Dow+0.13 S&P +0.27% Nasdaq +0.57% Russell
US Market Closed Higher, but still down 2.1% on the month. Index climbed to a fresh high during afternoon action with the move taking place amid reports Greece could cancel its Sunday referendum if negotiations are resumed and an agreement could be reached on required prior actions. To that point, Eurogroup Chief Jeroen Dijsselbloem acknowledged the receipt of a new proposal from the Greek government with the offer set to be reviewed at today's Eurogroup meeting (11:30).Seven sectors settled in the green with energy (+0.6%) and consumer discretionary (+0.5%) showing relative strength throughout the day. The energy sector rallied behind crude oil, which climbed 1.9% to $59.44/bbl. Despite today's outperformance, the energy sector still lost 3.6% for the month. volume was heavier than average as quarter-end flows contributed to the increased activity with more than a billion shares traded. Asian trading session is also seeing some cautiously renewed optimism. Investors await further clarity on the Greek situation, the latest US jobs reports, and signs that Beijing was successful in putting the floor under the plummeting A-share market. In China, Shanghai Composite opened notably lower but returned to near-unchanged levels heading into midday break. Local press reports special entities affiliated with top state-run financials put a bid under yesterday's drop, even as other analysts noted another liquidity injection and a more carefully managed approach on China IPO pipeline. Typically high-profile June PMIs were largely a non-factor. World Bank reaffirmed the country's 2015 GDP target at 7.1% and 2016 at 7.0%, but warned of the headwinds on consumption from the recent market volatility. End of the month PMI releases in Asia were otherwise also mixed. Japan final figure returned to marginal expansion of 50.1 from contraction of 49.9 prelim. Fed's non-voting hawk Bullard remarked the Greek situation is not likely to weigh on US markets, calling for higher rates to prevent the rise of asset bubbles. Bullard added Sept liftoff is "very much in play", though a move in July cannot be discounted either....Sony +1.8% after yesterday plunge on share sale
Nikkei +0.46% Hang Seng +1.09% Shanghai -1.01%
Eur$ 1.1126 JPY 122.67 GBP 1.5692 EURCHF 1.0412 RUB $55.60 WTI $58.68 (-1.33%)
S&P +0.51% EuroStoxx +0.64% Dax+0.60% SMI -0.22%
Macro :
- ‘No’ Vote Leads in Poll for Greece’s Efsyn Newspaper
- Greece Will Vote ‘Yes’ in Referendum, Say 59% in Citi FX Poll
- Greece Cut to CC by DBRS; Rating Under Review Negative
- Greece’s Ratings Cut to CC From CCC by Fitch
- HSBC China June Manufacturing PMI 49.4; Est. 49.6
- China Manufacturing PMI at 50.2 for June; Est. 50.4
- Eurogroup Teleconference Wednesday 11:30 a.m.: Dijsselbloem
Keep an eye on :
- CON GY : Continental AG Raised to Baa1 by Moody’s, Outlook Stable
- DAI GY : Mercedes-Benz Says Its Diesel Vehicles Can Use B10 Palm Biofuel
- ANN GY : Deutsche Annington Completes Capital Increase of ~EU2.25b
- EXO IM : Exor to Hold Investor Meeting July 7 at 9am in New York
- GSZ FP : Engie Buys Solairedirect, Becomes France’s No. 1 Solar Producer
- M5Z GY : Manz Cuts FY Sales Forecast on Canceled Order
- NOVN VX : Novartis Gets European Lens-System Approval for Cataract Patient
- OSR GY : Osram in Talks W/ Potential Buyers on Selling Lamps Unit: Rtrs
- PNDORA DC : Pandora Want to Make German Market as Big as U.K.: Borsen
- SAN SM : Santander, Cerberus Didn’t Submit Bids For Novo Banco: Expresso
- VIV FP : Vivendi Finalizes Acquisition of Dailymotion