Asia trades with little gains on Wall Street closed higher overnight

Aug 18, 2015 04:11 am UTC| Commentary

Asian markets began Tuesday with small gains after Wall Street closed higher overnight, with an upbeat US housing index reading offsetting a much weaker-than-expected manufacturing survey. US data was mixed overnight,...

Daily Economic Outlook: 18 August, 2015

Aug 18, 2015 04:07 am UTC| Commentary

UK inflation data for July is set to provide todays domestic market focus. The recovery in the annual rate of CPI inflation to a positive reading of +0.1% in May proved temporary, slipping back to 0.0% in June, with the...

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...