Watch out for macro data as Greece concerns recedes [HEAT]

Filed in: Macro Update

29 March 2010 at 7:23 GMT

Concerns about the situation in Greece continues to recede with the CDS down roughly 50 bps during the past week. We buy on dips in equities.

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Macro Update

Saxo Bank's Macro Update is a daily preview of expected macroeconomic releases. But it also delivers commentary on the geopolitical factors affecting markets and any prior data that needs to be highlighted. It is normally published once a day at the start of European trading.

Authors John J Hardy, Mads Koefoed, Steen Jakobsen