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Jul 7, 2015 8:39 AM       Daily Market News   EN | DE

Crisis policies

Regardless the clear rejection of Greek voters in Sunday?s referendum, the European Union Commission said a compromise in the debt crisis is still possible. However, to start negotiations on a new aid program for Greece, it needs an official request by the Eurogroup finance ministers, which will meet later today.

From: LGT Navigator Abo

Jul 6, 2015 8:43 AM       Daily Market News   EN | DE

Greece shouts a clear «No»

With the historic victory in the referendum, the Greek people have given their government support and voted clearly against the creditors? reform and austerity demands. In a first reaction, the European Central Bank (ECB) will have to decide quickly, if it is willing to extend its emergency aid for Greek banks or risk a wave of bankruptcies.

From: LGT Navigator Abo

Jul 3, 2015 8:57 AM       Daily Market News   EN | DE

Elevated volatility in Asia

The Shanghai Composite Index experienced a nervous trading this morning with losses in the first trading hours of up to -7%. These could partially be erased in the later session. The one-day earlier release of the US labor market report (due to the national holiday tomorrow) showed continued solid US employment growth. In the Greek drama, the government in Athens aims to reach a new debt deal after Sunday?s referendum. Meanwhile, Greek finance minister Varoufakis said he would resign if the Greek vote endorses austerity.

From: LGT Navigator Abo

Jul 2, 2015 8:47 AM       Daily Market News   EN | DE

Tsipras turnaround bid rejected

Greek prime minister Alexis Tsipras signaled that he is prepared to compromise on the creditor group?s reform demands in a bid to revive negotiations. However, Brussels and also Berlin refused to engage in new talks on a new bailout until the Greek referendum on Sunday. Meanwhile, European stock exchanges recovered from the initial shock and posted healthy gains, still bedding on a ?five-minutes-after-twelve-solution? in the Greek debt drama.

From: LGT Navigator Abo

Jul 1, 2015 8:11 AM       Weekly Market Comment  EN | DE

LGT Beacon: Greece opens final act of debt drama

Last Friday, Athens unexpectedly called for a snap referendum on a proposed deal with its creditors. The decision effectively disrupted the ongoing talks, killed the hitherto bailout framework, and put Greece in arrears with an International Monetary Fund loan. Events are coming thick and fast: they could lead to the country crashing out of the euro, bring down its recently-elected government, and/or pave the way for a new, and more workable support program.

From: LGT Beacon Abo