TeleTrade - Analytics

    TeleTrade

    873.00 6.50/10
    64% of positive reviews
    Real

    08.07.2015 10:01 European stock markets mid session: stocks traded higher on new Greek deadline

    Stock indices traded higher on new Greek deadline. European Council President Donald Tusk said on Tuesday that just five days left for Greece to reach a deal with its creditors to save it from bankruptcy.

    "Until now I avoided talking about deadlines, but tonight I have to say it loud and clear - the final deadline ends this week. All of us are responsible for the crisis, and all of us have a responsibility to resolve it," he said.

    European Commission President Jean-Claude Juncker said on Tuesday that authorities are prepared for all outcomes of the negotiations with Greece about its debt crisis, including a scenario of the Greek exit from the Eurozone.

    He added that the commission has another plans in case if Athens needs humanitarian aid and his favourite plan how to keep Greece in the Eurozone.

    European Central Bank Governing Council Member Christian Noyer said on Wednesday that Greek banks would not receive any emergency lending if the Greek government fails to reach a deal with its creditors.

    The Bank of France released its business sentiment index for France on Wednesday. The index fell to 98 in June from 99 in May.

    The central bank expects the French economy to expand 0.2% in the second quarter of 2015.

    Halifax released its house prices data for the U.K. on Wednesday. House prices in the U.K. increased 1.7% in June, after a 0.3% rise in May. May's figure was revised up from a 0.1% decline.

    On a yearly basis, house prices climbed 9.6% in three months to June, after a 8.6% increase in three months to May. It was the fastest pace since September 2014.

    "Economic growth, higher employment, increasing real earnings growth and very low mortgage rates are all supporting housing demand," Halifax's housing economist Martin Ellis said.

    Current figures:

    Name Price Change Change %

    FTSE 100 6,464.4 32.19 0.50%

    DAX 10,689.38 12.60 0.12%

    CAC 40 4,628.62 23.98 0.52%


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree