Market Focus: Saudi ends Yemen bombing, No bailout in sight for Greece – Blueprint Capital

FXStreet (Barcelona) - The Blueprint Capital FX Team, gives the roundup of key happenings in the market – The end to Yemen bombing and the Greek bailout scenario.

Key Quotes

“Saudi Arabia ends Yemen bombing. The Saudi defence ministry announced the end of its three-week campaign against Houthi rebels, saying it had achieved its targets and removed any direct threat to the kingdom. The bombing campaign has definitely put the Houthis on the back foot, but it is yet to bring them to the negotiating table, and has drawn criticism for causing a humanitarian crisis.”

“No bailout in sight. According to press reports, the likelihood of a deal being reached for the Greek government to be granted extra bailout cash is unlikely to be agreed this Friday when finance ministers meet in Riga.”

“Jean-Claude Juncker has also dismissed the idea, stating ‘We are absolutely not satisfied with the course of talks so far’.”

“Adding fuel to the fire, Alexis Tsipras yesterday met with Alexey Miller, deputy chairman of Russian Gazprom, which fuelled speculation of a deal between Moscow and Athens (again) that would see Greece cash in on a new pipeline.”