Richard Perry
Independent Analyst
The mixed signals regarding the prospects of a deal for Greece in the past few days have been difficult to fathom. Greece have been insisting that a deal could done by Sunday, whilst the European Commission have denied these claims, whilst IMF chief Christine Lagarde has suggested that a Greek exit from the Eurozone is a possibility still. This uncertainty weighed on equity markets yesterday, which I feel will be moving increasingly on the toing and froing of this story in the coming days. However, interestingly the positive correlation between the German 10 year Bund and the euro has slightly broken down in the last couple of days as the euro has looked to rally. Today is growth day for many countries, but focus will be on the US which according to some models could have a downward revision on its annualised Q1 GDP from +0.2% to potentially -1.0%.
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