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Daily Insights 

July 7, 2015

China correction continues as markets await news on Greece

  • European markets are broadly stable as they await news on Greece. The ECB decided to maintain the ELA at the 26 June level, but haircuts on Greek collateral were increased. Chancellor Merkel and President Hollande yesterday confirmed that Greece must now present proposals to eurozone leaders. On the data front, German industrial production was flat in May.
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