Today’s chase will focus on the stories of the day (and remember the U.S. markets are closed for the July 4 weekend). We have Greece of course. Just two days to go and according to many reports only one billion in euro cash available for the beleaguered Greeks.
Welcome back. Yesterday’s bounce succinctly explained by Zack’s: ADP employment stronger, construction spending better and ISM Manufacturing better including forward looking new orders. Notice nothing about Greece
While markets are closed in the U.S., the futures are trading (negatively). The European markets (that are open) are down. Electronic markets for oil, natural gas and gold are also trading to the downside.
It’s Bank of Canada day. After the Reserve Bank of Australia two nights ago did not move the AUD rose. Our CAD rose on the GDP numbers yesterday which looked strong on the surface but were less so underneath.