Concerns about the weekend's Greek vote and wider Greek situation haven’t gone away but markets taking some comfort from the latest BNP Parisbank poll showing a slim majority of Greeks are prepared to vote yes to the creditor’s austerity plans and continuing strong US economic statistics.
European markets closed between 1 percent and 2 percent higher yesterday; most Asian markets closed higher for the third consecutive session overnight and this followed a near 1 percent rise on the Dow Jones index in New York yesterday.
All eyes will be on the non-farm payroll figures for June are to be published in the States later today ahead of tomorrow’s July 4th bank holiday.
Economists are forecasting that up to 230,000 new jobs were generated last month bringing the jobless rate in the States to 5.4 percent.
The dollar has strengthened slightly on the back of this economic performance and the possibility of a rise in US interest rates before the end of the year.
The euro is currently trading at just under 1.11 against the dollar and at 71 pence.