- Some OPEC members say that a price of around $80 per barrel would be a fair price for oil, speaking ahead of the cartel's biannual meeting in Vienna on Friday. Oil ministers from Iraq, Venezuela and Angola said that a price of $75 or $80 a barrel could be just fine. Iraq's Adel Abdel Mahdi said it would be "equitable".
- China may remove ceilings on bank deposit interest rates soon, rather than raising the cap as it did in previous liberalization steps, an official from the People's Bank of China (PBOC) was quoted as saying. When the central bank cut interest rates in May ¿ for the third time since November -- it lifted the ceiling for deposit rates to 1.5 times the benchmark.
- Dozens of people were killed in the eastern Ukrainian city of Donetsk, in the fiercest fighting since a ceasefire was signed in February.
- Dish Network (DISH) is in talks to merge with T-Mobile, the Wall Street Journal reports. Questions about a purchase price and the mix of cash and stock that would be used to pay for a deal remain unresolved, the people said. One of the people characterized the talks as at "the formative stage," and said an agreement might not ultimately be hammered out.
- European officials said progress has been made in talks with the Greek government over an extension of the country's bailout. Greek Prime Minister Alexis Tsipras met European Commission President Jean-Claude Juncker and the chair of eurozone finance ministers, Jeroen Dijsselbloem. An official from the ruling Syriza party said that if the EU and the IMF give it an ultimatum that is unacceptable, the party would opt for early elections.
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Here's how I deal with my personal accounts in times of turmoil.
Interesting that I've not seen a single sell-side analyst upgrade, downgrade or reiterate anything. No changes made to price targets either.
Insiders gobble up stock as charts register key reversal day.
Breadth is the giveaway that this is computer-driven rather than stock-driven.
Picking a bottom is nearly impossible, but if one does not start layering in where the mud gets deep, then one ends up a bit light when the train leaves.