The Traderszone Network

The latest on the fallout from the Greek referendum (all times local): __ 3:15 p.m. The Kremlin says Russian President Vladimir Putin received a phone call from Greek Prime Minister Alexis Tsipras, whose …

Struggling teen clothing retailer American Apparel Inc said it may need to raise more capital in the next 12 months as part of a new restructuring plan aimed at cutting costs. The company, which is being …

U.S. stock-index futures slid, signaling the Standard & Poor’s 500 Index will extend its steepest weekly drop since March, after Greek voters’ unexpectedly emphatic rejection of austerity measures raised the risk of a euro exit.

While the PBOC was literally everything in its power to keep the SHCOMP green (it was too late to save the Shenzhen, the Chinext or most Chinese stocks as the PBOC’s firepower was limited to just the largest companies), it forgot about that other proxy of overall Chinese health: copper which, as the chart below shows, plunged by 4% to the lowest price since February when the oil commodity crash left everyone speechless and was threatening to destroy the entire junk bond space.

read more

Treasury prices rise on Monday, pushing yields to their lowest levels since mid June, as the overwhelming win of the “no” vote in Sunday’s Greek referendum sparked a flight-to-quality rally in government bonds.
read more

BTIG has hired a pair of professionals to bolster its growing global portfolio and exchange traded fund (ETF) business. Also, Greenwich brings on a market structure analyst that is familiar to readers of Traders.

Given the way Yanis Varoufakis managed to irritate his fellow finance ministers, his resignation could clear the way for a more conciliatory approach from his replacement.
read more