Nikkei Finally Breaks Streak of Gains, European Leaders in Crisis Talks Over Greece
June 2, 2015 7:16 am
The Shanghai Composite continued to make gains in Tuesday’s Asian session, carrying on the reversal of the heavy losses which the Index suffered on Friday. Meanwhile, after narrowly continuing its run of recent gains on Monday, the Nikkei finally snapped this trend in Tuesday’s session, closing down by 0.13%.
In Europe, the Greek Debt Crisis continues to loom large; emergency talks were held in Berlin last night between the political and financial de facto heads of Europe – German Chancellor Angela Merkel, French President Francois Hollande, European Commission Head Jean-Claude Juncker, ECB President Mario Draghi and IMF CEO Christine Lagarde all met to discuss a possible solution before Greece’s Friday repayment deadline. It’s hard to see what may be achieved; all three parties making up the economic ‘Troika’ which originally bailed out Greece seem to be united in their belief that Greece needs to accept greater austerity measures, whilst the Greek Prime Minister Alexis Tsipras has been equally vehement in his refusal to implement any such steps. The DAX is currently down by around 1.15%, whilst the FTSE is not far behind at -0.99%.
US Indices saw gains yesterday, with the Dow closing up by 0.16% at 18,040.37 whilst the S&P500 closed up by 0.21% at 2,111.73. The Nasdaq was also up, by 0.25%, boosted by a surge in Altera corporation’s share price after news broke that Intel intends to buy the company for $16.7 billion. Altera closed up by 5.79% yesterday, though the stock is currently down by 0.23% in pre-market trading.
The Shanghai Composite continued to make gains in Tuesday’s Asian session, carrying on the reversal of the heavy losses which the Index suffered on Friday. Meanwhile, after narrowly continuing its run of recent gains on Monday, the Nikkei finally snapped this trend in Tuesday’s session, closing down by 0.13%.
In Europe, the Greek Debt Crisis continues to loom large; emergency talks were held in Berlin last night between the political and financial de facto heads of Europe – German Chancellor Angela Merkel, French President Francois Hollande, European Commission Head Jean-Claude Juncker, ECB President Mario Draghi and IMF CEO Christine Lagarde all met to discuss a possible solution before Greece’s Friday repayment deadline. It’s hard to see what may be achieved; all three parties making up the economic ‘Troika’ which originally bailed out Greece seem to be united in their belief that Greece needs to accept greater austerity measures, whilst the Greek Prime Minister Alexis Tsipras has been equally vehement in his refusal to implement any such steps. The DAX is currently down by around 1.15%, whilst the FTSE is not far behind at -0.99%.
US Indices saw gains yesterday, with the Dow closing up by 0.16% at 18,040.37 whilst the S&P500 closed up by 0.21% at 2,111.73. The Nasdaq was also up, by 0.25%, boosted by a surge in Altera corporation’s share price after news broke that Intel intends to buy the company for $16.7 billion. Altera closed up by 5.79% yesterday, though the stock is currently down by 0.23% in pre-market trading.
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