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Greece's Central Bank Head To Resign - Reuters

FXStreet (Mumbai) - National Bank of Greece Chairman George Zannias and Chief Executive Officer Alexandros Tourkoliasplan to step down from their positions in Greece's central bank in the next few days, CEO Tourkolias said on Sunday.

"The chairman Mr Zannias and I plan to start the procedure (to depart from our posts) in the next few days, Tourkolias told Reuters.

The decision came exactly two weeks after leftist Syriza party led by current Greek Prime Minister Alexis Tsipras won general elections and proceeded to form a coalition government.

Bunds risks further weakness in the near-term – Commerzbank

Karen Jones, Head of Technical Analysis at Commerzbank, views that Bunds might weaken further in the near-term, as it eases back from 159.96 levels, the top of its 7-year channel.
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China sees a big decline in imports – TradeTheNews

The TradeTheNews Team reviews today’s China’s trade data release, noting that the record-high surplus was mainly as a result of the sharp decline in imports.
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