McDonald's sales plunge as it Posts Seventh Straight Quarter of Falling U.S. Sales

The fast food giant reported a 10% drop in quarterly sales and earnings per share on Thursday. And while that was good enough to beat Wall Street's meager expectations, McDonald's CEO Steve Easterbrook called the results "disappointing."

McDonald's has been struggling, and the troubles led to the ouster of former CEO Don Thompson in January.

Since taking over, Easterbrook has stressed that McDonald's must make big changes to convince people that they should eat at the Golden Arches.

Easterbrook unveiled the company's turnaround plan in May.

That announcement had a lot of marketing gobbledygook phrases like "modern progressive burger company." But it left many analysts wondering -- to borrow a famous old slogan from rival Wendy's (WEN) -- where's the beef?

Wall Street -- and customers -- wanted more details about how the company planned to spruce up the menu.

Easterbrook said in a statement Thursday that the company is "seeing early signs of momentum" and predicted a sales rebound in the third quarter. Thursday's results showed a decline in same-store sales of 0.7% worldwide and 2% in the United States.

But for McDonald's to get back on track, it all comes down to the food. And it seems that customers, especially Americans, are still not happy.

The company noted that a main reason for the tepid results was because "featured products and promotions did not achieve expected consumer response amid ongoing competitive activity."

Translation: The food stinks and consumers are going elsewhere.

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As we pretected in our article from today: War Started, Apple stock went crushing in what seems to be an awful day for the company. Apple stock has dropped by almost 8% and loosing tens of Billions from its worth.  

Another reason for Apple’s bad results, apart from the dispute with Samsung and other major tech companies was that it sold fewer iPhones than expected in the past three months, and offered a weak outlook for the current quarter.

The biggest technology rally since October was knocked cold, as disappointing earnings reports punished Microsoft Corp. and left Apple Inc. in danger of its worst-ever loss of market value.

Overall, Apple's sales and profits were strong. In its fiscal third quarter, Apple (AAPL, Tech30) recorded revenue of $49.6 billion. Financial analysts polled by Thomson Reuters expected sales of $49.4 billion.

But the company sold "just" 47.5 million iPhones. While that's up a stunning 59% from a year ago, the number of iPhones sold last quarter is still fewer than the 49 million analysts had forecast.

There was plenty of good iPhone news for Apple to cheer about, though. 

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Materials like copper, aluminum, gold and oil are dropping in value, raising concerns about the health of the global economy.

The CRB raw industrials spot price index is now at its lowest level since November 2009. The Bloomberg Commodities Index touched levels unseen since June 2002.

Just this week, crude oil prices retreated to $50 a barrel, while gold tumbled below $1,100 an ounce to five-year lows.

And mining stocks like Newmont Mining (NEM), Barrick Gold (ABX) and Coeur Mining (CDE) are down 20% to 25% this month alone.

So why is this happening? David Kelly, chief global strategist at JPMorgan Funds, said that "It's a yellow flag for the global economy. I don't think it's a heads up that we're headed for disaster, but I do think it tells us something."

There is simply isn't enough demand: Soft global economic growth has hurt demand for some of the most closely-watched industrial metals like copper and iron ore, as well as oil.

While China is growing faster than many countries, it has slowed drastically in recent years. That's a critical factor, because China's previously-insatiable demand for natural resources made it the world's "swing consumer."

China's slowdown is playing a huge role in the demand picture. Growth in the first half of 2015 slowed to the weakest level since 2009 -- and there's growing rumblings among investors that Beijing may be fudging the numbers.

Many other emerging markets like Brazil and Russia are growing at a sluggish pace, too. So are developed economies like Europe and to a lesser extent the U.S. The International Monetary Fund recently downgraded its global growth forecast to 3.3%, the weakest pace since the financial crisis.

"We're not going into a global recession, but there isn't a lot of growth out there either," said Michael Block, chief strategist at Rhino Trading Partners.

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Unbelievable reaction of the internet over the patent battle of all the companies against Apple,

Who will win?

FaceBook, Google, Ebay, Dell, Hp, Samsung all came together to crash Apple with their patent war with Samsung. The companies believe the financial market reacts and it damaging their business. The huge alliance of such brands can provide today a day to be remembered in a trading market.

Preper your account today with Signals Binary - write the word " WAR" on our live chat and our support will show you how to be prepared for today. 22/07/2015

eBay and PayPal will trade as two separate companies from today.

The split sees PayPal listing independently on the stock exchange.

