AAL

Overseas Trading: European Markets Rally as Greek Banks Open for Business

The Shanghai Composite muscled higher after regulators announced new guidelines for Internet finance

Jul 20, 2015 at 8:15 AM
facebook X logo linkedin


Stocks in Asia settled mixed amid an ongoing retreat in commodity prices. China's Shanghai Composite outperformed its peers, adding 0.9% after the People's Bank of China posted new guidelines for qualified lenders to enter the Internet finance arena. Meanwhile, Hong Kong's Hang Seng finished 0.04% lower and South Korea's Kospi gave back 0.2%. The Japanese Nikkei was shuttered for holiday.

European bourses have kicked off the week on a positive footing, as Greek banks have re-opened -- and reports are indicating Athens spent its bridge loan to meet existing debt obligations. At midday, the German DAX is up 1%, the French CAC 40 has added 0.8%, and London's FTSE 100 is 0.2% higher.

150720ov5a

 

Same-Day Trading Power: +227% YTD and Counting  — Get in for $10!

We're celebrating 44 years of helping traders win, and you can now tap into one of our most explosive services — Dynamite Day Trading Signals — for just $10.

This service was built for one thing: capturing intraday gains with precision. 

Access two highly-vetted options trades each week -  Complete with defined entries, exits, and a clear plan for same-day profits.

👉 Click Here to Learn More and Position Yourself to Take Action When the Next Alert Hits.