Greek Tragedy Takes Centre Stage

andres del risco

Against the backdrop of successive failures to form a government in Greece, markets keenly await the Spanish and Italian debt auctions later today. The outcome of these auctions is likely to be a key determinant of risk sentiment today. Risk appetite remains subdued despite the Chinese central bank cutting the amount of cash that banks must hold as reserves.

At home, the Greek political conundrum has kept Sterling resilient against the Euro. Meanwhile, the BoE’s quarterly inflation report due Wednesday is likely to shed some light on factors that prompted the central bank not to opt for further stimulus.

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Greek Tragedy Takes Centre Stage

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