Greek Saga: A Poor Hollywood Movie... | Global Markets Higher as ISM strong... | US Payrolls in Focus - Tonight |

Niv Dagan

Peak Asset Management

Good Morning, So… At around 8pm AEST last night, there were growing reports that a deal has been struck between Tsiparas and Creditors via a “leaked” letter… A few hours later, the Greek Prime Minister, made sure that he was “heard”, publicly hitting the TV airwaves in support of a “NO” vote for the upcoming referendum… This whole “Greek saga”, really feels like a very poorly produced Hollywood movie… Where is the popcorn? Global Markets don’t care anymore, and the US was up 138 points, as ISM manufacturing data was stronger than expected and leading into tonight’s important Payroll figures US Manufacturing Index – Chart Below In Australia, yesterday we were up 1.00%, following stronger reports from TGS, AZJ and a $9 Billion takeover bid for AIO, from our Canadian counterparts… Base metals were generally weak last night, with Crude Oil down 4.4%, following an unexpected rise in inventories… The SPI is pointing to a 12 point rise on open…

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Niv Dagan
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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