Thursday, June 4, 2015

Economic News , Data and Views ( June 4 , 2015 ) Greece Updates ( Tsipras Meeting With EC Head Juncker Fails To Result in Deal As Tsipras Rejects Creditor Suggestions for Austerity ...... Experts States First Two Bailouts Invalid Under Greece Constitution ..... Social security Fund IKA to Transfer 200 ML In Cash Reserves To B Of G .... Unemployment at 25.6 % ) ...... Broader Europe and Asia - Data Splash , News of the Day , Euro in focus , Bond Rout Continues for Fourth Day .....


Creditors' austerity demands from are a farce




FinMin Varoufakis: On my first week @ the office, a snr European official threatened me w/ capital controls unless we signed an MoU


Greek PM Set To Repay EUR330 Mln Loan Tranche To IMF On Friday - MNI Sources


Could issue a parallel domestic currency soon?


Senior German Official Says Merkel To Hold Bilateral Meeting With Obama On Sunday Morning Before Start Of G7 Summit. /via


, creditors, converge on some measures, Greek PM Tsipras to make counter offer- Officials (Dow Jones)



Tsipras due to meet Juncker & Dijsselbloem again on Friday after last night's inconclusive talks in Brussels, reports

Our proposal continues to be the only realistic and constructive proposal. The discussions will continue.

Tsipras: there wr proposals we agree with & others we can't accept (VAThike in electricity, scrap povbenefit

Greek PM Tsipras Rejects Creditors’ Suggestions for Austerity after Meeting EC President Juncker

Proposed Measures Cross ‘Red Lines’ Greek PM Tsipras Had Set

First Two Bailout Memoranda Invalid Under Greek Constitution, Expert Tells Parliament Inquiry

IKA, 's largest social security fund, to decide today to transfer cash reserves of €200 mln to BoG account (via )

Mar seasonally adjusted Unemployment at 25.6% from rev 25.6% in Feb and 26.9% in Mar 2014 (ELSTAT).

Broader Europe and Asia.....Data Splash

rises to 51.4, signalling strongest rise in sales since April 2011

Output growth in 's construction sector slows as civil engineering activity declines. at 50.8 (Apr:51.0)

Investec Services Business Activity Index rises to 3-month high of 61.4 in May (60.6 in April)

US, UK and Spain strongest contributors to latest expansion of global economic output

Portugal's centre-right ruling coalition plans to introduce German-style constitutional debt brake if re-elected.

Catalan independence supporters manage to snare CEO into the debate on secession on Twitter:

Bond rout turns out to be expensive: sold €3.77bn 10yr OAT at 1.28%, highest borrowing cost since Sep auction

extends biggest 3-day rally since 2009 on German Yields

Bund sell-off enters 4th consecutive session. Bund Future plunges, 10y yields jump to almost 1

follows yields higher: Common currency jumps >$1.13 after 10yr yields hit fresh 9m high at 0.97%.

In case you missed it: Global bond rout wipes out '15 gain as traders fret even leaving desks

CRASH! Bond King Jeff Gundlach says he sees bund yields rising an additional 125 bps.