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SEB head, Annika Falkengren,said that markets should not view a possible Greek exit from the EZ as an isolated problem She said Nordic banks have little to no exposure to Greece or other EZ countries which have sovereign debt problems However, Falkengren also warned that even unexposed banks in Sw...
Domestic stocks of crude rose by 883,000 barrels to 382.53 million barrels. Markets expected a build of 1 mln bbl Domestic gasoline inventories fell by 3.3 million barrels to 201.01 million barrels. Distillate inventories fell by309,000 barrels to 119.
Italy govt to request EU commission to lower vat on online media to 4 pct from 21 pct by June 15 - govt source The reduction would bring the VAT rate on online media in-line with traditional books and newspapers.
IEA executive director, Maria van der Hoeven, said that the world oil market has lost about 300,000 bpd of Iranian oilShe hoped a recent fall in oil prices would benefit the global economy, which she described as fragile. The material has been provided by Instaforex Company - instaforex.
The US home sales increased 3.3 pct y/y to a SA 343,000-unit from 332,000-unit pace in March. Signs of life in the housing market were also bolstered by a 0.7 pct rise in the median price of a new home last month to $235,700 from March. While the inventory of new homes on the market rose 1.
Quotes from Barclays Capital:-EUR/USD will continue grinding lower in our base case of ongoing euro area stress, reactive policy, and no exit of Greece from the euro in the near term-??Relative monetary policy will remain a key driver of lower EUR/USD??.
Quotes from Barclays Capital:-We expect the EUR/CHF floor to hold, even if pressure persists.
Quotes from Barclays Capital:-CAD vs.
Quotes from Barclays Capital:-Scope for easier ECB policy means EUR/USD downside is likely??-Near-term downside risks: runs on deposits, a negative election outcome in Greece??-Near-term upside risks: a pro-euro election outcome in Greece and bold policy measures by authorities??-Put spreads th...
Spanish Prime Minister Mariano Rajoy believes it is best that Greece stays in EUQuotes "I simply hope that the euro group doesn't have a lot of work to do on this and that Greece stays in the euro.
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