TUESDAY 7/7/15; RBA Decision; Greece Bailout Drama Continues; Euro-Area Summit; European Stock Indexes Collapse; US Stocks and Oil Stage Dramatic Intraday Recovery

Euro 1.1047. Dollar/yen 122.71. Pound 1.5592. Aussie dollar 0.7845. WTIC oil 52.94. Brent oil 57.11. Natural gas 2.761. Gold 1169. Silver 15.69. Copper 2.534.

Samsung misses its profit projections. Less expensive smartphone models from rivals are stealing market share. Asian indexes are 
















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 Greece PM Tsipras says the discussions in Brussels were positive. Tsipras is in agreement with the comments from the European leaders targeting a “final exit from the crisis by end of this week.” The Greek Tragedy will play out the final act over the coming days.

At 7 PM EST, NIKK futures point to a higher open. US futures are negative. S&P -5. Dow -35. Nasdaq -10. Euro 1.1011. Dollar/yen 122.49. Aussie dollar 0.7455. Gold 1154.

Treasury yields are; 2-year 0.589%, 5-year 1.54%, 10-year 2.25%, 30-year 3.035%.