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Tick tock, tick tock
Tick Tock, Tick Tock – that’s both the sound of time passing on one of the quietest days in the markets but also that of the countdown to Greece needing to come to an agreement with its creditors. These were the strongest influences last night. US, UK, German and Hong Kong markets were closed; commodities were generally higher and the USD was stronger. The EUR underperformed, as did much of the Emerging Market complex; while the AUD was pretty much flat. The irony of the fact that in the days after the passing of the Nobel economist, John Nash, who is known for his work on game theory and sub-optimal equilibrium ... (full story)