Dow -0.60% S&P -0.46% Nasdaq -0.42% Russell -0.31% VIX 15.39 (+11.68%)
US Market closed lower, below 100d MA, Greece is still main catalyst for pushing sentiment down. Equities held near their afternoon levels after Germany's Suddeutsche Zeitung reported that Eurozone officials have agreed on a plan B in the event Greece is unable to come to terms with its creditors. According to the report, a special summit will be held on Friday night if this week passes without a deal. Furthermore, it is expected that capital controls will be imposed, but enforcement of those measures would be in the hands of the Greek parliament. countercyclical side looked a little better with the health care sector (+0.03%) eking out a slim gain. The utilities sector (-0.2%) finished ahead of the broader market while telecom services (-0.6%) and consumer staples (-0.7%) underperformed. Volume were inline with average @ 715mil shares. US After Hours GPS +1.0%, LAKE +0.5%, CPST -14.4%, PFIE -12.3% following earnings/guidance Asia equity markets are generally lower with the exception of Australia, as headwinds from Greek uncertainty and selloff on Wall St going into Wednesday's FOMC weighed on sentiment. China markets were hit particularly hard, falling as much as 2.5% in the morning session before paring some of those losses by midday break. Ongoing clampdown on margin trading activity along with another active week of IPO issuance are widely attributed to renewed pressure on the mainland and the swoon in Shanghai Composite to 1-week lows. In Europe, Germany's Bild cited comments from Greek Fin Min Varoufakis who said Athens does not intend to present a new list of reform proposals at the upcoming Eurogroup meeting on Thursday. This is in line with the hardline stance taken by Syriza politicians expressed over the weekend, and the subsequent downside in EUR/USD on those comments was marginal. For the session, EUR/USD traded in a 20pip range above $1.1260.
Nikkei -0.53% Hang Seng -0.59% Shanghai -2.09%
Eur$ 1.1278 JPY 123.57 GBP 1.5610 EURCHF 1.0484 RUB $54.5175 WTI $60.17 (+1.09%)
S&P -0.14% EuroStoxx-0.23% Dax-0.16% SMI-0.35%
Macro :
- Greece Won’t Present New Proposal to Eurogroup to Unlock Aid
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