Macro Morning: Grexit bounce

Advertisement

By Chris Becker

It’s not just Queensland and northern NSW that will wake up this morning after a wet weekend with news of a “compromise” deal with Greece sure to make the locals wonder when the rain will stop.

The loan extensions “granted” to Greece set the European bourses higher, in the main, with the German DAX up 0.6% and through its 11,000 level on the daily chart pointing to further gains here:

Chart DAX30, D1, 2015.02.22 21:07 UTC, VantageFX Pty Ltd., MetaTrader 4, Real

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe