EUR: Greece to overwhelm this week
Jul 05, 2015 20:30 pm UTC| Commentary
Greek developments are likely to overwhelm data this week as noted in detail above. German factory orders (Monday) and IP (Tuesday) are likely to decline 0.5% m/m (consensus: -0.4%) and increase 0.3% m/m (consensus: 0.1%),...
Jul 05, 2015 20:23 pm UTC| Commentary
The USD is expected to remain generally well supported next week despite the somewhat disappointing June employment report in the US and a lack of relevant economic releases. Even though employment figures were...
UK Stronger earnings data and inflation
Jul 03, 2015 15:26 pm UTC| Commentary
UK April weekly earnings data reported a better than expected 2.7% 3m y/y rise. This was the strongest increase since early 2009, which suggested that despite pay freezes in some industries that almost 90% of Q1 UK pay...
Greece referendum sounding like a ultimatum
Jul 03, 2015 15:09 pm UTC| Commentary
Exactly at the point in time when Europeans were eventually acknowledging that an agreement was within reach, the decision by Prime Minister Alexis Tspiras to organize a referendum on 5th of July was a surprise and...
Greece Debt sustainability still has to be restored
Jul 03, 2015 14:59 pm UTC| Commentary
Hopefully, negotiations will resume for an agreement on a financing strategy for Greece over the medium term. On these grounds, challenges will remain unchanged. Due to its size, debt sustainability is indeed, weak,...
‘Yes' vote, a semi-stable outcome at best for Greece
Jul 03, 2015 14:43 pm UTC| Commentary
A Yes vote would allow negotiations to resume on the basis of the late June proposals. However, early elections or an unstable coalition would also follow a Yes vote. And given the time and complexity entailed by a new...
Jul 03, 2015 14:32 pm UTC| Commentary
A No vote would not immediately trigger a Grexit, especially as the chance of new elections still remain, even in this scenario Greek president would most likely resign. Moreover, some form of negotiation may resume. As...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
Labour can afford to be far more ambitious with its economic policies – voters are on board
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects