The dollar was
near a three-week high on Thursday and world stock markets had a
delicate feel, as the implication of U.S. jobs data later for a possible
Fed rate hike added to Europe's uncertainty over Greece.
Chinese
shares also remained in focus as they suffered another heavy tumble
overnight to take their loses over the last six weeks to 25 percent,
countering otherwise solid performances in the rest of Asia's main
centres.
Europe's main bourses in London .FTSE, Frankfurt .GDAXI and Paris .FCHI and Milan .FTMIB opened largely flat having rallied on Wednesday but the mood remained skittish after hopes of a last minute aid deal between Athens and the euro zone evaporated.
A defiant Prime Minister Alexis Tsipras urged Greeks on Wednesday to reject an international bailout deal, wrecking any prospect of repairing broken relations with European Union partners before a referendum on Sunday that may decide Greece's future in Europe.
It ensured the region's bond markets started the day in the red and the euro slipped again too with the added factor that a strong set of U.S. jobs figures later will increase expectations of a Federal Reserve hike in September or a least this year.
Economists polled by Reuters expect the U.S. economy to have added 232,000 jobs in June after May's unexpected 280,000 surge. But strong private hiring figures on Wednesday left economists considering another bumper reading.
"You can see there is edginess in the market," said Kit Juckes, at Societe Generale in London.
"If you get something strong (in payrolls data) that really makes it look like the Fed are going to hike, with all the Greek uncertainty in the background too, you could really get some risk aversion breaking out."
Less than 24 hours after he wrote a conciliatory letter to creditors asking for a new bailout that would accept many of their terms, Greece's prime minister Tsipras abruptly switched back into combative mode in a television address.
Greece was being "blackmailed", he said, quashing talk that he might delay the vote, call it off or urge Greeks to vote "Yes".
Markets were relieved on Wednesday that the European Central Bank opted against cutting back the emergency funding that it is sanctioning for Greek banks and on Thursday it announced it had broadened the list of bonds eligible for its QE programme.
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| A man looks at a mobile phone at the Tokyo Stock Exchange (TSE) in Tokyo, July 1, 2015. |
Europe's main bourses in London .FTSE, Frankfurt .GDAXI and Paris .FCHI and Milan .FTMIB opened largely flat having rallied on Wednesday but the mood remained skittish after hopes of a last minute aid deal between Athens and the euro zone evaporated.
A defiant Prime Minister Alexis Tsipras urged Greeks on Wednesday to reject an international bailout deal, wrecking any prospect of repairing broken relations with European Union partners before a referendum on Sunday that may decide Greece's future in Europe.
It ensured the region's bond markets started the day in the red and the euro slipped again too with the added factor that a strong set of U.S. jobs figures later will increase expectations of a Federal Reserve hike in September or a least this year.
Economists polled by Reuters expect the U.S. economy to have added 232,000 jobs in June after May's unexpected 280,000 surge. But strong private hiring figures on Wednesday left economists considering another bumper reading.
"You can see there is edginess in the market," said Kit Juckes, at Societe Generale in London.
"If you get something strong (in payrolls data) that really makes it look like the Fed are going to hike, with all the Greek uncertainty in the background too, you could really get some risk aversion breaking out."
Less than 24 hours after he wrote a conciliatory letter to creditors asking for a new bailout that would accept many of their terms, Greece's prime minister Tsipras abruptly switched back into combative mode in a television address.
Greece was being "blackmailed", he said, quashing talk that he might delay the vote, call it off or urge Greeks to vote "Yes".
Markets were relieved on Wednesday that the European Central Bank opted against cutting back the emergency funding that it is sanctioning for Greek banks and on Thursday it announced it had broadened the list of bonds eligible for its QE programme.
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