Greek crisis standoff as deadline nears
In this week’s market update:
- With June 30 deadline looming, will Greece and its creditors come to a substantive agreement over taxation and pension reform?
- How does Friday’s drop of more than 7 percent in China’s Shanghai Composite Index change the outlook for investors in Asia?
On this week’s Market Week in Review video, Chief Investment Strategist Erik Ristuben takes viewers inside the negotiating room where Greece and its creditors are working on an 11th-hour deal ahead of the June 30 extension deadline. Ristuben notes that creditors are seeking additional pension cuts and taxation reforms within Greece, while Greek leaders are trying to forge a tenable political and economic path forward.
Mark Soupiset hosts this week’s market update, which also looks at the big drop on Friday in China’s equity market – as reflected in the Shanghai Composite Index – as well as the U.S. consumer consumption data and what this means for investors.
Note: Market Week in Review will take a one-week hiatus for the U.S. Independence Day holiday and will resume the week of July 6.