Bids for safe-haven assets picked up on worries that Greece is edging toward debt default and pushed the dollar and Treasuries higher, while stocks retreated. Oil slipped on profit-booking and gold declined.
Nasdaq, SP500 and Dow positive in the YTD in USD, Most of all the Indexes in EU are positive except SPAIN and in ASIA as well in USD
Markets head into a quieter week in terms of data, so the biggest focus is likely to be the back and forth in the Greek debt crisis. Emergency weekend meetings might resolve the situation, but with some from the ECB warning that Greece may not open its banks on Monday, and also warning that officials won’t do anything to counter short-term volatility, the latest round of talks scheduled for Monday could create some potential volatility in markets.