Overseas Trading: Tsipras Makes a Last-Ditch Effort

Global markets are trading solidly higher, after Greek Prime Minister Alexis Tsipras submitted a new reform proposal over the weekend

Karee Venema

Jun 22, 2015 at 8:24 AM

Asian markets closed higher today, amid hopes that a Greece debt deal will be reached at today's emergency summit of eurozone finance ministers. In Japan, the Nikkei jumped 1.3%, thanks to a lift from banking stocks. Elsewhere, Hong Kong's Hang Seng added 1.2%, while South Korea's Kospi tacked on 0.4%. China's Shanghai Composite was closed for holiday, following Friday's steep sell-off.

European benchmarks are soaring, after Greek Prime Minister Alexis Tsipras submitted new reform proposals over the weekend as an eleventh-hour effort to reach an agreement with the country's creditors. While European Commission President Jean-Claude Juncker's office called the effort "good basis for progress," Jeroen Dijsselbloem -- head of the Eurogroup -- said it will be "impossible to have a final assessment of the Greek proposal today." At last check, the German DAX is up 2.8%, the French CAC 40 is 2.7% higher, and London's FTSE 100 is enjoying a 1% lead.

150622overseas

Follow @Schaeffers

Are You Ready for AI's Potential Supercycle Phase?
Amazon's Jeff Bezos surprised investors when he revealed that one emerging technology is the key to Amazon's future success... This technology could be worth $80 trillion by 2030. Learn more and join Motley Fool's Stock Advisor for 50% off!

“Buy This Stock Now!” - Expert Who Called 11x On TSLA

He called a rare 11x on Tesla…

But now, thanks to Elon & Trump’s new alliance…

He says there’s a new opportunity that could be 1,000x BIGGER than Tesla – and it could completely revolutionize a $23 Trillion market.

It’s trading for less than $5 per share right now…

But it won’t be under the radar for long.

Discover The 1,000x Bigger Elon Opportunity Here

Featured Articles from Trusted Partners:

👀Learn How Dividends Create Passive Income for Life
Receive $200 Off Motley Fool Epic. The Motley Fool Epic $299 discounted offer is based on $499/year list price. Introductory promotion for new members only. Take control of your money and your portfolio with Motley Fool Epic.

💵New Income System Could Pay You $4,243 Monthly
You could collect an average of $4,243 per month starting as early as next week with a new payout system for income investors. New registrations are being accepted for investors who want to be in a position to start with their first payout next week.

🚀Easy 92% Crypto Dividends (No Coins Required)
COIN stock doesn't pay a dividend... But there's actually a new way to collect a massive dividend that's indirectly based on the stock and offers a terrific monthly income (currently yielding nearly 92% on a forward basis).

🤝Free Advisor Match with Wiseradvisor.com
Don't leave your retirement to chance! Get matched with a trusted financial expert for FREE and make the most of your tax refund. Get started now.

⚠️Dennis Quaid's #1 Warning for Americans
Here's the thing: life doesn't come with guarantees. The economy shifts, markets stumble, and years of hard work could slip through your fingers like sand. But it doesn't have to be that way for you. So request a free copy of this Gold & Silver Guide that will arrive right to your doorstep when you act now.