Top News | Jul 3, 2015
Elevated volatility in Asia
The Shanghai Composite Index experienced a nervous trading this morning with losses in the first trading hours of up to -7%. These could partially be erased in the later session. The one-day earlier release of the US labor market report (due to the national holiday tomorrow) showed continued solid US employment growth. In the Greek drama, the government in Athens aims to reach a new debt deal after Sunday’s referendum. Meanwhile, Greek finance minister Varoufakis said he would resign if the Greek vote endorses austerity.