Investment Markets Overview — W/E 10th July 2015

This Greek tragedy approaches its final act this weekend, as Prime Minister Alexis Tsipras submitted his latest proposals to the Troika ahead of a late Sunday meeting of the EU leaders to either agree or disagree. In sum, it would appear that the proposals include an agreement to tax-hikes and further pension reform, two of the main austerity measures that the Greek electorate voted against at last Sunday’s referendum. As a trade-off, the Syriza led coalition requires an additional 60BN bail-out plus revised terms on its existing debt load. These negations have long been political rather than economical and with the Germans having the most to lose, both politically and economically, of an exit for Greece, Frau Merkal will have her work cut-out to marshal support to an agreement, as the perception of her rhetoric has inferred just the opposite. Meanwhile, following a 3-week free-fall for the main stock-indices of China and Hong-Kong, forewarned incidentally within our “Twin Peaks” blog ahead of the rout, the indices saw back-to-back rally days as we approached the weekend. We have more to say on this within our ending paragraph.

10 July 2015

Subscribe to the Full Investment Markets Overview Newsletter which contains the following:-

Additional Commentaries:
•US economic data . . .
•Euro-Zone . . .
•The UK . . .
•Out East . . .
•The $US index . . .
•Within the commodities complex . . .
•Economic data due next week includes . . .

 Following the respective 32% and 20% three-week slide for the Shanghai Composite and the Hang Seng stock-indices, ……

Charts:
1.  Indices Weekly
2. US Initial Jobs Claims V US Jobs Openings
3. Greek GDP Contraction V Other PIIGS
4. Japan Money-Supply V Japan PPI
5. Commodity YTD  Moves

Table:

13 Indices, 11 columns of detailed information, for accurate analysis

“After a Bureaucracy Grows too Large, It Collapses.

Click Here to view Details of the full version of this Newsletter which includes full text and detailed

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