Grexit_Greece_Deal_1606

Another day with the same old news headlines about Greece (Grexit) are hovering around, leading to another fresh buying spree across European equities. “Greece and creditors reach deal” sounds familiar, isn’t it? Every few months we are reading the same headline over and over again. Today the headline is Greece and creditors reaching the deal, ...

2017-07-26 Nour Eldeen Al-Hammoury Read more
Grexit_2302

For the past few years, Greece was on the edge of collapsing. However, the EU jumped in and managed to rescue the country. However, the EU managed to bailout Greece many times. Yet, the country is still suffering, affecting the rest of Europe, which in return keeps the uncertainty higher by the days. What’s The Problem? The Greek government ...

2017-02-23 Nour Eldeen Al-Hammoury Read more
Le Pen_French Elections_1602

European Politics to Take Centre Stage Over the first trading months of 2017, it has been the US political environment that has dominated the majority of investors’ attention.  The unusual developments within US politics have so far stolen the limelight from the potentially sinister developments in Europe. However, with elections upcoming in ...

2017-02-16 James Harte Read more
Greece

Creditors approve 10.3 billion euros in the bailout package for Greece. German Ifo sentiment points to increasing business optimism, and markets await BoC rate decision. Today’s Economic events Australia construction work done q/q -2.60% vs. -1.40% Switzerland UBS Consumption indicator 1.47 vs. 1.40 previously Gfk German consumer climat...

2016-05-26 John Benjamin Read more
Market news

The EUR/USD closed the week on a lower stance, the incertitude of Greece’s headlines and the emergent state of the deal continuing to keep pressure on the trend. These echoes will still make an appearance in the future, inflicting movements in the most important PMIs. Most investors see this deal just as a preliminary step in preventing a Grexit...

2015-07-22 Orbex Read more
Market news

Surprisingly enough, Greece's position towards the reform package has changed radically. The Greek government sent a package of reform proposals to its euro zone creditors on Thursday, asking for 53.5 billion euros, a review of primary surplus targets and "reprofiling" the country's long-term debt, while seeking a parliamentary vote on today to ...

2015-07-13 Orbex Read more
Market news

The US dollar and capital markets have apparently lost their appeal, especially before a hot weekend in Athens. Despite the somewhat disappointing Non-Farm Payrolls yesterday (223k), the falling Average Hourly Earnings (0.0%), the increased Unemployment Claims (281k) and the declining Factory Orders (-0.1%), the data does little to change the ou...

2015-07-06 Orbex Read more

Call it a default or simply 'arrears' but no matter how the issue is broached, the fact remains that Greece failed to repay the IMF, an amount of 1.5 billion Euros. The country also set one for the record books as it becomes the first 'advanced economy' to default on the IMF. Gerry Rice, the director of communications at the IMF, in a stateme...

2015-07-02 John Benjamin Read more