Morning Briefing: Greece to vote on debt deal; Chinese market plunges 6 per cent

Morning Briefing: Greece to vote on debt deal; Chinese market plunges 6 per cent

Morning Briefing: Greece to vote on debt deal; Chinese market plunges 6 per cent Greece to vote on debt deal; Chinese market plunges 6 per cent
The New York Stock Exchange is closed for the Independence Day holiday but there is plenty happening elsewhere today as Greece approaches a public vote on a potential deal with its creditors. If the Greek people oppose the reform proposals it is likely to mean an exit from the euro and potentially from the European Union; if they vote to accept the deal then it will mean prolonged austerity. European markets are all lower ahead of Sunday’s referendum. In China regulators have launched a probe into suspected manipulation of the markets and the Shanghai index fell 7 per cent before recovering slightly to close down 5.84 per cent. The region’s other major indexes were also lower with only Tokyo ending higher.

US stock futures are trending flat. Oil is trending lower (Brent $61.71, WTI $56.57 at 6am ET). Gold is trending higher.
 
Today’s data
The US markets are closed but the banks are open.
There are no data releases due.
 
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