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Glencore Sparks Crisis Fears

It was not a good day for global markets yesterday. Risk aversion was the main theme, as Glencore’s share’s crashed by almost 30% in the London session. The commodity giant’s suffering led to a large risk-off move, with investors starting to think that what began looking like a market...

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Morning Report

The market was hoping for more from Mario Draghi yesterday, but the head of the ECB didn’t deliver. Expectations were for a bolstering of an already pretty hefty QE stimulus package, increasing the monthly amounts and expanding the range of assets. Mr Draghi, perhaps buoyed by decent PMI numbers...

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An update to the Investment Outlook 2015 from Zurich Investment

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Morning News

“A chronic lack of demand, impaired corporate and bank balance sheets and weak productivity continue to hold back employment and investment ” according to the IMF. Their annual health-check of Europe made for fairly uninspiring reading, with little in the way of positivity and quite a lot around...

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Weekend Summary & The Week Ahead

Sterling suffered it’s worst week of trading since may last week, as worse than expected U.K. data combined with some short term memory loss over Greece to help push the Pound lower and the euro higher. Despite the Bank of England’s recent rhetoric of a ‘more balanced’ argument for...

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Morning News

European stock markets took a stride forward yesterday, as confidence grows that Greece will get a deal done. Last night Athens submitted its revised proposals to creditors, who will review the submission on Sunday. In the meantime the Greek parliament will get to review the submission today which, given...

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Default Looms For IMF

“The EU treaties make no provision for euro exit and we refuse to accept it. Our membership is not negotiable”. Yannis Varoufakis speaking to the Telegraph yesterday made it quite clear that even if his country votes not to go down the austerity path, their place in the euro...

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Get agreement to the Greek (debt)

Reports suggest that Greece are doing their homework ahead of today’s European summit. Following a call between Tsipras, Merkel and Hollande yesterday, Greek negotiators were talking with institutions into the early hours of this morning. What we think we’re going to get is a six month extension based on...

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Sunday Papers

Sunday Independent The 22.5% stake that AIB sold in US lender M and T Bank and Polish Bank for €4.4bn is now worth €9.7bn. The Indo lead with this which is after the benefit of hind sight. They never said at the time it was a poor price as...

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Sunday paper overview from Valero Financial

Sunday Indo Bernard Byrne, current Director of Retail and Business banking in AIB is apparently leading the race to succeed David Duffy. Mark Bourke (CFO) and Fergus Murphy (Director of Corporate and institutional banking) are other suggested replacements. Ciaran Murray, CEO of pharmaceutical researcher ICON was the highest paid...

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