US and Asian markets closed in broadly positive territory last night as the markets seem to have entered a holding pattern ahead of the July 4th holiday at the end of the week and Greece's referendum on Sunday.

European markets did fall by another 1-1.5 percent yesterday but so far no major contagion has been seen in markets on this side of the Atlantic either.

The euro also largely unchanged at 1.11 against the dollar and 71pence sterling.

Interestingly, it looks as though the euro is about to enjoy its best quarterly performance against the dollar in more than four years – it’s risen by more than 4 percent against the US currency since April showing a new ECB-supported resilience despite the Greek crisis.

Bloomberg reports that market jitters are hitting European firms, German real-estate investor ADO Properties has cancelled its planned initial public offering, citing market volatility.

Ulrich Spiesshofer, the chief executive officer of Swiss engineering company ABB Ltd said that the current crisis is "paralysing decision-making in Europe," threatening jobs and slowing economic growth.