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How the world sees Greece
Tuesday, July 16, 2013
Greek anti-austerity strike hits flights services
LONDON (MarketWatch) -- Many public services in Greece ground to a halt on Tuesday as workers staged a 24-hour general strike to protest against unpopular austerity measures, according to media reports. A four-hour stoppage at air-traffic control is expected to affect flights into and out of the country in the afternoon local time, with public transport, trash collection and hospitals also hit. ...
Swarms Of Mosquitos Invade Greece
Greeks and visitors alike are discovering that summer in Greece has brought a pesky problem of mosquitoes in bigger numbers because of government cutbacks in spraying programs. Spraying in some areas has just begun, too late to get the mosquitoes before they start spreading. During the past few years, mosquito populations in Greece have gone wild with specialists recording, mainly within the ...
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The Five Best Novels Set In Greece
The Five Best Novels Set In Greece Huffington Post If you're hankering for the Greek isles but can't manage an Aegean vacation this summer, why not go there through fiction instead? Greece may not feature as prominently in contemporary literature as, say, France or Italy, but there are a number of ... |
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No Celebration For Restoration of Democracy
For the third year in a row, citing the economic crisis and with protests ongoing, the Greek government said there will no celebration to mark the Restoration of Democracy, what used to be an annual event but is now fading from memory. The gardens of the Presidential Mansion will remain closed in 2013 during the anniversary of the Restoration of Democracy. Before the crisis, the event used to ...
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News Flash ERT Is Not Back On The Air
While the Greek government has opened a "new" public broadcaster showing 50-year-old black and white films, puppet shows and documentaries, workers at its predecessor that was shut down, ERT, keep sending out signals via the Internet. On July 11, a month after the Greek government shut down public service broadcaster ERT, CNN reported that it was "back on the air." However, ...
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Eurozone employment picture bleak, says OECD
Montreal Gazette | Eurozone employment picture bleak, says OECD BBC News Young workers in the eurozone will continue to suffer from high unemployment rates, the Organisation for Economic Co-operation and Development (OECD) has warned. In its yearly Employment Outlook, it also said many elderly workers face financial ... OECD: Unemployment won't fall until late 2014 OECD Sees Spanish, Greek Unemployment Rates Climbing to 28% Long-term unemployment still a blight in Canada, OECD warns |
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A 5-Second Guide To What Traders Are Chattering About Today
From Dave Lutz at Stifel, Nicolaus, a very quick guide traders are chatting about on this quiet morning.
Morning – Futures in the USA are basically flat this AM, but remain near highs of the overnight session. The DAX has lost small, dragged lower as Fins over in Europe are hit for 50bp as spreads widen slightly in the PIIGs and rough Economic data abounds – doubtful the strike in Greece any factor. In Asia, Japan closes at a 2M high following a 3day weekend (Buyback activity at a 8Y high), but India was smacked hard as India’s CB raises short-term borrowing costs to prop up the Rupee. Shanghai added small, led by Solar companies – while EAsia was under pressure. In Aussie, the ASX was up small but miners acted well as Rio’s update was better than expected.
The US 10YY is testing Friday’s lows of 2.52% as the street readies for Bernanke's Testimony on Weds (House) - released at 8:30, Hearing at 10, Q&A at 10:45 - The DXY is under some pressure as Aussie$ Rallies on RBA comments – The Rupee jumps on RBI tightening – and the € is breaking higher. This is a natural tailwind for commodities – and Gold is your best performer, popping toward $1300/oz helped by a Barrick project coming offline in Chile. The Crude Complex is jumping to new peaks as well, but Gasoline continues it’s surge north – hitting YTD highs as Ethanol Credits leapt higher again overnight.
Focus will be heavy on US CPI this AM - If the US consumer price index to climb significantly from May’s 1.4% figure, it would undercut the dovish argument that asset purchases must continue to avoid deflation.
Definitely, as Lutz notes, the focus will be on CPI at 8;30 AM ET.
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