If Syriza win on Sunday outright and the polls are looking towards that then they will default to stay true to their principles and will leave thee euro and very possibly the eu. If on the other hand it is not an overall majority which is also possible they may scrape through. I still do not think Draghi will do all€500 billion at once and the big question is will it be purchase of individual country bonds already in existence or new issuance by the Ecb bought in at once. I still think there will be fudge on Thursday. the one thing Merckel does not either over is this - she is anti it
Have you given up your view that there will be no QE on thursday Bob or are you hedging?
i mentioned before that the share price movement ignores the actual bank of ire business and its impossible to predict where its heading. hopefully this will change when results are announced. until then its just guessing.
draghi's €500 billion on Thursday is now the base line. below it will disappoint, above will be greeted in a sliding scale of happiness by the market. By friday that will be old news and it will be all eyes on greece. there, a victory for Syriza but with the need for a few more moderates to form a government is the base. The better they and the hard left do the more disappointing the markets will be. the better the old guard do the happier the markets will be.
For whats its worth i don't think Greece will leave the euro. they have absolutely ZERO to gain by an exit. their economy is way to weak to survive on their own and no matter what the political rhetoric is now that will change when the hard facts have to be faced up too.
I think even draghi draws a bazooka, the positive reaction will be muted until the Greek election result is clear , very hard to judge the direction of bkir right now , has had no decent run in nearly two months and earnings are six week's. away
January 19 2015 . Through expansion of its current account offering across the Post Office network, Bank of Ireland is seeking to further broaden its retail product offering in the UK market. The move comes at a time when other banks are rationalising branch networks. Nonetheless, competition in the UK current account market is intense; hence an attractive offering will be required to generate sufficient scale
While we don’t normally comment on nonevents, the absence of any mention of Ireland from Moody’s is worthy of one. We set out our stall last week that even though Moody’s had Ireland on a stable outlook, that it would upgrade the sovereign by one notch to A3. Despite upgrading by three notches in 2014, we believed that the positive developments seen since last May (higher growth, lower debt levels in particular) justified another upgrade. Moody’s obviously didn’t think so, with the abandonment of the austerity programme in Budget 2015 and increased euro area tensions possibly the reasons. From a sovereign bond market point of view, the decision will have little bearing. Much more important is the ECB’s decision this Thursday. Markets have already moved to price in the announcement of quantitative easing (QE), probably to the tune of €500bn€600bn. Judging by reports over the weekend, there is still some stiff opposition to this measure, particular from Germany, but it appears that the President Draghi will have sufficient support on the Governing Council to announce such a programme on Tbhursday. What will be important is the details around the programme the size, the type of assets, a risk whether Greek bonds will be purchased. shar ing element, and With the Greek election this coming Sunday, this is set to be a pivotal week for the euro area. Expect the volatility over recent weeks to continue and fasten your seat belts. Home… Page 3 19 Jan. 15 Dermot O’Leary +3531641 9167 firstname.lastname@example.org ly
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.