Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

SNB Determined To Shake Up Markets

ByThe National Bank of Canada
Published 01/27/2015, 09:10 AM
Updated 05/14/2017, 06:45 AM

The election of the Syriza party in Greece on Sunday after promising to restructure the country's sovereign debt continues to be a hot topic, as pundits wonder what other EU member nations are prepared to accept. True to its nature, Germany has given us a hint through its finance minister, who stated that the situation in Greece was not a result of decisions by the EU, but rather decades of failure on the part of Greek officials. In short, although the EUR appears to have stabilized for the moment, it's highly likely that negotiations will be heated.Also in Europe, the Swiss National Bank appears determined to shake up markets, stating this morning that there were limits on how far it would let the franc rise. Threats that it would take action again in order to weaken the country's currency had some measure of success in bringing it down against the euro.Closer to home, Canadian Finance Minister Joe Oliver stated that he intends to balance the budget despite the current context. In his opinion, Canada will be one of the G7's standout performers. Range of the day: 1.2420 - 1.2550

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.