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  • Editor’s Picks / 6 minutes ago

    Greece seeking deal by June 5: Tsipras

    Bloomberg
    It would appear that the Greek government is setting its deadline for a deal one June 5, when the struggling country's next payment to the International Monetary Fund is due. According to a spokesman for Greek prime minister Alexis Tsipiras, Athens intends to pay this month's round of pensions and salaries but has not yet committed to paying its next IMF bill. While the PM told reporters that "we want to honor our obligations, and that’s exactly why we’re seeking this agreement soon", it is widely believed that Athens cannot afford to pay the IMF without a bailout deal from its European creditors. According to Bloomberg, Greece appears set to miss the May 31 deadline set by Paris and Berlin, with June 5 now being the next "moment of truth". Greek stocks tumbled 2.4% on the news.
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  • 1h
    Naeemullahjan Naeemullahjan
    Sir sell the USD jpy is now
  • Editor’s Picks / 4 hours ago

    Global economy's 'Titanic' problem: HSBC

    The Telegraph
    The global economic recovery is dangerously close to stalling and if China chooses to abandon its crawling dollar peg, it could unleash a further deflationary shock across the economy plunging the world back into crash territory, warns HSBC. With zero interest rates proliferating, the available policy tools to handle the next crunch are dwindling rapidly, akin to the Titanic hoping to navigate perilous seas without the security of lifeboats. If the low-growth malaise continues, there will be no ammunition left for the world's central bankers to effect policy if indeed there is another crash.
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  • Calendar event / 6 hours ago

    ES PPI

    forecast
    actual
    Low PPI, Y/Y
    -1%
    Low PPI, M/M
    +0.4%