1. Europe / Greece - Very thin Eurogroup statement overnight. “Within the framework of the Eurogroup agreement of 20 February 2015, the Greek authorities will have the ownership of the reforms and will present a full list of specific reforms in the next days” So basically kicked back to Greece to implement the reforms. Meanwhile Tsipras will make a much anticipated visit to Merkel in Berlin on Monday…all battling against history.
(Postscript: Greece is expected to send a complete list of economic reforms to its bailout monitors within the next seven to ten days. My view - good luck with getting full sign-off on this list from all its fellow Eurozone members. I still think a bond haircut/restructuring is the most likely end option).
2. Agriculture – makes me wonder if pressure on crop prices goes up…and maybe Deere is right with their call that 2015 is the trough
3. I use my latest Yahoo Finance Contributors column to discuss why it is time to be active using this excellent new piece of research:
4. I write up the Tiffany's numbers which came out earlier today...and where they blamed the strength of the US dollar for a dull outlook.
5. Have a good weekend...but not before we observe the impact of the Northern European solar eclipse on German power grid output (where solar was naturally heavily impacted):