Overseas Trading: Global Stocks Sell Off on Greece

Greece failed to reach an agreement with international lenders over the weekend, and is now poised to default on an IMF loan repayment due tomorrow

Jun 29, 2015 at 8:15 AM
facebook X logo linkedin


Stocks in Asia sold off sharply today, as Greece's inability to reach an agreement with its international creditors -- just ahead of the country's Tuesday deadline to repay an International Monetary Fund (IMF) loan -- overshadowed a bigger-than-expected interest rate cut from the People's Bank of China. Specifically, the Shanghai Composite fell 3.3%, putting it in bear-market territory. Meanwhile, Japan's Nikkei plunged 2.9% on a round of mixed data -- including a wider-than-anticipated fall in industrial production  -- and a stronger yen. Meanwhile, Hong Kong's Hang Seng and South Korea's Kospi gave back 2.6% and 1.4%, respectively.

European equities are getting hit by the aforementioned Greek crisis, amid news that the country's banks will not open this week -- which is weighing on financial stocks throughout the eurozone. Meanwhile, trading in Athens will remain shuttered until July 6, one day after a scheduled referendum on Greece's bailout deal. At last check, London's FTSE 100 is off 1.8%, France's CAC 40 is down 3.6%, and the German DAX has given back 3.1%.

150629ov5

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI