from Felix Richter, Statista.com
by Niall McCarthy
Greece is on the brink of financial collapse after years of EU and IMF bailouts totalling somewhere in the region of euro 240 million.
Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary 'reading list' which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for 'reading list' items are gratefully reviewed, although sometimes space limits the number included.
This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).
BECOME A GEI MEMBER - IT's FREE!
Every day most of this column ("What We Read Today") is available only to GEI members.
To become a GEI Member simply subscribe to our FREE daily newsletter.
by Clive Emary, The Conversation
Light plays a vital role in our everyday lives and technologies based on light are all around us. So we might expect that our understanding of light is pretty settled. But scientists have just uncovered a new fundamental property of light that gives new insight into the 150-year-old classical theory of electromagnetism and which could lead to applications manipulating light at the nanoscale.
Infographic Of The Day: Integrated Payment System
Whether you operate a restaurant, coffee shop, retail store, or bar, an integrated payment system is crucial to your business’s future success.
FOREX NEWS by DailyForex
The results of the first opinion poll of Greek voters conducted since the weekend’s dramatic events was released this morning by the Efimerida ton Syntakton newspaper. The survey showed 54% voting “NO” and 33% voting “YES” with the remainder presumably undecided.
Opinion polls show that the Greek people want to remain within the Euro. It is probably also true that the Greek government desires to remain within the Euro. Find out what the expert traders at DailyForex.com think about the current Greek crisis here.
With the dramatic events of Friday and Saturday still being considered, the European Central Bank (ECB) met on Sunday and decided that it would not extend Emergency Liquidity Assistance (ELA) to the Greek central bank above its current level of €89 billion.
With d(default)-day right around the corner, Prime Minister Alex Tsipris believes he hasn’t lost the battle just yet. In a television interview several hours ago, Tsipris suggested that European leaders would not have the nerve to kick his country out of the eurozone membership and that the cost of their doing so would be “enormous.”
Last week saw the final trading session for the week, the month and the quarter from the perspective of these summaries. Much of that time has been pre-occupied with the Greek crisis which seems to have come to a head now.
01Jul2015 Market Close: Markets Close Solidly In The Green, Greece Remains In Default, WTI Oil Testing Key Support
by Michael Haltman
Is an economic red alert called for?
As the owner of a title insurance provider reliant on a healthy and vibrant U.S. economy that hopefully leads to the same in the real estate market, I am always searching for clues to provide me with indicators both for today and moving forward into the future!
Written by Gary
The SP500 closed up and above the 145 DMA, but showing signs of weakness that may send it down to test support again (2057), but probably more sideways and sea-sawing as news emanates out of Greece and the EU.
WTI oil dropped to a key support (mid 56) and is resting while the U.S. dollar has risen to the mid 69's.
The markets closed up nicely, mostly on manipulation and positive news (read rumors) from Greece, but not much will really known until this Sunday when the Greek referendum is voted on.
01Jul2015 Market Update: Markets Slip Off Morning Highs And Are Expected Fall Further Along With Fal
01Jul2015 Pre-Market Commentary: Greece Does About-Face And Accepts Bailout Deal Pushing U.S. Future
Written by Steven Hansen
The ISM Manufacturing survey continues to indicate manufacturing growth expansion - it again marginally improved this month. The key internal new orders modestly improved and remains in expansion. Backlog of orders returned to contraction.