The split comes more than ten years after eBay bought the payments firm in 2002. But in September last year, it announced plans to divide the two companies, letting PayPal off into a separate entity.

eBay Chief Executive John Donahoe said the decision was taken because it was best for each business and would create additional value for shareholders. He added the two companies will continue to work closely together.

Once the two businesses were seen as being among the shrewdest combinations in Silicon Valley history.

eBay, as a younger company, needed a reliable way for shoppers to pay for their purchases on its site.

The split leaves the two firms' top executives free to focus on their individual businesses.

PayPal will start trading on the NASDAQ as an independent company while eBay will continue as its own separate public company.

PayPal is expected to be valued at around $44bn, potentially eclipsing the estimated $35bn for eBay's marketplace after the split.

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Apple is set to rake in $52.5 billion in earnings, in what could be the largest annual profit ever generated from a company's operations.

This is how Apple could make a $53 billion profit this year in 4 points:

1. iPhone sales lead...again

The record 74.5 million iPhones that Apple sold during the holiday shopping season helped Apple's profit soar more than 37% that quarter.

The iPhone remains popular despite the fact that Apple is likely to announce a new version in the coming months. Apple sold 61 million iPhones in the first three months of 2015, and analysts polled by FactSet estimate that Apple sold another 47 million iPhones last quarter.

The big screens on the iPhone 6 and iPhone 6 Plus proved popular competitors to large-screen Android phones.

IPhone unit sales are expected to be relatively stable in 2015 and 2016 but as more people own iPhones, analyst Andy Hargreaves of Pacific Crest Securities worries that this growth "creates risk if we reach the point of complete saturation or if a competitor slows Apple's share gains."

2. MacBooks are hot!

The PC industry slumped 11.8% worldwide in the second quarter compared to last year, according to IDC, a market research firm -- but Apple bucked the trend.

While all major PC brands like HP (HPQ, Tech30), Dell and Lenovo (LNVGF) reported a decline in computer sales, Apple's MacBook sales grew by 16.1%.

3. Is China's downfall Apple's downfall?

Despite the roaring success of Chinese smartphone brands like Xiaomi, Apple has held its own in China -- Apple's biggest growth market.

But a slowing Chinese economy could pose a risk for Apple. This year, analysts have their eyes glued to changes in consumer habits in China in response to the recent stock market crash. However, UBS believes the country's market turmoil will have a limited impact on the economy.

4. Apple Watch remains a mystery

The X-factor in Apple's earnings could be the Apple Watch. The company has been tight-lipped on the Watch's sales performance, and that likely won't change when Apple announces its quarterly earnings on Tuesday.

And Until Apple releases its official figures, there is no way of really knowing. But don't expect to see Apple Watch figures yet. Before the Watch released, the tech mammoth announced that it will be lumped with the likes of Apple TV, Apple music -- and recently, the iPod -- in the "other" category.

With or without the Watch, Apple is posited to report strong numbers this year.

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Google's second quarter performance turned out surprisingly good, as the company beats profit expectations.

The Internet search giant reported $6.99 earnings per share, while analysts were expecting about $6.70. Google (GOOGL, Tech30) generated $17.7 billion in sales over the past three months, an 11% growth from last year. Wall Street was looking for about $17.8 billion to $18 billion, a 13% acceleration. Overall the company made $3.9 billion in profits.

While more people clicked on its ads in the second quarter than last year, businesses still shied away from spending. The amount of money advertisers paid for clicks dipped 11% -- the ninth consecutive quarter of negative growth.

One of the biggest reasons for the decline has been mobile. Although many now surf the Web primarily through phones, they are still more likely to buy products online through desktops. Advertisers, therefore, tend to spend more to target shoppers on desktops than on mobile.

The other reason is Google's video platform YouTube, where businesses are even less likely to spend money on ads because they say it doesn't generate the kind of sales leads they want.

Google has made numerous improvements to both of these areas in the past few months. To help people make faster decisions to buy things on their phones, the company's mobile search ads now show much more information than before.

Paid search results for a camera, for example, will provide product ratings, features, and inventory in nearby stores. This is a huge upgrade from what mobile search ads used to be, which was just some text and a link.

"We continue to close the gap between mobile and desktop search," Ruth Porat, Google's CFO, said during the earnings call.

But the biggest change to Google's mobile search strategy came this week when it launched a buy button in its search ads. Clicking on a Google ad with a buy button will take users to a dedicated shopping site where they can complete a purchase in about two clicks. Transactions are processed through saved financial information stored within Google accounts.

