Monday, 6 July 2015

Financial Orbit wrap 06/07/15

Five sentences or graphics which sum up the Financial Orbit output over the last 24 hours across the website, twitter account and anything else thought about...

1. Greece - well what a day...ultimately no huge market moves but so much ongoing intrigue and debate.  I used my latest Yahoo Finance Contributors column (link here) to talk again about the rationale for a compromise deal...


2. Of course there are still issues...and hence reasons why a compromise is sensible.  The troubled Greek banking system is one of them...


...so kind of interesting to read later on today that:

The eurozone's central bankers have toughened the terms of its lifeline to the Greek banking system, raising the discounts — or haircuts — on the collateral Greek banks are swapping for their emergency funding.

3. Otherwise China remains highly volatile despite all the measures over the weekend...and as shown here the system's margin requirements are still troublesome: 


(h/t @EdVanDerWalt)

4. Crikey, it did not take long for corporate bond volumes to drop. 



 5. Thankfully roll on the results season later this week.  WD-40 and PepsiCo will be especial focuses for me.


(h/t @WrigleyTom)

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