Greece Reaches Deal But... Nothing Has Been Signed... | Global Markets Rally ... | Banks in Favour |
Niv Dagan
Peak Asset Management
Good morning, Well apparently Greece has reached a deal…. We say “apparently” as no-one in the Eurozone has actually signed the deal and the Greek parliament hasn’t signed… The Greek “Bailout” also rests on Asset Sales… This has previously failed and Tsipras faces huge amount of “backlash” and even though the referendum voted “NO”, he is going against his word…. But global markets didn’t care last night (Dow + 217 points, European Markets + 2%, SPI up +90)….. In the US, Technology and consumer shares rose the most, with Google, Microsoft and Facebook up at least 2% Netflix and Amazon.com surged more than 2.7%. What's on today? Australia business confidence; US retail sales Stocks in focus • Banks are back in favour for investors after they were given a little breathing space by APRA • AMP Capital has retained an investment bank to explore options on how it can improve the performance of its China Growth Fund. • Deutsche Bank upgraded CSR to a "buy" recommendation The SPI is pointing to a 90 point rise this morning
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Prior to founding PEAK Asset Management, Niv headed up HC Securities, spent three years growing Halifax Investments capital markets division and also worked on the wholesale desk at Macquarie Bank, servicing a wide range of institutional, intermediary and offshore hedge funds. Niv takes an active approach in managing client funds and is a firm believer that adequate risk management is paramount in any good investment decision. Niv's work is largely focused on portfolio management, asset allocation, fixed income, managed funds, structured products and developing tailored strategies for the SMSF sector.
4 topics
1 stock mentioned
Niv Dagan
Executive Director
Peak Asset Management
Prior to founding PEAK Asset Management, Niv headed up HC Securities, spent three years growing Halifax Investments capital markets division and also worked on the wholesale desk at Macquarie Bank, servicing a wide range of institutional,...
Expertise
No areas of expertise
Niv Dagan
Executive Director
Peak Asset Management
Prior to founding PEAK Asset Management, Niv headed up HC Securities, spent three years growing Halifax Investments capital markets division and also worked on the wholesale desk at Macquarie Bank, servicing a wide range of institutional,...
Expertise
No areas of expertise
Comments
Comments
Sign In or Join Free to comment