The recent news concerning the economic state of Greece have had the most impact on today’s sessions, since the country has been given until Friday this week to request an extension of its bailout after the talks have not been fruitful on Monday. The reactions for the current situation with Greece have had mixed results over the markets today. Firstly, The German DAX was down 0.48%, while the CAC 40 was down 0.30%. On the other hand, the FTSE 100 was up by 0.20% before the European session closed, with most of the stocks gaining from optimism over the current economic situation, empowered by the recent release of the ZEW Economic Sentiment.
Elsewhere, the US indices were down after the holiday as they were affected by multiple factors. The recent drop in oil prices has dragged The S&P500 down 0.14% before the closing of the trading session, bringing it down from its high level that was reached on Friday. Most of the stocks associated with the Dow Jones Industrial Average traded lower during today’s session, the index was down 0.20% and reaching 17,983. Lastly, the Nasdaq was down 0.13% to the value of 4,887.
Despite Japan’s improved economy, the Nikkei was down after today’s session by 0.10% reaching 17,987. The Chinese indices, on the other hand, seem to benefit before the upcoming Lunar New Year as they have performed better than the Nikkei, as both the Shanghai Composite and Hang Seng were up before the closing of the Asian session. Although the economic tension in the euro zone that are still pending, and the geopolitical situation in Ukraine is not be directly linked to other regions, yet it may have also affected different indices negatively as traders become more concerned.
The recent news concerning the economic state of Greece have had the most impact on today’s sessions, since the country has been given until Friday this week to request an extension of its bailout after the talks have not been fruitful on Monday. The reactions for the current situation with Greece have had mixed results over the markets today. Firstly, The German DAX was down 0.48%, while the CAC 40 was down 0.30%. On the other hand, the FTSE 100 was up by 0.20% before the European session closed, with most of the stocks gaining from optimism over the current economic situation, empowered by the recent release of the ZEW Economic Sentiment.
Elsewhere, the US indices were down after the holiday as they were affected by multiple factors. The recent drop in oil prices has dragged The S&P500 down 0.14% before the closing of the trading session, bringing it down from its high level that was reached on Friday. Most of the stocks associated with the Dow Jones Industrial Average traded lower during today’s session, the index was down 0.20% and reaching 17,983. Lastly, the Nasdaq was down 0.13% to the value of 4,887.
Despite Japan’s improved economy, the Nikkei was down after today’s session by 0.10% reaching 17,987. The Chinese indices, on the other hand, seem to benefit before the upcoming Lunar New Year as they have performed better than the Nikkei, as both the Shanghai Composite and Hang Seng were up before the closing of the Asian session. Although the economic tension in the euro zone that are still pending, and the geopolitical situation in Ukraine is not be directly linked to other regions, yet it may have also affected different indices negatively as traders become more concerned.