"The buy button has the potential to change advertisers' willingness to [spend] on mobile," Mark Ballard, Merkle RKG's director of research said that: "Search is probably the best performing type of digital ad because you're capturing someone's intent and interest at a specific time."

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GOP presidential hopeful files financial disclosure documents. 

Donald Trump, the real estate mogul and 2016 Republican presidential hopeful, has reportedly filed financial disclosure documents with the U.S. government that show he has a net worth that exceeds $10 billion.

Trump’s campaign announced that he had submitted paperwork to the Federal Election Commission Wednesday: “This report was not designed for a man of Mr. Trump’s massive wealth,” the campaign said in a statement. “For instance, they have boxes once a certain number is reached that simply state $50 million or more. Many of these boxes have been checked.”

Last month, Trump, who now leads the polls among Republican candidates for the presidential nomination, said he was worth about $8.7 billion. In a statement Wednesday, his campaign reportedly said that number was over a year old.

Earlier Wednesday, speaking to supporters, Trump attacked other candidates over needing donations to run their campaigns: “Every single person who gave Jeb Bush and Hillary money has something lined up, and it’s not necessarily and probably not at all to the benefit of [the American people],” he said. “Special interests, lobbyists, donors, they all get something.”

Trump’s candidacy has received much media scrutiny, particularly since he made controversial comments about Mexican immigrants earlier this summer. His comments led to him losing numerous business partnerships with such companies as Macy’s  M -0.82%  and Univision.

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Greece's parliament has voted to accept substantial economic reforms needed before the country can receive a fresh bailout worth as much as $96 billion.

The heavily indebted country needs the bailout money to avoid bankruptcy and a 'Grexit' from the euro, but the reforms are extremely unpopular.

Many Greeks resent that European lenders are imposing such harsh, strict reforms on their pension and tax systems.

For months, Prime Minister Alexis Tsipras and his Syriza party rallied against the reforms. But Tsipras was forced to accept them as the country tottered on the brink of bankruptcy.

Greece's parliament formally approved the following measures:

- Reform the tax code to raise additional revenue for the government. This will include raising sales taxes on restaurant meals and other items to 23% and eliminating tax discounts on popular Greek islands.

- Overhaul the pension system, which will include setting the standard retirement age at 67 to discourage people from retiring early.

- Safeguard the independence of the nation's statistics agency, the institution responsible for data tracking the nation's debt and economic growth.

- Implement rules to meet budget targets, which could require additional spending cuts.

Greek parliamentarians debated late into the night as protesters waited outside.

The IMF had participated in the previous Greek bailouts, but is not directly lending money to Greece this time around after the country defaulted on two IMF debt payments over the last three weeks.

Eurozone nations, along with the European Central Bank and the IMF, have already loaned Greece roughly 233 billion euros ($255 billion) in rescue financing since 2010.

They are unwilling to lend Greece any more money without promises that it will get its financial house in order. 

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Alexis Tsipras, the Greek prime minister, is preparing for a make-or-break parliamentary vote over the austerity measures Athens must take in exchange for a fresh bailout from its eurozone partners.

Just hours before the vote, Tsipras suffered a blow with the loss of a key minister, Nadia Valavani. The deputy finance minister resigned, saying it was “impossible” for her to keep serving in the Tsipras government given the austerity measures he had agreed to. She warned the nation faced a “crushing” capitulation at the hands of its creditors in Brussels.

Tsipras must keep the number of rebels within his own party below 40, in order to pass the measures required as part of the controversial rescue package agreed after marathon talks over the weekend.

Athens parliament will vote tonight on the bailout plan demanded by creditors, which the International Monetary Fund has just savaged.

The deal – which includes austerity measures tougher than those overwhelmingly rejected by the Greek public in a referendum this month – has come under fresh fire, after the International Monetary Fund published a highly critical paper calling for large-scale debt relief for the stricken country.

The IMF’s “debt sustainability analysis”, which was published by the Washington-based lender after parts of it were leaked to the media, suggested Greece may need a 30-year moratorium on repayments; or a substantial “haircut” – a partial write-off of its debts.

Greece is already in arrears to the IMF, and the emergence of the paper raised doubts whether the Washington-based lender would be willing to contribute to another Greek bailout.

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After a decade long dispute, Iran and world powers reached a historic deal early Tuesday for Tehran to curb its nuclear program in exchange for the easing of economic sanctions.

Tehran has been negotiating with the U.S., Britain, France, Germany, Russia and China for years, after extending deadline after deadline in hopes of arriving at a workable plan.

