Overnightstocks have bounced from their lows but still remain in negative territory asthe leader of the Greek Coalition for Radical Left, Alexis Tsipras, explainedto the world that he considers the Greek bailout agreement to be null and voidand needs to be abandoned.
The Dow Index(see above chart) continued down logging a five day losing streak while hittinga two month low, falling 76.44 point to close at 12,932.09 while the S&P500 traded down 5.86 points to end at 1,363.72. Earlier in the session theGerman Dax Index traded down 1.9 percent to settle at 6444.
The euroweakened for the seventh straight day, trading down from yesterday highs of1.3063 to recent lows of 1.2982, this is the longest run of declines sinceSeptember 2008 when German Chancellor Angela Merkel rejected governmentstimulus as a measure to stimulate growth.
Oil hasfallen for the fifth straight day, slipping to a three month low after the SaudiArabian Oil Minister Ali al-Naimi said that the prices are currently too highand that Saudi Arabia is storing crude. WTI oil has traded down from yesterdayhighs of 97.99 to recent lows of 95.52.
Gold hastumbled to below the $1,600 an ounce level for the first time since Januaryafter Alexis Tsipras statement, triggering a technical sell-off.
|SPI 200 future||4279|
|FTSE 100 Index||5554.55|