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Markets await Greece, FOMC

  • Collapse of the Chinese stock market is hurting the global risk sentiment. Shanghai Composite index fell to 3500 points in the opening hours. Chinese government seems to have lost grip over the market.
  • Greece remains another market pain. Negotiations are continuing in Brussels on Wednesday to try to find a solution to Greece's debt crisis after the “No” vote on the Sunday's referendum. Markets are awaiting the Greek revised economic program.
  • FOMC June 16-17 minutes will be released tonight. You should also listen to the Fed’s member Williams tonight. Perhaps he will comment the possible impact of the global uncertainty on the Fed’s policy. 

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