www.varchev.com

European equities are expected to open higher Wednesday, despite Greece.

Rating:

12345
Loading...

European equities are expected to open higher Wednesday, despite Greece on Tuesday becoming the first advanced economy to effectively default on a loan with the International Monetary Fund (IMF).

The move was widely expected following the collapse of talks at the weekend between Greece and its international lenders on reforms. Had the reforms talks succeeded, Greece could have received a last tranche of bailout aid with which to pay its older debts.

Instead, Greek Prime Minister Alexis Tsipras surprised lenders at the weekend by calling a snap referendum on Greece's bailout program and austerity measures. The investors remained hopeful that Greek voters will accept the terms of the rescue program.

The Eurogroup of euro zone finance ministers will hold a new conference call on Greece at 10:30 London time on Wednesday, its chairman Jeroen Dijsselbloem said on Tuesday. Crucially too for Greece, the European Central Bank is expected to review its emergency liquidity assistance (ELA) for Greek banks.

The price of gold fell on Tuesday as the euro fell. The effects of the Greek crisis to be weak in the US and insufficient to cause the Federal Reserve to deviate from its intention to increase the interest rate.


 Varchev Traders
RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance

London


25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256

Universal numbers

World Financial Markets - 0700 17 600    Varchev Exchange - 0700 115 44

Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.

Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006

The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.


Disclaimer:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

chat with dealer
chat with dealer
Cookies policy