Greece
The markets are facing another headwind from Europe and Greece. In the end of September or the beginning of October, Troika (the European Commission, the IMF, and the ECB) will release its final report on Greece from which it would be clear if the country needs another tranche of financial aid to fight against the crisis.
Yields in the USA
Corporate yields in the USA will be a good indicator for the shares growth in the course of low volume and volatility of this summer. For the last three months Dow Jones Industrial Average gained 6% while S&P500 accelerated 9% and Nasdaq Composite grew 10.6%.
According to the data of the report from 101 companies which make up S&P500, 79 out of them reported about a lower yield than was initially estimated.
Spain
The euro continues to renew its weekly lows against the dollar influenced by Spanish uncertainty in the regard of new bailout and amid protest actions in the country which turned to coercive actions.
Yesterday, the protestants had a fight with police in Madrid ahead of new round of unpopular austerity measures which are necessary to meet the 2013 budget targets.