China, Greece and Iran may prove essential arguments for the Fed decision about interest rates.

The stock market crash in the Chinese economy, the deepening problems of Greece and Eurozone Iranian issue continue to have a huge effect on overall world trade. The oil market bearish sentiment prevailed. US stocks rose on Tuesday after choppy trade. European markets have fallen and the mood uncertain. Sunday (July 12) is a new serial deadline set by the Eurogroup on Greece to agree on a financial rescue deal.

The ECB notes that it can not continue indefinitely to take risks. Economists like Thomas Pique believe that Greek debt should be at least partially written off. Quoted by Die Zeit, he notes that "Germany is the best example of a country that throughout its history has never paid its foreign debt." Deutsche Welle again published a statistic that only France has managed to remain below the important limit of 100% debt to GDP. And another thing: France is "betting" in Greece between 40 and 60 billion EUR and certainly no extra money. In summary, the Finance Minister of Japan said it can not predict what will happen in future, but stressed that the condition is balance in the stability of the leading economies and the Government of Japan is ready to answer all the scenarios in the development of the market.

In China SSE Composite of Shanghai Stock Exchange (SSE) dropped by 6.4% and CSI300, marking the largest companies in Shanghai and Shenzhen with 6.7% notes Reuters. Over 500 companies halted trading of its own shares on two exchanges in Shanghai and Shenzhen. From mid-June decline in the weighted average capitalization of Chinese public companies is around 30%.

Before the start of the downward trend, the Chinese capital market grew consistently 935 days. Only in early April, Barron's Asia reported that week they found 4.4 million brokerage accounts. From January to May in China have opened 33 million brokerage accounts.

Last week, the Wall Street Journal reported surprising that China suspend the listing of a new companies, CSRC organize a special fund for the stabilization of stock exchange trading.

Throughout June analyzes of BlackRock, Credit Suisse and Bank of America consistently warned that the Chinese stock market formed a "bubble" and is likely a strong and prolonged correction. As confirmation comes the decision of China Securities Regulatory Commission to stop all absolutely IPO. Leading brokers were agreed to bring over $ 19 billion in a fund to stabilize the market, which will be distributed in a variety of exchange-traded ETF, based on the companies with the most high capitalization. Despite the unprecedented support measures by the Chinese government all factors, the trend continues.

More and more analysts are of the opinion that the storm around Greece and China can give arguments on the Fed to wait with the increase in interest rates or at least delay the expected changes.