Greece running out of time to produce a comprehensive list of reforms
Mar 30, 2015 17:19 pm UTC| Commentary
Late last week, Greece submitted the third iteration of the list of proposed reforms demanded by eurozone finance ministers as a pre-condition for the payment of the outstanding tranche of 7.2bn from Greeces second...
Mar 30, 2015 16:52 pm UTC| Commentary
The pound has opened lower against the US dollar but has gained on a trade-weighted basis before UK Prime Minister David Cameron prepares to dissolve parliament today.GBP/USD touched 1.4803 this morning having traded as...
Mar 30, 2015 16:51 pm UTC| Commentary
The Euro is under an increasing amount of pressure this morning and at risk of losing last weeks gains as investors worry about Greeces ability to win new emergency aid. Greek lawmakers will debate measures today which...
Mar 30, 2015 16:50 pm UTC| Commentary
Fridays US GDP revisions missed expectations, raising concerns of a sharper pull-back in US economic growth this year ahead of Payrolls Friday on April 3rd. Fed Chair Janet Yellen was also speaking on Friday evening and...
BMO Capital Markets lowers US Q1 GDP forecast
Mar 30, 2015 15:56 pm UTC| Commentary
U.S. pending home sales jumped 3.1% in February (or +12.0% y/y), leaving expectations of a mild 0.4% increase behind in the dust.Despite bad weather, there was an 11.6% surge in contracts signed in the Midwest, a sizeable...
Boost to US households from falling energy prices is fading
Mar 30, 2015 15:29 pm UTC| Commentary
US personal income rose 0.4% m/m and personal spending rose 0.1%. Wage and salary growth was solid in February, rising 0.4%, while growth in disposable income was also 0.4%. The saving rate ticked higher to 5.8%, up from...
German inflation rate more in positive territory again
Mar 30, 2015 15:11 pm UTC| Commentary
In Germany, the inflation rate edged upwards to 0.3% in March. This uplift is mainly attributable to the renewed increase in energy prices.Whilst the German figures were in line with expectations, Spanish consumer prices...