02Jul2015 Market Close: Markets Close In The Red, Bond Prices Up, WTI Oil Down, Have A Happy Weekend


Written by Gary

Major indexes closed in the red ahead of the U.S Holiday weekend as investors drove bond prices up in a bet that the Federal Reserve will be in no hurry to raise interest rates as wage growth stalls.

With opinion polls suggesting the vote on Greek austerity may be close, many investors are opting to ride out the storm and stick with their holdings of European stocks.

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What We Read Today 01 July 2015

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".).


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.

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 more features, analysis, studies, and news published in the last week

Greferendum Odyssey: EU Slams Door On Talks With Greece Till Sunday Referendum

International creditors have shut the door on talks with Athens until after Sunday's referendum - which is asking whether the country should accept or reject more austerity.

Infographic Of The Day: How The Historic First Spacewalk Worked

 On March 18, 1965, cosmonaut Alexei Leonov became the first person ever exit a space vehicle and take a so-called "spacewalk."

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Video of the Day:

International creditors have shut the door on talks with Athens until after Sunday's referendum - which is asking whether the country should accept or reject more austerity.

video of day picture

FOREX NEWS by DailyForex


Tomorrow, Friday, 3rd July, is a major public holiday in the U.S.A. This year, the 4th of July is effectively the 3rd of July, 2015. Find out how this affects Forex trading and when the markets will be closed here.

The Fall of the Euro—When?

Now that Greece has missed a repayment worth about 1.5 billion euros ($1.7 billion) that was due on Tuesday to the International Monetary Fund (IMF), all eyes are focused on the future of the euro and its impact in the international arena.

Eurozone’s PMI Fail to Lift Sentiment

In the wake of Greece’s default on a loan from the IMF, the common currency Euro has remained under broad sell pressure. Though investors were hopeful for a distraction, the latest economic releases failed to provide any material support.

Greek Poll Shows “NO” Ahead

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.

Will Greece Leave the Euro?

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 think about the current Greek crisis here.
 more investing, markets, precious metals & forex

02Jul2015 Market Update: Greek Debt Issue Still Weighing Heavily On Investors As Averages Sink Before Holiday Weekend, Today Is Not Going To End In The Green

 more opinion

Fixing the FX Market Fixers

Currency Trading and Manipulated Markets

Written by Brett Chatz, Intertrader

$5 Trillion a Day with Insider Trading?

The recent punitive measures taken against several multinational banks have drawn attention to price fixing in the currency markets.


 USA economy at a glance (boxed items are updates in last 7 days)

26 June 2015: ECRI's WLI Continues In Positive Territory Marginally Improving

ECRI's WLI Growth Index which had spent 28 weeks in negative territory - is now in its ninth week in positive territory and again marginally improved this week. ECRI also released its inflation index this week and is reported below.

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