President Barack Obama said the deal ensures that "Iran's pathway to a nuclear weapon" has been cut off.

"Today… we have stopped the spread of nuclear weapons in this region," he said in an early-morning televised statement.

His remarks appeared aimed at reassuring close U.S. allies like Israel and Saudi Arabia, who have vehemently opposed a deal and insisted Iran cannot be trusted with a nuclear program of any kind.

Obama said that if Iran violates the terms of the agreement, sanctions will be snapped back into place.

The deal is "not built on trust," he explained. "It is built on verification."

The U.S. president spoke after Iran's Foreign Minister Javad Zarif called the agreement a "historic moment" and a "win-win solution" with the potential to usher in a "new chapter of hope" in relations.

"We are reaching an agreement that is not perfect for anybody but it is what we could accomplish and it is an important achievement for all of us," he said early Tuesday. "Today could have been the end of hope on this issue but now we are starting a new chapter of hope."

"It's not only a deal," Federica Mogherini said at a press conference formally announcing the accord. "It's a good deal."

The comprehensive agreement — which runs more than 80 pages — was clinched after marathon overnight negotiations in Vienna.

It involves limiting Iran's nuclear production for 10 years and Tehran's access to nuclear fuel and equipment for 15 years in return for hundreds of millions of dollars in sanctions relief. However, the sanctions would not be lifted until Iran proves to the International Atomic Energy Agency that it has met its obligations under the terms of the deal.

The agreement includes the provision of a "snap back" mechanism that could lead to the reinstatement of sanctions within 65 days if Iran violates the terms of the deal, according to officials.

The head of the International Atomic Energy Agency confirmed Iran also has signed a roadmap with his organization to clarify outstanding issues.

"This is a significant step forward," Yukiya Amano told reporters.

United Nations Secretary General Ban Ki-moon said the agreement was a testament to "the value of dialogue."

"I hope — and indeed believe — that this agreement will lead to greater mutual understanding and cooperation on the many serious security challenges in the Middle East," he said in a statement. "As such it could serve as a vital contribution to peace and stability both in the region and beyond."

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Euro zone leaders clinched a deal with Greece on Monday to negotiate a third bailout to keep the near-bankrupt country in the euro zone after all-night talks at an emergency summit.

However, the terms imposed by international lenders led by Germany may put more pressure on leftist Prime Minister Alexis Tsipras, fracture the government and cause an outcry in Greece.

If the summit had failed, Greece would have been staring into an economic abyss with its shuttered banks on the brink of collapse and the prospect of having to print a parallel currency and in time, exit the European monetary union.

"The agreement was laborious, but it has been concluded. There is no Grexit," European Commission President Jean-Claude Juncker told a news conference after 17 hours of bargaining.

He dismissed suggestions that Tsipras had been humiliated by accepting far-reaching, German-inspired terms he long promised to resist.

"In this compromise, there are no winners and no losers," Juncker said. "I don't think the Greek people have been humiliated, nor that the other Europeans have lost face. It is a typical European arrangement."

Tsipras himself, elected five months ago to end five years of suffocating austerity, insisted he and his team "fought a tough battle" but had to make difficult decisions.

Instead, he won conditional agreement to receive a possible 86 billion euros ($95.29 billion) over three years, along with an assurance that euro zone finance ministers would start within hours discussing ways to bridge a funding gap for Greece until a bailout - subject to parliamentary approvals - is finally ready.

German Chancellor Angela Merkel said she could recommend "with full confidence" that the Bundestag authorise the opening of loan negotiations with Athens once the Greek parliament has approved the entire programme and enacted the first laws.

Asked whether the tough conditions imposed on a desperate Greece were not similar to the 1919 Versailles treaty that forced crushing reparations on a defeated Germany after World War One, she said: "I won't take part in historical comparisons, especially when I didn't make them myself."

EU officials said Tsipras finally accepted a compromise on German-led demands for the sequestration of Greek state assets worth 50 billion euros - including recapitalised banks - in a trust fund beyond government reach, to be sold off primarily to pay down debt. In a gesture to Greece, some 12.5 billion euros of the proceeds would go to investment in Greece, Merkel said.

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China stocks may be on the rebound after a tough few weeks.  

The benchmark Shanghai Composite increased 4.5% on Friday, while the smaller Shenzhen Composite added more than 4%.

The performance builds on gains made Thursday, when markets rallied after regulators announced new measures designed to stop the market's slide.

