Hang Seng posted three days of expansion reaching again 25000. Wall Street jumped and the euro rallied on optimism that Greece would be able to secure fresh funding at an upcoming weekend meeting, while Treasuries plummeted. Gold traded higher, but pared earlier gains as the Fed signaled a rate hike in this year and
Wall Street bounced back from sharp losses as Beijing halted a rout in Chinese stocks, while Treasuries plunged. The yen and Swiss franc snapped gains as investors bet on riskier assets. Oil rebounded on uncertainties over Iran nuclear deal and spot gold advanced. The positive note is that 2034 still a valid support for the
“If market conditions do not stabilize, we expect a statement of ‘whatever it takes’ from the Chinese government, given that social stability is at stake and financial systemic risks are evident.” Â This is good stock performance in the short term however this is not how the market show ideally operate. The SPX open with a
The bears will move again soon. Three days with higher highs. On the other hand today stocks retreated after the IMF warned Greece may need a large debt write-off. The dollar slipped on tepid U.S. jobs data, signaling a delay in the Fed rate hike, while Treasuries rose. Crude declined as the U.S. oil rig
Not adding extra hedges to the portfolio now seems like it was the right decision. On the other hard the Jun performance was affected. After the confirmation of Greece not paying the FMI the world markets are taking a step forwards recovering the losses from Monday. The question now is: will it last? We will