• Global markets have recently been suffering under the weight of uncertainties surrounding Greece. Greece has held centre stage, but there are concerns about weakness in other European countries – particularly Portugal, Italy, Ireland and Spain.
• In contrast with the gloomy mood in Eurozone, across the Tasman there were several catalysts last week which support our call for a 25 basis point increase at Tuesday’s RBA Board meeting.
• The RBA isn’t the only Central Bank on the radar this week.  The Bank of Canada (BoC), Bank of England (BoE) and European Central Bank (ECB) all meet.  We expect no rate changes, but updates on the outlook from each will be closely scrutinised given present uncertainties.

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