U.S. markets hit all-time highs reversing early losses on Greek bailout hopes as on late Friday Eurozone finance ministers and Greece agreed on a draft extending the countries international bailout for additional four months. Today Greece must submit a list with planned measures and the EU will judged whether the list is sufficient or not.
The DOW JONES index added 0.86% closing above the psychologically important threshold of 18,000 points at 18,140.44 points. The S&P 500 closed 0.61% with a final quote of 2,110.30 extending a record high hit Wednesday last week.
Chinese markets are closed today for a public holiday as the Lunar New year celebrations take place.
Japanese markets rose for a third day and closed at a fresh 15-year high in today's trading on the Greek debt deal to extend its bailout for further four months. Financials were amongst the losers as investors took profits after recent gains. The index rose despite some members of the BoJ questioned the massive pace of the quantitative easing program and said that the program might have to stop before reaching the 2% inflation target. The Nikkei added 134 points, closing 0.73% with a final quote of 18,466.92 points - the highest level since 2000.