SCOREBOARD: Greek hiatus

Markets were quiet overnight as Greek bailout talks continued, although crude saw some gains.

It was a very quiet night last night as far as markets were concerned. Moves across the spectrum have been comparatively small and, in the absence of any other major news or data, it just looks like most are waiting for a resolution on Greece. Euro for instance traded on a 60-70 pip range and is broadly unchanged from yesterday afternoon (1.3259). Australian dollar and sterling saw a little more action, both weakening with Australian dollar off 20 pips or so to 1.0797 and Sterling down about 80 pips to 1.5823.

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