Overseas Trading: Global Markets Rise On Greek Vote

The Greek parliament voted in favor of the country's new bailout plan

Karee Venema

Jul 16, 2015 at 8:06 AM

Markets in Asia rose today, after the Greek parliament voted in favor of the country's bailout plan. In China, the Shanghai Composite experienced another volatile session as hundreds of stocks resumed trading, eventually settling with a 0.5% win -- and snapping its two-day losing streak. Elsewhere, Japan's Nikkei and South Korea's Kospi each tacked on 0.7%, both amid weakening currencies, while Hong Kong's Hang Seng added 0.4%.

European benchmarks are comfortably in the green at midday, following the Greek parliament's austerity vote. Focus will now be on European Central Bank (ECB) President Mario Draghi, who is slated to hold a press conference at 8:30 a.m. E.T. on the situation in Greece, as well as the ECB's latest monetary policy decision. At last check, the French CAC 40 and the German DAX are flirting with 1.6% leads, while London's FTSE 100 is up 0.6%.

150716overseas

Follow @Schaeffers

You Don’t Need 25 Alerts -- You Need ONE You Can Trust!

That’s the idea behind Trade of the Week, Schaeffer’s newest trade alert.

Every Monday morning before the opening bell, you’ll receive a single, expertly researched trade recommendation -- built from the same proprietary research we’ve been using for over four decades.

It’s not just a signal.

It’s a plan designed for traders who are tired of jumping from alert to alert without ever finding their edge.

No juggling alerts. No switching directions mid-week. Just one clear, expertly researched trade idea -- delivered before the market even opens.

👉 JOIN RIGHT NOW FOR JUST $1 TO GET THE NEXT TRADE!