All the day’s economic and financial news, as Athens sells debt for the first time in three years Introduction: Greece returns to the markets 8.20am BST SOME FINANCIAL EXPERTS HAVE GIVEN GREECE’S BOND SALE A THUMBS-UP. LUTZ ROEHMEYER of LANDESBANK BERLIN INVESTMENT says it is “perfect timing”. “It is after getting bailout money, after getting the go ahead for a debt reduction next year, after IMF said it is likely to join the bailout finally, after S&P rating action and still before ECB ends QE and started raising rates.” “They’ve been doing well,” “Psychologically, yields are below levels when they last came to the market. And it’s a good time to issue because if ECB starts tapering post summer, peripherals would come under pressure.” 8.04am BST GOOD MORNING, AND WELCOME TO OUR ROLLING COVERAGE OF THE WORLD ECONOMY, THE FINANCIAL MARKETS, THE EUROZONE AND BUSINESS. #Greece finds out today how 1st foray into bond mkt since '14 went. Yield, subscription & quality of investors = key https://t.co/oOxPxjKW3F Related: Greece plans return to bond market as Athens sees end in sight to austerity “This decision is a significant step, part of Greece’s strategy to regain viable and steady access to international markets.” Our European opening calls:$FTSE 7396 up 18 $DAX 12245 up 36 $CAC 5140 up 13$IBEX 10479 up 32$MIB 21392 up 66 Continue reading...
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