Since June 12, the Shanghai Composite has lost roughly 30%. The Shenzhen market, which has more tech companies and is often compared to America's Nasdaq index, is down nearly 40% over the same period.

Roughly half of the companies traded in China have elected to pull their shares as markets continue their crazy roller-coaster ride. That wouldn't be allowed in the U.S., but it's permitted in China.

The government is doing everything it can to rescue the markets. The People's Bank of China has cut interest rates to a record low, brokerages have committed to buy billions worth of stocks, and regulators have announced a de-facto suspension of new IPOs.

The government-backed China's Securities Finance Corporation -- known as CSF -- is lending billions to big Chinese brokerage firms so they can buy more stocks. Controlling shareholders and board members have been barred from reducing share holdings via the secondary market for six months.

Over the past year, investors poured more and more into Chinese markets. Retail investors -- think mom and pop, average folks -- were the most enthusiastic. A classic bubble developed.

The most compelling theory why the bubble burst: Chinese economic growth is the weakest it's been since 2009. Share prices got way ahead of growth and company profits, which are actually lower than a year ago.

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The Greek government has requested a third international bailout to help pay its debts, and prevent economic collapse and ejection from the euro.

The European Stability Mechanism, which acts as Europe's financial rescue fund, confirmed Wednesday that Greece has applied for a new bailout package.

Greece has already received two massive bailouts worth roughly 240 billion euros ($265 billion), but needs more. The latest bailout program ended last week. Greece then missed a big debt payment to the International Monetary Fund, becoming the first developed economy to default to the fund.

The Greek government has asked for the new rescue package to run for three years and promised to introduce fresh economic reforms in exchange for the money. It also hinted that it would like some form of debt relief from earlier bailouts.

The European Union is expected to decide Sunday whether to grant another bailout program, once it receives more details about Greece's economic plans.

The IMF recently estimated Greece will need at least 50 billion euros ($55 billion). But analysts say the figure will be much higher since the IMF analysis was conducted before Greek banks were forced to shut down, wreaking even more havoc on the economy.

Years of overspending and mismanagement have left the Greek economy in a deep crisis. The government has essentially run out of money, banks have been closed for over a week, and cash withdrawals have been capped for individuals and businesses. Regular people have even stopped driving because they want to conserve any cash they have.

Experts say Greece could soon be forced to print its own currency and ditch the euro if leaders can't agree on a new rescue package.

Finally, a 'Grexit' would be unprecedented in the history of the EU, since members join with the expectation that they will never leave.

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Trading was halted at the New York Stock Exchange on Wednesday morning.

The latest from the NYSE is that all symbols are not trading. "Additional information will follow as soon as possible," the NYSE's website says.

According to CNBC, the halt started at 11:32 a.m. ET and was triggered by "technical issues."

Latest signals got sent before this unexpected halt, due to that - results of evening trade may vary. 

We do not recommend to trade as long as the market is in pause.

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Stocks in China are on free fall right now, and things are not looking good.

Markets across Asia followed China’s key share indexes into the red today despite further efforts from Beijing to stave off the relentless fall in Chinese share prices.

A short time ago the benchmark Shanghai Composite was down more than 5% for the day, having fallen as much as 7%, while the SSE 50 index of the top 50 stocks on the bourse was down more than 7%. The CSI 300 of the largest listed firms on the Shanghai and Shenzhen exchanges was down 7%.

Authorities admitted panic selling had taken hold among Chinese investors.

A China Securities Regulatory Commission spokesman said markets were “full of panic emotion and the number of irrational selling has been increasing”, according to a report in the South China Morning Post.

One-third of the value of Chinese stocks has now been wiped off in three weeks.

The declines come despite a raft of measures from Chinese policymakers in recent weeks designed to boost stock prices. Interest rates have been cut, rules augmented to discourage selling while brokers, asset managers and Chinese insurers have all outlined plans to increase their exposure to the stocks.

More than 1000 listed Chinese companies have temporarily suspended trade on Wednesday in an attempt to avoid the market carnage. While they have escaped the declines for the moment, those firms that are still trading are feeling the full brunt of selling pressure.

The carnage in China is now spreading to other markets across the region. The Hang Seng in Hong Kong has slumped more than 4% while the Nikkei 225 in Japan and ASX 200 in Australia are off by more than 1.1%.

People's Bank of China is saying that it will support market stability by providing liquidity. 

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Between Apple and Xiaomi, the world’s largest smartphone manufacturer is feeling the squeeze.

Samsung will profit less for the 7th consecutive quarter, and it looks like they are heading in the wrong direction.

