Asian stocks tracked their U.S. peers higher on Thursday, but lingering uncertainty over Greece’s debt situation may cap gains. Less than 24 hours after he wrote a conciliatory letter to creditors asking for a new bailout, Greek Prime Minister Alexis Tsipras delivered a combative speech on local television, urging Greeks to vote “no” at the referendum on July 5.
The remarks come a day after the cash-strapped nation became the first advanced economy to default on debt to the International Monetary Fund (IMF).
Overnight, U.S. stocks finished higher, with the help of better-than-expected economic data. The Dow Jones Industrial Average and S&P 500 gained 0.79 and 0.69 percent, respectively, while the tech-heavy Nasdaq closed up 0.53 percent.
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GBP/USD retreats to 1.2500 on renewed USD strength
GBP/USD lost its traction and turned negative on the day near 1.2500. Following the stronger-than-expected PCE inflation readings from the US, the USD stays resilient and makes it difficult for the pair to gather recovery momentum.
Gold struggles to hold above $2,350 following US inflation
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Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium
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Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too
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