Good Afternoon, The share market opened lower due to Greece again, after Wall street rallied by 200+ points… XJO closed 18 points lower today, as miners dragged the index lower … This is beginning to sound like a soap opera.. The latest twist in the Greek debt saga is that eurozone leaders presented Athens with a long laundry list of reform demands. Talks are continuing late in the night but during the day eurozone leaders told near-bankrupt Greece at their emergency summit it must enact key reforms by Wednesday to restore trust before they will open talks on a financial rescue to keep it in the European currency area. An interesting chart to look at is set out below... Global defaults in Context... We believe that a deal will be sorted in the next 24 hours.. so get set to buy equities...



Comments

Please sign in to comment on this wire.