Important news from the FOREX market-maker on the Market

13 April 2015, 12:19
Alexey Mashkovtsev
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- Eurogroup disappointed with progress in Greece. The last meeting of the Eurogroup has been called "shocking", Greece asked for money "as a taxi driver," according to FAS with reference to resources. Greek Finance Ministry claims that this message is not true. Germany needs parliamentary approval of the fundamental changes that are accepted in the program. ECB criticized the program and defended indebted homeowners.

- Ranking of Spain was confirmed by S & P at BBB / Stable. France's rating was affirmed at AA / negative. Ukraine's rating was downgraded from CCC- to CC / negative. Romania Rating: affirmed at BBB- / Stable.

- The German industry association BDI raised its forecast for German GDP in 2015 from 1.5% to 2%. The representative of the Christian Democrats Kauder said that Merkel will go to the fourth term in 2017.

- The popularity of the current government of Finland before the election next weekend fell to a record low, only 11% TNS Gallup survey believe that the government has been successful.

- Prime Minister of Spain Rajoy called negative yield on Spanish bills proof of confidence. ECB President Draghi welcomed the reforms in Spain, according to El Mundo.

- Fed's Kocherlakota (dove, without voting rights) warned that the rapid rise in interest rates will undermine demand. Fed should raise rates to hold the second half of the year, the rate of 2% by December 2017 would be appropriate.

- Hillary Clinton announced his desire to run for president of the United States, as expected.

- China's trade surplus in March, has fallen to 3 bln. Dollars., Exports fell by 15% y / y (forecast + 9%). China Securities Journal reported that China needs stronger measures, as GDP growth in the first quarter may be weaker than expected 7% (data will be on Wednesday). China's Central Bank injected liquidity of $ 705 billion. Yuan into the banking system of China in the first quarter to support growth. China's State Council issued a plan to reform the banking system, Premier Li urged to accelerate spending on railway construction. The World Bank lowered its growth forecast for China's GDP by 0.1% to 7.1% for 2015 and to 7.0% for 2016.

- The head of the Bank of Japan Kuroda said that quantitative easing has caused the expected effects, although inflation remains at 0%. Minutes of the last meeting showed that some members of the Board of Governors considered the possibility of leaving the consumer price index into negative territory.
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