Top Stories of the day July 07
1. Rift Emerges as Europe Gears Up for New Talks on Greece Bailout. If a deal is not struck soon, Greece will probably default on a batch of international debts this month and face even more trouble paying civil servants and pensioners. Should Greece ultimately run out of euros, it could be forced to issue a parallel currency or i.o.u.s to pay its domestic bills, prompting it to leave the euro currency.
2. Amid a heavy market selloff, 203 mainland-China-traded companies announced separately Tuesday that trading in their shares had been suspended. This brought the total number of shares in trading halt over the past seven days to 651, or about 23% of the entire pool of 2,808 listed stocks.
Read also: OSB Daily Technical Analysis-Currency Pairs
3. The New York Stock Exchange, part of the Intercontinental Exchange (NYSE:ICE) global network of exchanges, remained the leading exchange globally for capital raising in the first half of 2015, with 264 transactions raising a total of $94 billion, more than any other exchange in the world. This includes 42 companies that raised $12 billion from initial public offerings (IPOs) in the first half of 2015.
4. The Financial Services and Markets Authority (FSMA) once again warns the public against the activities of various providers of / intermediaries in binary options and/or forex products which engage in unauthorized activities in Belgium. The list is on FSMA Warnings: Providers of binary options and forex products
Read also: OSB Daily Cheat Sheets for Currency Pairs, Commodities and Indices
5. The People’s Bank of China, China’s central bank, has injected 50 billion yuan (US$8.2 billion) into the money market through open market operations, it announced on Tuesday.
This has marked the fourth consecutive cash injection through the central bank’s regular reverse repurchase agreement (repo) on Tuesdays and Thursdays since June 25.
By OneStopBrokers
