Tentative Greece agreement dowses exit fears

Jul 13, 2015 16:58 pm UTC| Commentary

At the end of a round of drawn-out weekend negotiations, a tentative agreement on a new bailout deal of 82-86bn for Greece was reached with euro area partners. Bridge financing is expected to be provided to cover Greeces...

Grexit - what if? Greece kept on a short leash

Jul 13, 2015 16:33 pm UTC| Commentary

This morning the negotiations between Greece and its creditors finally concluded with a conditional deal including a new set of actions to be taken by the Greek side to get agreement on a new ESM programme. Greek...

Markets rally on prospect of a third bailout for Greece

Jul 13, 2015 16:19 pm UTC| Commentary

Back to back rallies in global markets because of the Greece economy, that is 0.2 percent of the Eurozone, is astounding. Or maybe it is just a normalization of markets after the perennial Greek tempest. Many unfortunate...

Poland's PPI likely to have increased significantly in June

Jul 13, 2015 12:45 pm UTC| Commentary

Polands producers price index was -2.2% in May.Societe Generale estimates, this to have increased to -1.7% yoy in June from -2.2% in May, whereas, in monthly terms PPI is expected to have increased by 0.5%, mainly due to...

Bank of Canada to cut the overnight rate?

Jul 13, 2015 10:53 am UTC| Commentary

There is little indication that a growth rotation towards capital spending and non-energy exports is taking place in Canada in the manner that the BoC had envisioned, particularly with real non-energy exports of goods...

No more room for further monetary stimulus – for now

Jul 13, 2015 09:48 am UTC| Commentary

Last month,Banco de Chiles President Rodrigo Vergara said that the bank sees further easing as futile, given the view that a substantial part of the growth deterioration is probably structural (vs cyclical). Then the bank...

USDA expects the global wheat market to be better supplied

Jul 13, 2015 09:35 am UTC| Commentary

The most striking changes to the new USDA forecasts for wheat are the 12 million ton increase in estimated ending stocks for the 2014/15 season and the upward correction of the forecast for the global surplus in 2015/16...