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...
Mar 10, 2015 09:00 am UTC| Commentary
Quotes from Unicredit: We expect the Norwegian February CPI this morning higher than consensus at 2.2% (vs. Bloomberg consensus: 2.1%; prior: 2.0%). This will certainly be one of the numbers the Norges Bank will be...
PBOC to keep door open to further monetary easing in short run
Mar 10, 2015 08:56 am UTC| Commentary
In emerging markets, data from China earlier today showed a rebound in headline CPI to 1.4% yoy in February from a five-year low of 0.8% yoy last month.Producer prices stayed in deflation territory which is keeping a tight...