French industrial production makes good entry in 1Q
Mar 10, 2015 10:14 am UTC| Commentary
French industrial production rose by 0.4% mom in January, coming in stronger than expected.Expectations were for a moderate monthly contraction following the strong rebound recorded in December (+1.4% mom).The IP...
UST-Bund spreads continue to rocket northwards
Mar 10, 2015 09:57 am UTC| Commentary
UST-Bund spreads continue to rocket northwards (See Image) helped along of course by the improving US data as well as the start of the ECBs QE.Even at current levels, wider UST-Bund spreads remain a good way to express...
European refining margins under pressure from recent increase in crude oil prices
Mar 10, 2015 09:49 am UTC| Commentary
European refining margins have come under pressure from recent increases in crude oil prices, just as gasoil cracks have weakened due to the anticipation of lower demand at the end of winter.This weakness is expected to be...
Rising tensions between Greece and its creditors create spill-over effects
Mar 10, 2015 09:32 am UTC| Commentary
It is conceivable that the rising tensions between Greece and its creditors did create some spill-over effects. The yield on Greek 10-year bonds (for which we can be absolutely sure there is no active official buyer!)...
Germany's Weidmann skeptical of ECB Policy
Mar 10, 2015 09:16 am UTC| Commentary
Bundesbank President Weidmann said in Zurich yesterday that the decision to purchase government bonds is a balance of risks.On the one side is the risk of combining fiscal and monetary policy together with risks to...
Mar 10, 2015 09:10 am UTC| Commentary
The Eurogroup meeting focused on France yesterday, as Finance ministers had a discussion on fiscal surveillance based on analysis by the European Commission and the new recommendations for Countries under the Excessive...
Financial situation of Greek government likely to be complicated
Mar 10, 2015 09:05 am UTC| Commentary
Euro area finance ministers meet today in Brussels for the regular monthly Eurogroup meeting. No decision was taken after Greece sent its list of reforms last weekend, but discussions will resume as of tomorrow at both a...
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