The UK 100 was flat as further delays to Greek debt restructuring created more confidence sapping uncertainty – but the talk of the market was the agreed $90bn (£56bn) merger of Glencore and Xstrata. After rejecting a newly proposed bailout deal which demands stricter labour reforms and other austerity steps, Greek leaders will meet again…
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UK 100 called to open +15pts after a quiet start to the week in the US and Asia on account of a very limited macro data schedule and all eyes remaining on slow progress of Greek discussions (amount of bailout #2 and private sector debt agreement) which are still on-going and PM Papa demous due…
Financial results and share price volatility UK banks report their fourth quarter (Q4) and full-year (FY) results this month, an opportunity to update the markets on financial situations (profit or loss? growing or not?), progress regarding strategy (on-track or behind?) and what the future may hold (bright or bleak?). The communication of this updated information…
UK 100 called to open -10pts due to a standoff among Greece’s national unity government (understandable but nonetheless dangerous brinkmanship, with talks of technocrat PM Papademous giving the governing parties until Monday to make a their decision) regarding austerity measures demanded by international lenders who hold the purse strings for the country’s second essential bailout….