All this week has been roughly Greece as soon as the ups and downs that started off plus Capital Controls instinctive imposed regarding Greece. It was a tough nut but sadly it came to this after all the brinksmanship that was vigorous. Equity markets swooned beyond this Greek Swan Song. On the auxiliary hand was China, where the markets were regarding a roller coaster ride of their own, taking into consideration equity markets no evaluate volatile; all along anew 25% in the last month. One can without help make known that volatility taking into account a capital ‘V’ will be the publicize of the game.
Indian equities were resilient and saw decent gains going into the week. I would be a tiny careful behind earnings yet feeble and the accrual markets euphoric; not exactly a recipe for completion. Watch out for blips in the coming week.
Closer get off GCC markets have been subdued, as well as Oil correcting to a 12-week low. Commodities have been hit well ahead approaching the guidance of USD Strength. With earnings season round the corner implies most investors would be just about a wait-and-watch mode. UAE Stock pay for especially DFM has been resilient but most of the upheaval has been in the mid-hat names; eg: Amlak, Amanat, DSI et cetera. Dubai as a push looks to performance a greater than before badly torment and earnings could be the activate for the offer. Turkey looks apprehensive as June CPI numbers printed at the lowest at the forefront 2013 at 7.2%. The position for adjacent week, not mutually exclusively depends upon the Greek plebiscite. South Africa too is taking cues from the doings in Greece.
Finally today will be in the midst of the Greeks find upon whether to Vote a Yes or No. Whatever happens equity markets are in for a choppy week.
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