Initial Guidance | 3 July 2015

● US payrolls post a solid increase in June but wages are flat…
● US jobless claims jumped more than expected last week…
● And US factory orders slumped in May…
● The US consumer comfort index rose last week to its highest level since April…
● Eurozone Composite PMI increased to a 4-year high last month…
● While China’s services sector expands at slowest rate in over a year in June…
● Meanwhile, Europe braces for Greece’s referendum on Sunday on a bailout packaged that expired on Tuesday. Regardless, polling shows the public is evenly split.