Asian markets up on Greek deal except for China

FXstreet.com (Barcelona) - Asian bourses edged higher on Tuesday, boosted by good sentiment after the Eurozone leaders ands the IMF having come to an agreement on the Greek debt, reducing it to 124 % of the GDP in 2020 through a package of extra steps amounting 20% of GDP . Critics believe that sort of debt/GDP ratio can only be acheved through very high growth rates in the coming years, which is not a realistic scenario.

Japan's Nikkei Stock Average (+0.37%), Hong Kong's Hang Seng (+0.16%), South Korea's Kospi (+0.87%) and Australia's S&P/ASX200 (+0.74%) are edging higher on Tuesday, while Mainland China's Shanghai Composite falls by -1.34%.

Futures for the German DAX 30 (+0.60%) and the French CAC 40 (+0.70%) are signaling a higher opening ahead of the European session. German import prices eased in October from 1.8% to 1.5%, despite the monthly improvement by +0.6%.