Greek Downgrade Weakens Euro, China & Australia Post Strong Trade Surplus

Trade surplus data from Australia and China were above expectations which boosted markets and risk-appetite built up gradually. China posted surplus of $11.4 Billion, more than three times of estimate of $3.2 Billion as exports climbed 30% and imports slowed down to 22%, boosting the US case for faster Yuan

British Pound to Face Headwinds As Private Sector Activity Weakens