It was Samsung’s seventh consecutive decline. And although the company didn’t break down the results by division, analysts were quick to put the blame on Samsung’s flagship smartphone series, the Galaxy S6.

Part of the problem was logistical. Samsung released two versions of the device, one with a flat screen and one with a screen that curved on the edges. The regular S6 didn’t sell as well as expected, and the S6 Edge proved hard to manufacture. Samsung couldn’t keep up with demand.

“The failure to manage the initial shipment for the Galaxy S6 series is the primary reason” for disappointing sales, Lee Ka-keun, an analyst at KB Securities, told the AP. Samsung is bringing on a third plant to boost production.

There’s a bigger problem, however, that is not so easily solved.

Samsung competes in two different handset markets: Low-end and high-end.

On the low end, it’s getting undercut by a gang of Chinese manufacturers—led by Xiaomi—that can thrive on profit margins even thinner than Samsung’s.

On the high end, where it competes with the iPhone, Samsung lost a key marketing advantage when Apple introduced a pair of iPhones with screens as big as Samsung’s. Sales of the iPhone 6 and 6 Plus are holding up better than expected, winning back some of the market share Apple lost to earlier Galaxy models.

Samsung Securities last month lowered S6 shipment estimate to 45 million units this year from 50 million previously. Full results for the second quarter are due later this month.

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Greece has voted by a big margin against Europe's latest bailout offer, raising the prospect that the country could now suffer a worse economic disaster and lose its place in the euro.

More than 60% heeded left-wing Prime Minister Alexis Tsipras' call to vote "no." He hopes to force Europe to hand over more money with less austerity attached, and cancel some of Greece's enormous debt.

Thousands of Greeks celebrated in the streets of Athens after the vote on Sunday. But the result sets Greece on an uncertain path that could force it to abandon the euro and print its own currency -- with huge damage to the economy.

Greece urgently needs cash to reopen its banks, which have been shut for a week, and for pensions and wages.

Yanis Varoufakis, the outspoken Greek finance minister, said the vote was a "majestic, big YES to a democratic Europe, and a NO to the dystopic vision of a Eurozone that functions like an iron cage for its peoples."

But despite of the vote going his way, Yanis Varoufakis, Greece's embattled finance minister, has resigned his post, saying the move could help Prime Minister Alexis Tsipras reach an agreement with creditors.

"I was made aware of a certain preference by some Eurogroup participants, and assorted 'partners', for my ... 'absence' from its meetings; an idea that the Prime Minister judged to be potentially helpful to him in reaching an agreement," Varoufakis wrote in a blog post early Monday.

"For this reason I am leaving the Ministry of Finance today," he continued. "I shall wear the creditors' loathing with pride."

During his time in government, Varoufakis refused to adopt the mannerisms of a conventional European politician. Instead, he dressed informally and loudly. He frequently appeared in media, launching biting rhetorical attacks against rival negotiators and governments.

While it may have appealed to populists, critics said his style failed to win many fans in the negotiating room.

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Greece is divided right down the middle heading into Sunday’s referendum on European bailout proposals, portending even more upheaval for the stricken nation.

A poll commissioned by Bloomberg News showed 43 percent intend to vote “no” to reject the austerity demanded by creditors in exchange for financial aid; 42.5 percent back a “yes” to accept the conditions, the survey of 1,042 people by the University Of Macedonia Research Institute Of Applied Social and Economic Studies showed. The margin of error was 3 percent.

The survey suggests that the plebiscite may not resolve anything as the nation’s economic and political crises deepen. While the poll showed more than four in five Greeks want to stay in the euro, the nation’s crippled banks and Premier Alexis Tsipras’s isolation from other European leaders have thrown into doubt the country’s future in the currency union.

“This referendum had divided Greek society among two groups who have a different understanding of the question at hand,” Nikos Marantzidis, the pollster and a professor of political science at the university, said in an e-mail. There are supporters, “those who really think that the future of the country is outside the euro area and even the EU, and those who consider the referendum to be a negotiating tactic.”

Tsipras called the snap vote unexpectedly last weekend as talks with creditors broke down. He argues that Greeks can reject their proposals and still remain in the euro, winning better terms for its debt in the process — a claim disputed by almost everyone else.

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As in every first Friday of the month, today there's the NFP announcement.

What is it? It checks the change in the number of employed people during the previous month, excluding the farming industry.

Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity.

When? July 2th at 8:30am Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the USD to rise. 

Don't miss the chance to maximize your results, talk to one of our representetvies now!

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