Australia's share market is tipped to shift its focus from the Greek crisis to domestic inflation figures and how Iran's landmark nuclear deal will affect petrol prices.
Economists expect the local market will open flat on Monday as global markets breathe more easily now Germany's parliament has backed eurozone negotiations on a third bailout for Greece.
Greece's banks are set to reopen on Monday after a three-week closure, with withdrawal limits relaxed but capital controls still in place.
"I expect Greece to fade into background noise," AMP's chief economist Shane Oliver told AAP.
But the crisis is not over yet, says CommSec economist Craig James.
"We've got to keep it on the radar screen just in case there are some unforeseen developments, but hopefully that one will continue to proceed nicely and be less of a concern now," he said.
"Our market performed well last week, so a bit of consolidation wouldn't be a bad thing."
The local market will be focusing on inflation figures and a speech by Reserve Bank governor Glenn Stevens on Wednesday.
Mr James believes inflation is likely to be be dominated by the rebound in petrol prices in the June quarter following a sharp fall in the March quarter.
"That's probably the major thing to watch out for," he said.
Mr Stevens' speech on Wednesday will also be watched closely for any indications about the housing market and local stocks generally.
The US earnings season and how Wall Street reacts to that will also have a bearing on the Australian market this week while the global market awaits the implications of Iran's landmark nuclear deal.
"If Iran comes back to the market and supplies a lot more to the market, that could put some downward pressure on (oil) prices, which is going to be very important for the energy sector," Mr James said.
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