Asia’s stock markets may take another tumble on Tuesday, as Greece inched nearer toward a debt default.
According to Reuters, Greece will not be paying a 1.6 billion euro loan installment due to the International Monetary Fund (IMF) on Tuesday, citing a Greek government official. The cash-strapped country needed emergency funding to make the payment, but negotiations for a cash-for-reform package between Athens and its creditors broke down over the weekend after Greek Prime Minister Alexis Trspras called for a surprise referendum.
Australian shares appear set to fall below the previous day’s close, which was the index’s lowest level since January 23. Local futures notched down 0.6 percent to 5,345, a 77-point discount to the underlying S&P ASX 200 index.
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Latest posts by marketpulsefxstaff (see all)
- Oil Remains Near Multi-Month Lows - 6 August 2015
- U.S. Dollar Higher on Recent Data - 6 August 2015
- Greece’s PM Tsipras: Loan Deal with Lenders Close - 6 August 2015