Macro Morning (deal party)

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By Chris Becker

Another deal for Greece is done overnight, which means we should be revisiting this saga again in the years or even months to come as the creditors might be happy, but the deal is set up to fail in the medium term. The risk complex was very happy with the abrogation of capitalism, sending up stock markets across the continent and the US with the bond market relatively happy as well.

Recapping Asia yesterday, where the other capitalism free zone in China, the Shanghai Composite rose 2.4% continuing to bounce off support at 3400 points and almost about to clear the 4000 point resistance level:

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