Friday, June 26, 2015

A four days of default, Greece still does not reach agreement – El Universal


 

 


 cartera@eluniversal.com.mx
 


 


 The Greek government yesterday rejected counterproposals from creditors just four days of the deadline, on Tuesday June 30, you have to pay 600 thousand million euros to the IMF, which extended losses on most stock markets and continue today to be the main trigger for risk aversion in the markets.
 


 


 After the Eurogroup emergency summit three hours, Jeroen Dijsselbloem, chairman of the meeting, said that there are still “significant differences with the Greek authorities.”
 


 


 However, he assured that “the door remains open for Greece to accept the proposals (of creditors),” and negotiations will continue on Saturday.
 


 


 Prime Minister of Greece, Alexis Tsipras, refused to comment, but his Finance Minister Yanis Varufakis, said participants at the meeting disagreed with both proposals as Hellenic with its creditors.
 


 


 The IMF, meanwhile, again threatened to revoke the grace period by 30 days in case of a default on 30 June.
 


 


 If a deal does not materialize this weekend, Greek banks would not open on Monday as the likelihood that the European Central Bank runs the daily emergency credit line that provides them, which orillaría Athens impose capital controls to prevent a massive withdrawal of deposits.
 


 


 Recall that any agreement will need the supported of the Greek lawmakers, followed by voting in several European parliaments.
 


 


 Disagreements extended losses in most equity markets. London’s FTSE dropped 0.54% 6000 808 integers and 0.07% Paris CAC 42 points to 5000, while the German DAX rose 0.02% to close at 11 000 473 units.
 


 


 On this side of the Atlantic, the New York Stock Exchange lost all its indexes. The Dow Jones fell 0.42% to 17 000 890 units, the S & P fell 0.30% to 2 000 102 points and the Nasdaq 0.20% to 5 000 112 integers.
 


 


 The main index of the Mexican Stock Exchange suffered its most severe downturn of the week, from 0.11%, to end at 45 000 377 units.
 


 


 At 8 pm, the INEGI will publish trade balance figures for May, which would result in a negative balance of $ 80 million, according to analysts.
 


 


 Also report on the unemployment rate in the same month.
 


 


 At 9 o’clock, the University of Michigan will release its final index of consumer sentiment in June.
 


 


 The dollar in Mexico slight variations presented yesterday, with Banamex maintaining its retail price at 15.80 pesos, while wholesale rose a cent.
 


 


  Loss oil. The oil market again suffered widespread losses, with the WTI contract down 57 cents, or 0.95%, to 59.70 a barrel, while the Mexican crude fell 83 cents to 55.58 per barrel , its lowest since June 8.
 

LikeTweet

No comments:

Post a Comment