Denne informasjonen er utarbeidet av IG, forretningsnavnet til IG Markets Limited. I tillegg til disclaimeren nedenfor, inneholder ikke denne siden oversikt over kurser, eller tilbud om, eller oppfordring til, en transaksjon i noe finansielt instrument. IG påtar seg intet ansvar for handlinger basert på disse kommentarene og for eventuelle konsekvenser som et resultat av dette. Ingen garanti gis for nøyaktigheten eller fullstendigheten av denne informasjonen. Personer som handler ut i fra denne informasjonen gjør det på egen risiko. Forskning gitt her tar ikke hensyn til spesifikke investeringsmål, finansiell situasjon og behov som angår den enkelte person som mottar dette. Denne informasjonen er ikke utarbeidet i samsvar med regelverket for investeringsanalyser, så derfor er denne informasjonen ansett å være markedsføringsmateriale. Selv om vi ikke er hindret i å handle i forkant av våre anbefalinger, ønsker vi ikke å dra nytte av dem før de blir levert til våre kunder. Se fullstendig disclaimer og kvartalsvis oppsummering.
The Greek populace must be feeling even more shell-shocked than last week as they have woken up to Syriza having had its bluff called, folding to a series of harsh demands. Patience towards Greece and its aggressive haggling tactics has been eroded over the past few weeks, and a number of measures were subsequently added to the criteria that the country will need to meet. These new measures have led the markets to ask themselves just how few friends Greece currently has – or probably more likely, how few nations are willing to stand up to Germany. The early morning relief rally has weakened as once again the realisation that the Greek parliament has yet to ratify the deal sinks in.
Investors, meanwhile, remember that making assumptions about Greek politics has been a particularly precarious game of late.
From the sublime to the ridiculous, traders have watched with morbid curiosity as Chinese regulators have imposed draconian measures to ensure that the Shenzhen index stops falling. A combination of banning short-selling and the threat of jail time for those found to be flaunting this has seen few traders looking to do anything other than invest.
With the goings on in both China and Europe, US markets have found themselves in the unique position of being viewed as a calm pool of sanity by global investors, who are left wondering what is coming next. With all the chaos outside the US it is hard to believe that this week’s testimony from Fed chair Janet Yellen will be any different from the holding pattern seen in previous appearances.
Regardless of other regions, US investors could well be tempted back into the US equity market as earnings season cranks up. The bar for the latest corporate reporting period has been set at particularly low levels, almost ensuring a steady flow of expectation-beating figures throughout the coming weeks.