Prime Minister Alexis Tsipras accused Greece’s creditors on Tuesday of trying to “humiliate” Greece with more cuts as he faced up to warnings that Europe was preparing for his country to leave the euro. Because of concerns of investors about lack of progress in the negotiations between Greece and its creditors European stock markets fell for a third day in a row on Tuesday and hit their lowest level since February. German Chancellor Angela Merkel said it was unclear if a deal could be found when euro zone finance ministers meet on Thursday in Luxembourg.
UK inflation, as measured by Consumer Prices Index (CPI), rose to 0.1% in May, up from -0.1% in April. The biggest contribution to the rise came from transport, notably air fares, the Office for National Statistics said. Analysts pointed out the earlier timing of Easter in combination with low oil prices played a role in April’s dip into negative inflation. In May this fall has been reversed.
MSCI’s index of Asia-Pacific shares outside Japan gained 0.8 percent, moving away from a three-month low on Tuesday. The main reason was that Chinese stocks rallied by more than 2 percent from the day’s lows. While Chinese shares staged a comeback, the dollar stayed static as investors waited for indications from a Federal Reserve meeting on when U.S. interest rates are likely to rise.
The 6M Euribor remained unchanged at 0.05%. The 10Y Swap remained unchanged at 1.17%.
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