by Bill McBride on 4/19/2015 08:24:00 PM
Sunday, April 19, 2015
From the NY Times: Greece Flashes Warning Signals About Its Debt
By the standards of his frenzied schedule here last week, the meeting on Friday between Yanis Varoufakis, the Greek finance minister, and Lee C. Buchheit, the dean of international debt lawyers, was a quiet one.Monday:
But the get-together with Mr. Buchheit carried critical meaning, according to experts here. After all, it was Mr. Buchheit who helped broker Greece’s most recent debt refinancing, in 2012.
Unless the creditors agree soon to release the next allotment of bailout money, Greece could have trouble making a $763 million payment to the I.M.F. on May 12. It almost certainly would not be able to meet the €11 billion in payments to the European Central Bank in June and July.
• 8:30 AM ET: Chicago Fed National Activity Index for March. This is a composite index of other data.
• Schedule for Week of April 19, 2015
• Existing Home Sales: Lawler vs. the Consensus
From CNBC: Pre-Market Data and Bloomberg futures: currently S&P futures are up slightly and DOW futures are up 25 (fair value).
Oil prices were up sharply over the last week with WTI futures at $56.09 per barrel and Brent at $63.45 per barrel. A year ago, WTI was at $104, and Brent was at $107 - so prices are down over 40% year-over-year.
Below is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are up to $2.46 per gallon (down about $1.20 per gallon from a year ago).
If you click on "show crude oil prices", the graph displays oil prices for WTI, not Brent; gasoline prices in most of the U.S. are impacted more by Brent prices.
|Orange County Historical Gas Price Charts Provided by GasBuddy.com|
Posted by Bill McBride on 4/19/2015 08:24:00 PM