- US, not bad.
Shares advanced. Strength came as markets viewed Friday's month employment report favourably - this showed stronger than expected job growth un June. Increased optimism of the economic outlook -> increased speculation that Fed will begin scaling back its 85bn a clip stimulus program.
Typical of Mondays in July and August, markets were still pretty thin. Decline in T-bills -> help of a boost in stocks as well (some rotation here).
Dell jumped after ISS - the largest US shareholder advisory firm - recommended that shareholders vote CEO Michael Dell's $24.4bn buyout - http://uk.reuters.com/article/2013/07/08/uk-dell-investors-idUKBRE9670HS20130708
- Europe rebounds; German production down; Agreement between Greece and Troika!
European markets were up, with FTSE 1.2% up, CAC 1.9% up, DAX 2.1%! and SMI 1.0% up.
Agreement reached between Greece and the Troika ahead of Eurozone finance ministers meeting in Vrussels. German industrial production for May declined more than expected, falling 1% MoM (the steepest since 10/2012) Expectations were at a 0.5% fall after a 2% rise in April. German trade surplus declined in May (sharp decline in imports, while imports increased!).
- APAC
Shares advanced. Strength came as markets viewed Friday's month employment report favourably - this showed stronger than expected job growth un June. Increased optimism of the economic outlook -> increased speculation that Fed will begin scaling back its 85bn a clip stimulus program.
Typical of Mondays in July and August, markets were still pretty thin. Decline in T-bills -> help of a boost in stocks as well (some rotation here).
Dell jumped after ISS - the largest US shareholder advisory firm - recommended that shareholders vote CEO Michael Dell's $24.4bn buyout - http://uk.reuters.com/article/2013/07/08/uk-dell-investors-idUKBRE9670HS20130708
- Europe rebounds; German production down; Agreement between Greece and Troika!
European markets were up, with FTSE 1.2% up, CAC 1.9% up, DAX 2.1%! and SMI 1.0% up.
Agreement reached between Greece and the Troika ahead of Eurozone finance ministers meeting in Vrussels. German industrial production for May declined more than expected, falling 1% MoM (the steepest since 10/2012) Expectations were at a 0.5% fall after a 2% rise in April. German trade surplus declined in May (sharp decline in imports, while imports increased!).
- APAC
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