Week in review
Greece accepts austerity measures, doubts about China’s 7% growth rate, UK and US interest rate rises on the cards
Opinion
Greece is a small country that makes up only tiny proportion of the European Union economy but the prospect of it defaulting on its debts last week saw its 10 year bond yields move dramatically higher
Opinion
The deal is bad for Greece, bad for the EU economy and stability. Avoid EUR assets
Week in review
Drama continues in Greece where banks have been closed for a fortnight, markets kept watch on China’s stock market and as expected, the RBA left the cash rate unchanged at 2%
Week in review
Greece votes ‘no’ and drives ‘risk off’ positioning, China takes further measures to support its equity market, the RBA to meet with market expectations of no rate change, strong volume is experienced in ‘safe haven’ assets such as inflation linked bonds and company updates on Adani and G8
Week in review
Greece again faces default and potential Euro exit, Chinese stock markets are calmed by government intervention and strong flows are seen in new-to-retail Plenary 2021 and NEXTDC 2019 as well as perennial favourites Sydney Airport 2020 and 2030 inflation linked bonds
Week in review
RBA releases its official minutes with a mild easing bias present, as expected the FOMC left rates unchanged in the US, Greek Prime Minister discloses new debt proposals to Eurozone leaders and yields were lower last week as a result of the news
Week in review
RBA Governor suggests an easing bias, economic commentators suggest the US hold off on rate rises to enhance economic stability, Greece is downgraded, SCT Logistics launches $85m issue, CBL Corporation is upgraded and PMP reiterate their FY15 guidance
Week in review
The RBA keeps rates on hold, Greece defers IMF payments, the yield curve continues to steepen, Adani Abbott Point goes retail, McPherson’s cuts its profit forecast and PAYCE exits a joint venture and sells development rights
Week in review
Bad news dominates - Dreadful capex numbers impact confidence; Greece survives another week; AUD and government yields down; and new DirectBonds from Qantas, Sun Group and Asciano dominate flows