traders tentative ahead of greek referendum
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Traders tentative ahead of Greek referendum

Arab Today, arab today

Arab Today, arab today Traders tentative ahead of Greek referendum

Wall Street
Brussels - MENA

Equity, fixed income and forex markets are struggling to establish clear trends as caution prevails ahead of the Greek “cash for reforms” referendum on Sunday.

Wall Street’s closure for Independence Day is removing a crucial source of momentum, though yet again Chinese stocks are an outlier, with investors suffering another extremely volatile and ultimately miserable session.

The FTSE Eurofirst 300, a pan-European stock index, is down 0.3 per cent and that nervousness is showing in demand for havens, with German benchmark 10-year Bund yields easing 2 basis points to 0.83 per cent. Yet the euro is adding 8 pips to $1.1091, Financial Times reported.

Base metal prices are mildly mixed and Brent crude is off 40 cents to $61.67 a barrel.

Gold is up just $3 at $1,167 an ounce, and sits only $35 or so above fresh five-year lows. The bullion has not benefited from any flight to safety related to worries over Greece, with the recently stronger dollar and the prospect of higher US borrowing costs.

That said, US 2-year government bond yields, which are highly sensitive to monetary policy, fell 6 basis points to 0.63 per cent on Thursday, following slightly softer than expected jobs data, which some analysts believe calls into question the likelihood of the Federal Reserve raising interest rates in September.

The US bond market is also closed on Friday but the jobs news is still weighing on the buck — a bit — with the dollar index inching 0.1 per cent lower to 96.03.

The reluctance to make bold bets in the current session was also evident in parts of Asia, exemplified by Japan’s Nikkei 225 stock average adding less than 0.1 per cent.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

traders tentative ahead of greek referendum traders tentative ahead of greek referendum

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

traders tentative ahead of greek referendum traders tentative ahead of greek referendum

 



GMT 23:17 2016 Wednesday ,23 November

Egyptian women's football team defeats Zimbabwe 1-0

GMT 02:33 2017 Tuesday ,26 September

US will go to Pyeongchang, confident in security, safety

GMT 17:39 2016 Sunday ,16 October

Wrong intel ‘led to Sanaa strike’

GMT 08:24 2016 Thursday ,31 March

Argentine Senate to vote

GMT 05:12 2017 Wednesday ,22 March

EU deplores ‘surreal’ stand by US on world trade

GMT 10:22 2017 Wednesday ,18 October

Britain's MI5 says running over 500 terror probes

GMT 14:36 2017 Saturday ,19 August

Queen of Soul Aretha Franklin moving back

GMT 19:33 2016 Wednesday ,10 August

BMW Korea to Recall Nearly 12,000 Cars in South Korea

GMT 21:52 2017 Thursday ,27 July

Sara Malocco PR handles Giovanni Raspini

GMT 13:48 2017 Sunday ,15 October

Bahrain to host eCommerce Forum/Exhibition 2017

GMT 18:50 2017 Monday ,01 May

Ukraine clings to nuclear power

GMT 14:45 2017 Tuesday ,28 November

Kids the bait in football shark pool
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday