Nikkei Hits 15-Year High on Possible Greece-Euro Deal, Ladbrokes Up on News of Possible Coral Merger
June 23, 2015 7:38 am
The DAX-30 and CAC-40 indices are both up this morning, the former by around 1% and the latter by around 0.84%, with hopes raised regarding the prospect of a deal between Greece and its creditors. However, the uncertainty regarding such a deal still hangs heavy, and this seems to be weighing on the Euro; Sterling is close to a 7-year high against the Common Currency, with the exchange rate currently at around £1 to €1.41. Over in Asia the markets were focussed on the positive, with the Shanghai Composite, Hang Seng and Nikkei all closing up; the last hitting a 15 year high and closing at 20,809.42; the Index is less than 25 points away from hitting an 18 year high, with 20,833.21 last reached in June 1997.
In the equities sector, betting company Ladbrokes is up by over 10% this morning after news broke of a possible merger between themselves and Gala Coral Ltd. Such a deal would make the amalgamated firm the UK’s largest bookmaker in terms of betting shops, far outstripping the current market leaders in this area, William Hill. Ladbrokes’ CEO Jim Mullen has stressed that such talks are in their very early stages, with no guarantees of any deal at this point in time.
The DAX-30 and CAC-40 indices are both up this morning, the former by around 1% and the latter by around 0.84%, with hopes raised regarding the prospect of a deal between Greece and its creditors. However, the uncertainty regarding such a deal still hangs heavy, and this seems to be weighing on the Euro; Sterling is close to a 7-year high against the Common Currency, with the exchange rate currently at around £1 to €1.41. Over in Asia the markets were focussed on the positive, with the Shanghai Composite, Hang Seng and Nikkei all closing up; the last hitting a 15 year high and closing at 20,809.42; the Index is less than 25 points away from hitting an 18 year high, with 20,833.21 last reached in June 1997.
In the equities sector, betting company Ladbrokes is up by over 10% this morning after news broke of a possible merger between themselves and Gala Coral Ltd. Such a deal would make the amalgamated firm the UK’s largest bookmaker in terms of betting shops, far outstripping the current market leaders in this area, William Hill. Ladbrokes’ CEO Jim Mullen has stressed that such talks are in their very early stages, with no guarantees of any deal at this point in time.
Related Posts: