The Traderszone Network

Published in TZ Latest News 5 July, 2015 by The TZ Newswire Staff

Euro, stocks hit by Greek vote; China rebounds

Japan’s Nikkei (.N225) share index fell 1.4 percent while MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.5 percent. While the early price action was choppy across Asia, dealers emphasized that markets were orderly with no signs of financial strain and many assuming the European Central Bank would step in with a pledge of extra liquidity at some point. “A lot depends now on what the ECB does with liquidity support for the Greek banks,” said Antonin Jullier, head of equity trading strategy at Citi.