Global Markets:
- Asian stock markets: Nikkei down 1.60 %, Shanghai Composite gained 2.60 %, Hang Seng fell 3.15 %, ASX declined 1.25 %
- Commodities: Gold at $1167 (-0.05 %), Silver at $15.57 (-0.55 %), WTI Oil at $54.95 (-1.00 %), Brent Oil at $59.75 (-1.35 %)
- Rates: US 10 year yield at 2.28, UK 10 year yield at 2.00, German 10 year yield at 0.79
News & Data:
- Euro, stocks hit by Greek vote; China bounces after rescue moves – RTRS
- Final count in Greek vote = "No" 61.3%, "Yes" 38.7%
- Eurogroup's Djisselbloem says the Greek referendum result is disappointing for future of Greece; difficult measures & reforms are inevitable
- Australia MI Inflation Gauge 0.1 % m/m, Previous: 0.3 %
- BoJ Governor Kuroda: BOJ will maintain QQE for as long as needed to achieve 2% inflation in stable manner
- BoJ Governor Kuroda: CPI likely to be around 0% for the time being; BoJ easing is working
- BoJ Governor Kuroda: Japan economy has continued to recover moderately, will do so in future
- Ex-PBOC adviser Yu Yong Ding says China deflation risk is mounting in China
Markets Update:
The Euro gapped lower after the Greeks voted against the bailout terms set by the IMF, ECB and European Commission. A Greek exit from the Euro Zone seems increasingly likely, as the creditors are unlikely to soften their terms. While the reaction in the Euro has been rather mixed so far, equity markets globally are likely to suffer. Asia-Pacific indices are already in the red and traders are now waiting for the EU equities open at 08:00 UK time.
Upcoming Events:
- 08:15 BST – Swiss CPI
- 14:45 BST – US Services PMI
- 15:00 BST – US ISM Non-Manufacturing PMI
- 15:00 BST – Canadian Ivey PMI
The Week Ahead (Key Data & Events):
Tuesday, July 07th
- 05:30 BST – RBA Interest Rate Decision
- 06:45 BST – Swiss Unemployment Rate
- 07:00 BST – German Industrial Production
- 09:30 BST – UK Industrial Production
- 09:30 BST – UK Manufacturing Production
- 13:30 BST – US Trade Balance
- 13:30 BST – Canadian Trade Balance
- 15:00 BST – UK NIESR GDP Estimate
- 15:00 BST – US JOLTs Job Openings
Wednesday, July 08th
- 00:50 BST – Japanese Current Account
- 13:30 BST – Canadian Building Permits
- 19:00 BST – FOMC Meeting Minutes
Thursday, July 09th
- 02:30 BST – Australian Employment Change
- 02:30 BST – Australian Unemployment Rate
- 02:30 BST – Chinese CPI
- 02:30 BST – Chinese PPI
- 07:00 BST – German Trade Balance
- 12:00 BST – Bank of England Interest Rate Decision
- 13:15 BST – Canadian Housing Starts
- 13:30 BST – US Initial Jobless Claims
Friday, July 10th
- 09:30 BST – UK Trade Balance
- 13:30 BST – Canadian Unemployment Rate
- 13:30 BST – Canadian Employment Change
