Dow+1.22% S&P+1.10% Nasdaq+1.48% Russell+1.06% VIX @ 14.05 (-16.52%)
US Market closed higher on Greek news & China perf. S&P closed just below its 50d MA(2,100). Global risk assets surged in reaction to the developments while outflows from the Treasury market weighed on the 10-yr note, sending its yield higher by three basis points to 2.43% after testing the 2.47% level in the early morning. Global risk assets surged in reaction to the developments while outflows from the Treasury market weighed on the 10-yr note, sending its yield higher by three basis points to 2.43% after testing the 2.47% level in the early morning. Global risk assets surged in reaction to the developments while outflows from the Treasury market weighed on the 10-yr note, sending its yield higher by three basis points to 2.43% after testing the 2.47% level in the early morning. Volume were in line with average at 730mil shares. Micron (MU US) Tsinghua Unigroup said to offer $23B or $21/shr for Micron-->+19.25% Premium vs yest. closed, this would be the largest US Takeover by a chinese company...US After HoursNEPT +14.6%, SLP +9.1%, OZRK +1.1%, NAVI -12.9%, AXS -4.0%, XYL -1.3% following earnings/guidance...Asian equity markets are tracking another big days of gains on Wall St, as worries over Grexit and China stocks slump recede. Skeptics do note that there are unresolved issues in both cases. In Greece, there are still many moving parts - namely whether the govt will be able to push through deeply unpopular reforms and whether it can even survive in its current form. China markets are slowly returning to life, even though Shanghai Composite is underperforming today. Over 200 more A-shares resumed trade with the total number of halts now at 785 - down from1,045 yesterday - resulting in more mixed sentiment. Traders are also awaiting tomorrow's GDP, industrial output, and particularly retail sales for evidence of the slump in "wealth effect" due to the recent selloff...WTI crude pushed lower by nearly 1% in electronic hours below $52/brl after fresh reports that Iran nuclear deal could be announced as early as Tuesday morning. According to one report, the draft resolution calls for UN access to Iran sites, including military ones. Report adds that if accepted, the deal could be formally adopted next month and exports of Iranian oil could resume by next year.
Nikkei +1.25% Hang Seng-0.89% Shanghai-1.24%
Eur$ 1.0999 JPY 123.27 GBP 1.5476 EURCHF 1.0457 RUB $56.6582 WTI $51.49 (-1.36%)
S&P -0.07% EuroStoxx+0.12% Dax+0.12% SMI+0.14%
Macro :
- Tsipras Govt Weighs Resigning After Wed Parliament Vote: Bild
- Schaeuble Proposes Debt Certificates for Greece: Handelsblatt
- IMF Says Greece Misses 456 Million Euro Payment Due Monday
Keep an eye on :
- AAL LN : Anglo American three Chilean copper mines eyed by former Kinross CEO
- BCP PL : Banco Comercial Says EDP Maintains a Stake of More Than 2%
- BT/A LN : BT Group Outlook to Positive From Stable by S&P; Rating Affirmed
- ERICB SS : Ericsson Ordered to Put TCL Patent Claims on Hold for Now
- FCC SM : FCC CEO Juan Bejar Ochoa to step down; Board begins search for replacement
- GENL LN : Hayward open to 'interesting offers' for Genel Energy
- GFJ NO : Gjensidige 2Q Net Income Beats Est., Reiterates Finl Targets
- GRI LN : Grainger eyed by potential bidder taking advice from Deutsche Bank
- El Cprte Ingles : El Corte Ingles sells 10% stake to Sheikh Hamad Bin Jassim Bin Jaber Al Thani for EUR 1bn
- EVK GY : CVC Completes Sale of 15m Evonik Shrs at EU34.60/Shr
- KNIN VX : Kuehne & Nagel 2Q Sales Miss Est., Sees 2015 Ebit Margin of 5%
- LISP SW : Lindt & Sprungli 1H Rev. CHF1.41b; CHF1.42b; Sticks to Outlook
- PNL NA : PostNL Offers Employment to Independent Parcel Deliverers
- SEBA SS : SEB 2Q Net Income Beats Est.; NII Misses
- SHP LN : Shire to Deepen Push Into Biotechnology Amid Unit Cuts: WSJ
- SIE GY : Siemens Doubled China R&D Investment in Last Decade, Co. Says