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December 2015

Greece clashes it's creditors

Published: Monday 07 December 2015

There has not been a lot to report on this morning although Greece did meet with its creditors which has resulted in flared tensions over Greece’s delayed implementation of the reforms agreed in the bailout programme. The security fund reforms package is now postponed until January in the Greek parliament when it should’ve been reformed by the end of October. The IMF is refusing to contribute financially at the moment and Tsipras as a result is calling for the IMF to pull out of the agreement.

Later on we have US labour market conditions which could slightly add or falter the chance of a rate hike as it has been stated by many fed members the state of the labour market is the key behind the next hike timing. Mid-afternoon Mark carney is also speaking to the EU parliament committee; it isn’t expected to be anything of much note it and is regulatory based.

Looking to the rest of the week, it is a jam packed one with tomorrow Eurozone GDP figures. Wednesday Chinese CPI & RBNZ rate decision. Thursday AUD unemployment figures, BOE rate decision & Friday US advance retail sales.