European markets higher in spite of no decisions on Greece
FXstreet.com (Barcelona) - The European markets are up on Wednesday following an inconclusive Eurogroup meeting that failed to reach an agreement about a sustainable path for the Greek debt. However, EU's Juncker and IMF's Lagarde said that progress was made.
Recently, German Chancellor Angela Merkel defended that lower rates and increasing EFSF guarantees by ¬10B are the solution to Greece's financing hole through 2016. She blamed the lack of financial regulation for the crisis and it's not going to be solved that soon. Merkel believes and agreement on Greek aid will be made on Monday, but Greece must stick to its reforms.
The German DAX 30 is up by +0.10%, the French CAC 40 and the Spanish IBEX 35 gain +0.30%, while the Italian FTSE MIB rises by +0.50% and the Greek ATHEX rallies by +1.00%. Futures for the American S&P 500, Nasdaq 100 and Dow Jones 30 are flat ahead of the New York session that will provide reports about jobless claims, consumer confidence and manufacturing PMI in the US.
Recently, German Chancellor Angela Merkel defended that lower rates and increasing EFSF guarantees by ¬10B are the solution to Greece's financing hole through 2016. She blamed the lack of financial regulation for the crisis and it's not going to be solved that soon. Merkel believes and agreement on Greek aid will be made on Monday, but Greece must stick to its reforms.
The German DAX 30 is up by +0.10%, the French CAC 40 and the Spanish IBEX 35 gain +0.30%, while the Italian FTSE MIB rises by +0.50% and the Greek ATHEX rallies by +1.00%. Futures for the American S&P 500, Nasdaq 100 and Dow Jones 30 are flat ahead of the New York session that will provide reports about jobless claims, consumer confidence and manufacturing PMI in the US.
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