1215 GMT: The Swiss EconMin has said the Swiss Franc is overvalued and will have to weaken in time. The Swiss government still sees growth of 0.5% in 2012. Elsewhere, Portugal's EconMin has said an exit from the Euro is "out of the question."
1045 GMT:Greek officials are reiterating that there is no concern of a delay to the second Greek loan package. Greece to is to accept stepped up loan oversight. Meanwhile, Spanish and French bond yields have narrowed from last month; Spain has now sold 345 of its gross 2012 funding programme. The Spanish EconMin said the results show renewed market confidence in Spain.
1000 GMT: Tension regarding the US's contrversial Volcker Rule is heating up, with EU's Barnier saying the rule could harm EU banks. Meanwhile, the Greek government is apparently hoping to clinch a new debt deal this Monday, according to a government spokesman. Meanwhile, the ECB Q1 Survey of professional forecasters sees Eurozone 2012 inflation rising 1.9% from 1.8% in Q4 2011.
0730 GMT: The European session kicks off today after the Euro recently broke under key support at 1.3020. The single currency could be poised for a fresh downward extension. The Asian session saw a better than expected Aussie unemployment reading with the rate falling to 5.1%, better than the 5.3% expected. Judging by this information, the likelihood of a rate cut next month appears to have diminished. Meanwhile, the Greek FinMin has stated Greece has met all of the Troika's requirements for a second bailout package, and has accused certain EZ members of wanting Greece out of the uion. Not shockingly, Dutch FinMin De Jager has counutered with a statement saying Greece has not in fact met all conditions. More to follow.
