100% Europe – Asset Managers Will Wait For Signs of Support.


The overnight news outside of Europe was not bad. China’s PMI was just shy of expectations (51.8) and it came in at 50.4. That miss was offset by lower than expected inflation. If prices have stopped going up, China could ease in coming months. Stocks in China posted overnight gains. Greece is stealing the spotlight once again. The Prime Minister announced plans to hold a referendum on the euro zone deal struck last Wednesday night in Brussels. If it fails to pass this Friday, Greece will officially default. A recent poll taken last weekend shows that 60% of Greek citizens were …

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