The bags were truncated to escalate last week, once the best scenario for Greece has been granted. Approved by the Eurogroup, the concession to Greece the next tranche of financial aid to Greece, markets also assume that the FIM will sign the agreements of the Greek Parliament and the 3,300 free. € compromised.
Therefore, the bags were found yesterday without dynamic factors and a report that the rating agency S & P warned that the agreement of the French banks to participate in restructuring the debt of Greece extending its maturity be considered bankruptcy selective, which puts a Greek debt default rating.
Independence Day in the U.S. yesterday caused calm markets, but this week there will be much movement. The European Central Bank (BCE), Bank of England (BoE), the Swedish Riksbank and the Reserve Bank of Australia (RBA) held meetings of its monetary policy committees and employment figures will be known in the United States, Canada and Australia. As for the BCE (Thursday), rising 25 basis points in interest rates seems certain though we anticipate a very neutral statement to keep open options for the Council of Government.
Today Tuesday, the Riksbank is expected to raise rates by 25 basis points, although there will be little change in the repo rate. The events in Europe during the risk present in the filing last month underscores the continued balanced global uncertainty and the risks to global growth.
