Monday, June 22, 2015

Athens at the crossroads, markets with bated breath waiting for the EU leaders and the ECB – TGCOM

The Greek crisis has reached a crossroads: either Athens will find an agreement with its creditors or take Europe into the “uncharted waters” evoked by Mario Draghi , with unpredictable economic and political consequences. The eyes of investors are focused on ‘ Eurogroup ‘ s Eurosummit , which will discuss the measures proposed by Tsipras to unlock new aid and avert default. The plan was welcomed by Brussels .

Juncker: “Progress, but not there yet”

The president Jean Claude Juncker welcomes Prime Minister Alexis Tsipras warmly, giving him a few pats on the shoulder. “In recent days there has been progress – said Juncker – but not there yet. I do not know if there will be an agreement.” “It ‘s time for a substantive solution for Greece,” Tsipras said.

Crisis Solution Greek, the stock flywheel

accelerate European stocks for consideration by Brussels last offer by the Government of Athens to avoid insolvency. Driving increases the square Greek (+ 7.16%), driven by Alpha Bank (+ 22,82%), Eurobank (+ 15,45%), National Bank (+ 14.77%) and Piraeus (+14, 11%). Rise more than 3% for Frankfurt and Paris, followed by Madrid (+ 2.57%) and Milan (+2.24%).

10:26 ECB increases liquidity banks

The European Central Bank today decided to increase the maximum potential liquidity (ELA) to Greek banks. And ‘what writes Bloomberg confirming expectations Eve without specifying the amount of the increase.

Fly the Athens Stock Exchange

Opening in very strong upside to the Athens Stock Exchange. The index Bs Ase earns 6.42% to 731.43 points, with light in the Alpha Bank (+ 15,05%), Eurobank (16.26%), National Bank of Greece (+ 14,77%) and Piraeus Bank (+11.96%).

European stocks brilliant

European stocks brilliant day dell’Eurosummit in Brussels where he will have to examine the latest offering of the Greek government to avoid insolvency. Frankfurt (+ 2.56%) and ‘the best, followed by Paris (+ 2.46%), Madrid (+ 2.35%) and Milan (+ 2%) and London (+ 1.15%) appears more cautious and gave Athens not ‘yet available. Purchases focus on automotive Daimler (+ 3.87%), BMW (+ 3.54%) and Renault (+ 3.36%). The brilliant bank BNP (+ 2.95%) and Agriculture (+2.85%).

Moscovici agreement can

“I believe” that an agreement today about Greece’s possible. So the EU commissioner for economic affairs Pierre Moscovici in an interview with Europe 1 radio, that “the latest proposal of the government,” Athens “in the right direction.”

Crisis Greece, Brussels: good feelings

The new proposals were received from Greece European Commission and “have a good basis for making progress” in the negotiations that will take place all’Eurosummit today. And ‘what writes Martin Selmayr, chief of staff of the EU Commission President, Jean Claude Juncker.

Milan Stock Exchange opened in positive: + 2%

Start by sitting up sharply for the Milan Stock Exchange. The FTSE MIB gain 2.01% to 23,158 points. Sprint Inwit (+ 5.64%) on the day of the debut.

Futures Europe in strong rise

Futures Europe soaring ahead of the Brussels summit on Greece for which there ‘optimism. Contracts for the Paris Stock Exchange rose by 2.89%, followed by Frankfurt (+ 2.13%) and Milan (+ 1.23%). Also rising futures Madrid (+ 0.7%) and London (+ 0.78%), while those on Wall Street rise of 0.56%.

BTP-Bund spread down sharply

out in sharp decline for the BTP-Bund spread which marks, in early trading, 134 points against the 153 of the previous Friday. Markets, explain the operating rooms, there is optimism for a positive agreement to avoid a default by Athens. The yield is expressed equal to 2.15%.

Stock Exchange, Tokyo closed up

The Tokyo Stock Exchange moves faster in the final and ending trade at + 1.26% with the decline of the yen and the confidence on positive change on the debt of Greece. The Nikkei index gained 253.95 points, to 20,428.19. The markets believe the hypothesis that it can be averted default greek after the Prime Minister Alexis Tsipras has presented a package of reforms. In addition, the ECB has raised the cap on loans to Greek banks.

The euro rises on hold summits on Greece

The euro strengthened again on the square waiting for the Japanese currency to melt the stalemate on the debt crisis in Greece: the single currency, compared to this morning, it goes to $ 1.1378 and 139.70 yen. The greenback, however, remains stable against the Japanese currency and share changing hands at 122.83.

bag, eyes on Greece in Tokyo

Looking forward to the desired positive change on the negotiation of the debt of Greece, the Tokyo Stock Exchange opened the session unchanged , with the Nikkei index that yields just 0.10 points, to 20,174.14 share.

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