Market Comment: February 10

By / February 10, 2012

Good morning, 24 hours after the Greeks announced a deal has been reached, it appears that it is being rebuffed by both sides.  Greek opposition has announced that they cannot vote for the Troika accord as is, while Luxembourg PM Jean-Claude Juncker has stated he will not agree to the deal unless Greek opposition parties… Read more

Market Comment: February 9

By / February 9, 2012

Good morning, Markets are on the rise this morning on yet another headline reporting that Greek politicians have reached an austerity deal, pledging to return to GDP growth in 2013.  Greece’s two largest unions reacted by announcing an immediate 48-hour general strike, calling for a social uprising. Opposition parties in Greece have been arguing for… Read more

Market Comment: February 8

By / February 8, 2012

Good morning, Markets were on the rise overnight on the rumours of an agreement on the second Greek bailout package; however, Bloomberg is reporting that Greece has again failed to come to an agreement as another deadline comes and goes.  Nonetheless, the Euro is trading 50 basis points higher against both the USD and CAD…. Read more

Market Comment: February 7

By / February 7, 2012

Good morning, The Australian dollar is trading at a 6-month high after the Royal Bank of Australia unexpectedly decided to maintain interest rates at 4.25%.  Markets had discounted in a 25 basis point rate cut; the surprise move has pushed the AUD nearly one-cent higher against the Loonie. As the Greek government sits down to… Read more

Market Comment: February 6

By / February 6, 2012

Good morning, Risk aversion is taking hold of markets as Greece remains in the spotlight and comments on Chinese growth have investors heading for the doors.  A weekend summit with Greek political leaders failed to reach a conclusion over the proposed bailout terms presented by the Troika.  Two main labour unions in Greece have called… Read more

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