Overseas Trading: Greece Lifeline Lifts Global Markets

Greece reached a bailout agreement with its creditors overnight

Jul 13, 2015 at 8:02 AM
facebook twitter linkedin

Asian equities settled in the green today on news Greece was nearing a bailout agreement with its creditors. Adding to the bullish bias was economic data out of China, which showed trade figures arrived above expectations -- with warnings that exports could encounter "relatively big pressure" down the road failing to sway investor sentiment. Against this backdrop, the Shanghai Composite extended last week's momentum, adding 2.4%. Elsewhere, Japan's Nikkei jumped 1.6%, South Korea's Kospi tacked on 1.5%, and Hong Kong's Hang Seng settled with a 1.3% win.

European benchmarks are in rally mode at midday, following reports Greece has been given a financial lifeline. Overnight, eurozone leaders hashed out a three-year bailout agreement for the debt-plagued nation, dodging a potential "Grexit" and "the social, economical and political consequences that a negative outcome would have brought," according to European Council President Donald Tusk. The deal now goes to national parliaments for approval. At last check, the French CAC 40 is up 2%, the German DAX is flirting with a 1.3% lead, and London's FTSE 100 is 0.8% higher.



If you are not making money with options, you aren’t buying options like this…

There is no options strategy that more perfectly approaches trading the fastest moving and most volatile stocks available in the marketplace than this one. In fact, there is no strategy that better utilizes put options for optimal returns and a real trading edge over other traders in the exact same market. New options traders fail out at an incredible rate without proper trade research, execution timing, and option picking. Capitalize on Schaeffer’s 100+ years of options trading excellence with the most coveted product launch in company history. Don't waste another second... join us right now before the next round of trades are released!



Special Offers from Schaeffer's Trading Partners