There’s a ‘party on’ feel in the markets today, as shares, gold and oil all rally * European markets at three-month highs * Stock markets say ‘party on, dudes’ * Oil up as Kuwait strike rumbles on * The agenda: Zew, Goldman and Carney 10.55am BST GREECE’S GOVERNMENT IS RESUMING TALKS WITH ITS LENDERS THIS AFTERNOON OVER ITS ECONOMIC REFORMS, AS THE GREEK DEBT CRISIS THREATENS TO HEAT UP. It’s the first meeting since the International Monetary Fund pushed for Greece’s bailout to be rewritten, to remove unachievable fiscal targets. Scheduled meetings of #Greece gov't w/ mission chiefs on Tue: 3pm - Education 4pm - Energy 5pm - (Privatisation) Fund#economy #ec #ecb #esm #greek finance ministry says negotiations with country's creditor quartet will resume at 3PM 2day with gov officials meeting #IMF at 5 PM The package would be triggered only if Greece falls short of targets over the next three years. But the proposals, which come on top of a list of austerity measures already being negotiated, would have to be passed into law now—posing a stiff test for the governing coalition of Prime Minister Alexis Tsipras, which has a majority of only three seats in parliament. 10.20am BST ECONOMIC EXPECTATIONS IN GERMAN HAS SMASHED FORECASTS, DESPITE WORRIES ABOUT BRITAIN’S EU REFERENDUM. The ZEW Institute’s German economic sentiment index has surged to 11.2 this month, up from just 4.3 in March. Die #ZEW-#Konjunkturerwartungen für #Deutschland hellen sich auf - https://t.co/syGiX6fw3z /FK pic.twitter.com/wUDTA9haol The assessment of the economic situation in Germany worsened. The index has fallen by 3.0 points and now stands at 47.7 points. The bottom line, however, the continuing weak growth in China and other key emerging markets remain a burden on the German export industry. The concern about a possible withdrawal from the EU Britain is likely to affect burdensome.” Continue reading...
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