Most European stocks firmer on open, Greece – in focus

FXStreet (Mumbai) – European markets opened the week on a positive tone with most European indices advancing in a calmer session amid lack of macro-economic triggers. However, the FTSE ditched its other European counterparts, erasing early gains and now turned in the negative territory.

European traders remain optimistic on the Greece front at the start of this week after Friday’s 3rd vote out approval by the Greek parliament. Market now eyes Euro zone national parliaments which will be voting later this week on whether to ratify the Greek third bailout deal.

Germany’s policymakers are due to vote on the program on Wednesday, with Chancellor Angela Merkel stating the IMF would be involved in the deal. While on Thursday, markets will pay increased attention to Greece as Athens should make a loan repayment to the European Central Bank (ECB).

Germany’s DAX 30 index trades 0.16% at 11k marker while the UK benchmark FTSE 100 dropped -0.36% and trades at 6,526. Among the other indices, the French CAC 40 index +0.33% to 4973, and the pan-European Euro Stoxx 50 is up 0.27% to 3,500.

European markets opened the week on a positive tone with most European indices advancing in a calmer session amid lack of macro-economic triggers. However, the FTSE ditched its other European counterparts, erasing early gains and now turned in the negative territory.

(Market News Provided by FXstreet)