FXStreet (Guatemala) – Sean Callow, analysts at Westpac Banking Corporation explained the key events taking place in the day ahead, with the Eurozone and Greece taking the spotlight.
Key Quotes:
“Having closed -6.4% on Friday, the Shanghai Composite is closed today for China’s Dragon Boat holiday.”
“The Asia data calendar is low key.”
“Focus for markets will be on the continued negotiations on Greece.”
“Eurozone finance ministers will meet in Brussels at 3pm CET ahead of the Euro Summit in the evening.”
“The presumed aim of the finance ministers’ meeting is to have a workable package of reforms for the political leaders to discuss. European Union president Tusk has said that the Euro Summit “will not be the final step”, with the finance ministers to complete technical negotiations.”
“US existing home sales are expected to rise to near multi-year highs; the market consensus a 4.8%m/m rise in May.”
(Market News Provided by FXstreet)