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  • 54m
    Clare MacCarthy Clare MacCarthy
    Ha! And we've also got – Tomorrow Is A Long Time....Bob Dylan
    bvlaerhoven bvlaerhoven
    always good to have a laugh in these markets!
    Clare MacCarthy Clare MacCarthy
    agree absolutely - laughter is the best medicine and the Greek patient looks darn near incurable!
  • Editor’s Picks / 2 hours ago

    The very human cost of Greece's tragedy

    Global Economic Analysis
    Remove your blinkers for just one moment and get a real understanding of the true extent of the Greek tragedy, writes an angry Mish Shedlock on the back of an email from a regular reader of his column. The email highlights the despair of the Greek people and lambasts the international media for its impartial efforts on Sunday's Yes/No vote as well as vividly depicting the sheer depths to which the country has plunged in an ever-increasing vicious circle of debt and calamity. Shedlock concludes that even with such an overwhelming 'No' vote, the "nannycrats in Brussels and Berlin still don't get it." Contagion risk is very high, he adds, with Spain, Portugal or Italy next in line.
    Read article on Global Economic Analysis
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    Martin O'Rourke Martin O'Rourke
    There is a clear split emerging between France and Germany over a Greek bailout deal ahead of tonight's critical Eurozone summit with the French leading the charge...
  • Saxo TV / 8 hours ago

    Koefoed: Why the markets don't fear Greek contagion

    Mads Koefoed
    There's still so much uncertainty over what will be the final outcome for Greece. Saxo's Mads Koefoed says that what's been surprising is what little market reaction there has been. Risky assets led by stocks sold off on Monday's open, but they came back fairly quickly. The same went for Eurodollar.
    watch video
  • Calendar event / 9 hours ago

    DE Industrial Production Index

    High Industrial Output (Adjusted) MoM
    Med Construction Output Pct Chg MoM
    Med Industrial Output (Adjusted) YoY
    Med Manufacturing Output Pct Change MoM
    Med Industrial Output Pct Chg YoY
  • Article / 10 hours ago

    3 Numbers: Steady German industry growth, UK industry, US job openings

    editor/analyst /
    United States
    3 Numbers: Steady German industry growth, UK industry, US job openings
    Today's figure for German industrial output should show moderate growth. That is encouraging, but this May data won't reveal anything about macro trends in the post-referendum Eurozone. Meanwhile, the crowd expects a mixed message in the UK industrial release for May, with weakness alongside stronger growth in annual growth terms. In the US, if job openings data can hold onto recent gains, it will provide a bullish counterpoint to recent disappointment in other corners of the labour market.
    Read the article
    Clemens Bomsdorf Clemens Bomsdorf
    The German statistical bureau just reported that "production in industry remained unchanged from the previous month on a price, seasonally and working day adjusted basis."
    James Picerno James Picerno
    Indeed, although the seasonally adjusted YoY change was +2.2%
  • Editor’s Picks / 10 hours ago

    RBA leaves rates unchanged at 2%

    Sydney Morning Herald
    The Reserve Bank of Australia kept the cash rate steady at 2% today, writes Mark Mulligan, but left the door ajar for a further cut this year. The decision was widely expected, and after an initial spike the Australian dollar quickly settled back to around 74.80¢. In a statement, RBA governor Glenn Stevens said: "The board today judged that leaving the cash rate unchanged was appropriate at this meeting. Information on economic and financial conditions to be received over the period ahead will inform the board's assessment of the outlook and hence whether the current stance of policy will most effectively foster sustainable growth and inflation consistent with the target."
    Read article on Sydney Morning Herald
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