Intra-Day Market Moving News and Views
02 Mar 2015 00:16GMT
[B]EUR/USD[/B] - ..... Euro opened lower in NZ on Monday to 1.1167, then 1.1160 ahead of Asian open.
Reuters reported Greece's leftist PM Alexis Tsipras accused Spain n Portugal on Saturday of leading a conservative conspiracy to topple his anti-austerity goverment, saying they feared their own radical forces before elections this year.
In a speech to his Syriza party, Tsipras accused them of taking a hard line in negotiations which led to the euro zone extending the bailout programme last week for 4 months.
"We found opposing us an axis of powers ... led by the governments of Spain n Portugal which for obvious political reasons attempted to lead the entire negotiations to the brink," said Tsipras, who won an election on January 25.
"Their plan was and is to wear down, topple or bring our goverment to unconditional surrender before our work begins to bear fruit and before the Greek example affects other countries," he said, adding: "And mainly before the elections in Spain."
Tsipras has portrayed the Eurogroup deal as a victory for Greece, even though it meant extending the bailout programme he had promised voters to scrap. He noted German lawmakers from Chancellor Angela Merkel's conservatives had attacked the Greek leadership when they approved the extension on Fri.
"We have all watched the strong opposition within Angela Merkel's party which shows that unacceptable concessions have been made to Greece," he said.
So far he has public backing. A poll conducted by the University of Macedonia for SKAI TV showed 56 percent of Greeks believed the extension had been a success, compared with 24 percent who said it represented a failure.
Ireland's FinMin has said Athens must negotiate a 3rd bailout when the extension expires in Jun - something Tsipras denied on Friday.
FinMin Yanis Varoufakis called into question a major debt repayment Greece must make to the ECB this summer, after acknowledging Athens faces problems in meeting its obligations to international creditors.
Data to be released this week:
New Zealand imports, exports, trade balance, Australia new home sales, business inventories, Japan manufacturing PMI, China HSBC manufacturing PMI, Swiss manufacturing PMI, Italy manufacturing PMI, unemployment rate, France manufacturing PMI, Germany manufacturing PMI, EU manufacturing PMI, unemployment rate, UK manufacturing PMI, mortgage approvals, Canada current account, U.S. PCE, personal income, personal consumption, ISM manufacturing PMI and construction spending on Monday.
Australia building approvals, RBA rate decision, Swiss GDP, Germany retail sales, UK construction PMI, EU producer prices, Canada GDP, producer prices, U.S. redbook retail sales and ISM New York index on Tuesday.
Australia GDP, China HSBC services PMI, Italy services PMI, France services PMI, Germany services PMI, EU services PMI, retail sales, UK services PMI, Canada BoC rate decision, U.S. ADP employment and Fed beige book on Wednesday.
Australia exports, imports, trade balance, retail sales, France unemployment rate, Germany industrial orders, Italy GDP, UK BoE rate decision, EU ECB rate decision, Canada Ivey PMI and U.S. jobless claims and factory orders on Thursday.
Japan leading indicator, Germany industrial output, France exports, imports, budget balance, Swiss CPI, Italy producer prices, EU GDP, Canada building permits, exports, imports, trade balance, U.S. non-farm payrolls, private payrolls, average earnings, unemployment rate and international trade on Friday.