News Headline Summary
Euro zone ministers and IMF reach deal that interest above financing costs on bilateral loans to Greece will fall to 50bps from 150bps once Greece reaches 4.5% primary surplus, according to a source
- Contribution to Greek debt reduction from ECB foregoing profits on its Greek bond portfolio to be EUR 11bln.
Reaction details (12:21)
- EUR/USD immediately moves higher by 7 pips from 1.2987 to 1.2994, before paring back in the accompanying 3 minutes.
Analysis details (12:21)
- Note, these comments are from sources so we still await any official commentary on the details regarding any Greek deal.
- As a guide last week we saw comments hit the wires at approx. 0330GMT.
27 Nov 2012 - 12:15
Subscribe Now to RANsquawk
Click here for a 1 week free trial
RANsquawk provides audio news and commentary for over 15,000
professional traders and brokers worldwide. Services include:
Real-time audio coverage from 0630 to 2200 London time plus Asia-Pac 2200 to 1000 London time
Teams of analysts covering equities, fixed income, FX and energy markets
Real-time scrolling news service with instant analysis
Daily and weekly pre-market research and calendars
Video updates covering near-term key risk events & primary trading themes
One-to-one chat with our expert analysts