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  • Article / 29 minutes ago

    Goodbye Greece, good luck on your own

    Managing Partner / Spotlight Group
    United Kingdom
    Goodbye Greece, good luck on your own
    Today – June 30 – is a critical deadline for Greece as it's due to pay back EUR 1.6 billion to the IMF, and it's the same day its current bailout expires. A last-minute deal would not be surprising as these are crazy times and European Commission President Jean-Claude Juncker has said he still believes a Grexit is not an option.
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    1m
    Clare MacCarthy Clare MacCarthy
    Greek Government reconsidering Juncker's last-minute proposal, sources tell Greek newspaper Ekathimerini.com.

    http://ekathimerini.com/4dcgi/_w_articles_wsite1_1_30/06/2015_551719 … #Greece
  • Squawk / 50 minutes ago
    Head of Macro Strategy / Saxo Bank
    Denmark
    Euro area inflation has ticked lower, but unemployment is unchanged:

    Inflation cooled a bit in the euro area in June, according to a preliminary Eurostat estimate. Consumer prices are up 0.2% in June compared to the same month a year ago - when oil prices started their descent - while core consumer prices are up 0.8%. Both figures were expected and come on the back of prints of 0.3% and 0.9%, respectively, in May. A lower base effect (due to oil prices) may help push inflation up a bit in the second half of the year, but inflation will stay low as spare capacity is plentiful.

    The unemployment rate is unchanged this month at 11.1% - highlighting the amount of spare capacity. The unemployment rate is so far down only 1 percentage point from the peak in 2013 despite two years of (admittedly modest) growth. Employment is growing though.

    EURUSD is trading down 0.7% at 1.1160 so far today.
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  • Calendar event / 59 minutes ago

    IT Provisional CPI

    forecast
    actual
    Med Provisional CPI
    Low CPI Monthly Preliminary
    +0.1%
    +0.1%
    Low CPI Yearly Preliminary
    +0.1%
    +0.1%