Fed Chair Yellen: The outlook remains 'highly uncertain'

Jul 10, 2015 18:17 pm UTC| Commentary

In a speech before The City Club of Cleveland, Federal Reserve Chair Janet Yellen sounded less dovish than she did during the press conference following the June FOMC meeting and, on balance, the minutes to the June...

Canadian jobs data weak as expected

Jul 10, 2015 16:53 pm UTC| Commentary

Economists had expected a weak employment report for June on the heels of the larger-than-expected gain in May. Canadian employment fell by 6,400 last month as the biggest decline in part-time work in more than four years...

Greek Deal hangs in balance

Jul 10, 2015 16:25 pm UTC| Commentary

The Greek government has finally submitted detailed proposals to its creditors as the basis for a 3-year programme of support. These are being examined by the creditors and euro area finance ministers ahead of a Eurogroup...

ECB stands ready to act with all instruments available within its mandate

Jul 10, 2015 16:09 pm UTC| Commentary Central Banks

Should a Greek exit result in sizeable dislocations in euro area financial markets, the ECB could argue that there has been an unwarranted tightening in the monetary policy stance which motivates further policy...

ECB preview: ECB ready to act if needed

Jul 10, 2015 15:18 pm UTC| Commentary Central Banks

Questions regarding the state of Greek banks and what happens if Greece misses payments to the ECB (3.5bn is due on 20 July) are likely to be the main topic in the press conference. While key decisions are set to come...

The Great falls of China and Greece over?

Jul 10, 2015 15:05 pm UTC| Commentary

All eyes remain on the ever-changing crises in China and Greece. Greece remains in tremendous amounts of debt and Chinas stock market has been facing losses nearing $4 trillion in value. However in the recent days the...

Bank of Canada hold its key rate at 0.75%

Jul 10, 2015 12:23 pm UTC| Commentary

The latest BoC survey showed that businesses are profiting from the weaker CAD and rising US demand and intend to expand investment and employment. For this reason Commerzbank expects the BoC to rely on accelerating growth...