6 Jul 2015
Greek referendum aftermath - Westpac
FXStreet (Guatemala) - Westpac Global Strategy Group noted the key events head that are taking place, not able in the aftermath of the Greek referendum.
Key Quotes:
"The ongoing reaction to the Greek referendum will continue to dominate markets with newswires to continue to report comments from IMF/EU/ECB officials. EC president Junker, Eurogroup president Dijsselbloem and ECB president Draghi will hold a conference call in the European morning and Germany’s Merkel and France’s Hollande will meet in Paris at 6:30pm local."
"The ECB Governing Council is also due to talk though weekend reports suggest that emergency funding for Greek banks will be maintained at its current level. Eurogroup and Euro Summit meetings will take place on Tuesday."
"German May factory orders will be released. US non-manufacturing ISM is expected to rise to 56.4 in Jun from 55.7 as the services industry remains robust despite the recent slowdown."
Key Quotes:
"The ongoing reaction to the Greek referendum will continue to dominate markets with newswires to continue to report comments from IMF/EU/ECB officials. EC president Junker, Eurogroup president Dijsselbloem and ECB president Draghi will hold a conference call in the European morning and Germany’s Merkel and France’s Hollande will meet in Paris at 6:30pm local."
"The ECB Governing Council is also due to talk though weekend reports suggest that emergency funding for Greek banks will be maintained at its current level. Eurogroup and Euro Summit meetings will take place on Tuesday."
"German May factory orders will be released. US non-manufacturing ISM is expected to rise to 56.4 in Jun from 55.7 as the services industry remains robust despite the recent slowdown."