TUESDAY 6/30/15; EOM; EOQ2; EOH1; CAG; Chicago PMI; Consumer Confidence; Greece Misses IMF Payment now in ‘Arrears’; SPX and INDU Print Negative Quarters; Record M&A Activity

At 9:30 AM Tokyo time (8:30 PM EST Monday evening), S&P futures are up +4. Dow +37. Nasdaq +8. Euro 1.1212. Dollar/yen 122.55. Pound 1.5734. WTIC oil 58.29. Brent oil 61.99. Natty gas 2.802. Gold 1178. Silver 15.705. Copper 2.6345.

US Treasury yields are; 2-year 0.64%, 5-year 1.62, 10-year 2.32%, 30-year 3.097%. German bund 0.779%. Japan 10-year yield 0.457%. UK gilt 2.03%.

Asian indexes begin trading with the NIKK and KOSPI marginally higher and the SPASX200 marginally lower. S&P +3. Dow +30. Nasdaq +7. Gold 1180.

The NIKK ends the session up 































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tick tock the clock strikes 12 in Brussels so Greece officially misses the 1.6 billion euro ($1.8 billion) IMF debt payment (1 AM Wednesday morning Athens; 11 PM London time). Greece is in ‘arrears’ unable to pay its debt. The two-decade beach party is over. The IMF confirms that Greece failed to meet the payment deadline. Greece has requested an extension of the payment deadline.

Fed’s Bullard says raising rates can help protect against asset bubbles. Bullard expresses concern that stocks are following a path similar to the dotcom bubble days.