News Headline Summary

US equity markets moving lower in recent trade as attention is being paid to the political uncertainty in Portugal...

Analysis details (18:56)

- Earlier saw the foreign minister and head of the junior coalition resign from his post. This has prompted speculation that the junior coalition could leave the government, meaning there would be no outright majority in the government.
- EUR/USD moved 15 pips lower in approximately 5 minutes from 1.3009 to 1.2994.
- Bunds are trading at the highest level of the day at 141.99.
- As a reminder, Portuguese PM Coelho is due to speak at 2000BST/1400CDT.

02 Jul 2013 - 18:42 - Forex - Source: RANsquawk

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