Greece decides about euro exit, but contagion subdued
Jul 02, 2015 21:42 pm UTC| Commentary
Greeces referendum vote this Sunday is ultimately a decision on its membership in the euro, even if PM Tsipras denies this. We find it very difficult to imagine how, after a no vote, Greece and its creditors could...
Russian inflation continuing its downward trend
Jul 02, 2015 20:57 pm UTC| Commentary
Russia CPI inflation for June will be released next week. With inflation dropping rapidly, it is expected to decline to 15.4% y/y from a high of 16.9% in March . This will mean that Q2 inflation has been a little over 1%,...
Jul 02, 2015 20:17 pm UTC| Commentary
Westpac Research notes:Australian 3yr government bond (futures) yields fell from 2.15% to 2.07%, while the 10yr yield fell from 3.20% to...
Jul 02, 2015 20:16 pm UTC| Commentary
Westpac Research notes:The US 10yr treasury yield initially rose to 2.445% but then fell in response to the payrolls report to 2.36%, currently at 2.39%. The 2yr fell by more, steepening the curve...
Jul 02, 2015 20:16 pm UTC| Commentary
Westpac Research notes:AUD/NZD 1 day: Yesterdays reversal suggests a move down to 1.1300 today. Iron ore has traded poorly recently, while todays retail sales report will shed some light on domestic demand ahead of next...
Jul 02, 2015 20:14 pm UTC| Commentary
Westpac Research notes:NZD/USD 1 day: The multi-month downtrend remains intact, with no major obstacles ahead of 0.6560. The Greek vote will set direction on Monday, a "no" vote probably resulting in a selloff.NZD/USD 1-3...
Jul 02, 2015 20:14 pm UTC| Commentary
Westpac Research notes:AUD/USD 1 day: Retains slightly negative momentum and vulnerable to breaking below the 0.7600 area. Retail sales is a risk today.AUD/USD 1-3 month: Eventual resumption of the strong US dollar trend...
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