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


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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,...

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