Pressure and news headlines are returning to the euro and Greece with their bailout review being in process. Earlier today the Greek PM 's press office said the bailout review must be concluded without extra fiscal measures. Although…
- Germany still expects to complete Greek programme review late April/early May
- debt haircut for Greece not up for debate
- Berlin remains confident a solution with Greece will be found but more work needs to be done.
As a result of bailout review speak the euro has been rather jittery this morning and has slipped slightly, this can be expected throughout the month if agreements aren’t reached.
We’ve seen an expected quiet morning with UK construction PMI for march marginally better than expected. Looking to the week, Tues NZD dairy auction for April and US ISM manufacturing. Thurs evening Yellen speaking, Friday cad employment data.