMF partners will accept reform promises "We have discussed this with our partners andI am confident the list …
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Greece expects EU and IMF partners will accept the reform promises - Reuters
FinMin Varoufakis expects EU and IMF partners will accept reform promises
"We have discussed this with our partners andI am confident the list of reforms will be approved." Varoufakis said after briefing cabinet
A government official said the pledges were on issues such as tackling tax evasion and corruption
PM Tsipris declares "victory" over EU and IMF - insisting that Friday's agreement cancelled austerity commitments and dispensed with the "troika"
Irish FinMin Noonan contradicted Greek PM by saying no concessions made by EU
Noonan said Greek banks would have collapsed in week ahead and Greece will need a third bailout after the four-month extension
Headlines from Friday Night
Moody's Downgrades Russia's Sov Rating to Ba1 from Baa3; Outlook Negative
Moody's - Downgraded the Government of Russia's Sovereign Debt Rating to Ba1/Not Prime (NP) from Baa3/Prime-3 (P-3)
Moody's - Lowered Russia's Country Ceilings for Foreign Currency Debt to Ba1/NP from Baa3/P-3
Moody's - "Russia is expected to Experience a Deep Recession in 2015 and a Continued Contraction in 2016"Moody's-Continuing Crisis in Ukraine, Oil Price and Exchange Rate Shocks will Further Undermine Russia's Economic Strength, Medium-Term Growth Prospects
Moody's-Second Driver for Downgrade of Russia's Government Bond Rating to Ba1 is Expected Further Erosion of Fiscal Strength, Foreign Exchange Buffers
Moody's - Lowered Russia's Country Ceilings for Local Currency Debt and Deposits to Baa3 from Baa2
Moody's - Lowered Russia's Country Ceiling for Foreign Currency Bank Deposits to Ba2/NP from BA1/NP
Moody's - Unlikely to Upgrade Russia's Sovereign Debt Rating in the Near Term given the Negative Outlook
Eurogroup's Dijsselbloem says EZ extended Greek bailout by 4 months, includes requirement for Greece to submit list of reform measures on Monday, Greece expressed commitment to no roll-back of measures
Dijsselbloem EZ funds for Greek bank recap must not be used for govt needs
ECB prepares for a Greece exit from euro zone (Der Spiegel)
PM Tsipras confident on extension, calls for "historic" political decision
Germany's Merkel wants "significant improvements" to Greek bailout proposal
FR Hollande Greece must meet commitments; EU must take election in account
Dutch junior FinMin Wiebes bailout extension request not clear enough
EU's Juncker rules out Greek exit from euro (WirtschaftsWoche)
Portugal PM Coelho against loans for Greece if no clear obligations, no bitterness against Greece & its new govt
Fed's Bullard US will benefit from low oil low yields in 2015, Okun's law should be demoted to Okun's suggestion (DJ)
Plosser Fed will have to do something about 'patient' rate guidance at March meeting; poor Fed communication has made risk of abrupt mkt reaction greater
Canada's Oliver says core inflation nowhere near deflationary
Danish CB to defend peg to "last drop of blood", current tools should be enough to defend crown's peg to euro (government adviser)
Turkish EconMin Zeybekci says c/b should take 'brave decisions' to lift growth
Moody's Italy set to benefit from reforms, though debt/GDP ratio to decline only gradually
Moody's won't rush decision on Brazil rating prefers to wait & see if high risk events will materialize
US Markit Mfg PMI Flash Feb 54.3, f/c 53.6, 53.9-prev
CA Retail Sales MM Dec -2%, f/c -0.4%, 0.4%-prev
CA Retail Sales Ex-Autos MM Dec -2.3%, f/c -0.8%, 0.7%-prev
MX GDP YY Q4 2.6%, f/c 2.6%, 2.2%-prev
BOE McCafferty: Int rates could go negative, unhappy about GBP's appreciation - The independent
EZ Feb Markit Mfg flash PMI 51.1 vs prev 51.0. 51.5 exp
EZ Feb Markit Serv flash PMI 53.9 vs prev 52.7. 53.0 exp
EZ Feb Markit Comp flash PMI 53.5 vs prev 52.6. 53.0 exp
GB Jan PSNB -9.405b vs prev 9.867 rvsd. -7.8b exp
GB Jan PSNCR -18.921b vs prev 21.44b
GB Jan Retail sales -0.3% m/m, 5.4% y/y vs prev 0.2%/4.0% rvsd. -0.2%/5.9% exp
The U.S. 10-year Treasury yield rose 0.02 percentage point over the week to 4.98% on Oct. 29, while remaining 0.28 percentage point below its month-earlier level.
Donald Trump promised cheaper groceries, lower borrowing costs and a halving of energy prices in 2024. Prices and mortgage rates have since risen, Bloomberg Television reported ahead of the midterm elections.
