FXStreet (Edinburgh) – Analyst Kristoffer Lomholt at Danske Bank noted the developments from Greece to remain a key catalyst.
Key Quotes
“Greece talks and negotiations still take centre stage in financial markets”.
“Last night Merkel met with IMF Managing Director Lagarde, France’s President Hollande, ECB Head Draghi and European Commission President Juncker in a hastily called gathering in Berlin amid mounting concerns”.
“Officials have stated that the purpose of the meeting was not to find a ‘take it or leave it’ proposal but to find a joint position on how to negotiate with Greece”.
“The talks ended after midnight and no official details have been released”.
“Merkel’s office did, however, put out a statement saying that the five leaders ‘agreed that work must now be continued with greater intensity’ and that ‘they have been in closest contact in recent days and want to remain so in the coming days, both among themselves and naturally also with the Greek Government.’
(Market News Provided by FXstreet)