Overseas Trading: Europe Stocks Mixed as Germany Weighs In on Greece

Germany's parliament voted today on whether or not to accept Greece's new bailout plan

by Karee Venema

Published on Jul 17, 2015 at 8:03 AM

Most Asian markets followed their Wall Street counterparts higher. China's Shanghai Composite, for example, jumped 3.5% to notch a second straight day of gains, while Hong Kong's Hang Seng added 1% -- and snapped its four-week losing streak -- thanks to a rally in brokerage names. Japan's Nikkei, meanwhile, rose 0.3% as the yen fell to a three-week low against the dollar. South Korea's Kospi sat out the regional advance, though, shedding 0.5% after shareholders voted in favor of a  nearly $8 billion merger between Samsung C&T and Cheil Industries.

European benchmarks are mixed at midday, after Germany's parliament voted in favor of negotiating a bailout for Greece -- a plan that has already been approved by Greek officials. Additionally, traders are digesting yesterday's news that the European Central Bank (ECB) granted a financial lifeline to Greece, which should allow the country's banks to reopen on Monday after a nearly three-week hiatus. Against this backdrop, the German DAX is off 0.3% and London's FTSE 100 is down 0.1%, while the French CAC 40 is up 0.1%.

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