By Chris Becker
As the world awaits the outcome of the Greek crisis and European stocks continue to rise on hope of a resolution and surprisingly good manufacturing PMI prints, while the US dollar surged on the weak durable goods order last night. Bond markets were stable but interestingly, the Aussie 10 year yield is now above 3%, rising 11 pips yesterday.
Recapping Asia yesterday, where the Shanghai Composite came back after a holiday on Monday and the horror session on Friday, rising 2% to 4576 points, still far away from recent gains but consolidating for now.