Vlad Demochko
European stock indices are trading in the green zone today. The major reason is the resolution of the Greek issue. The Euro Group has finally decided to provide Greece with another loan, which is estimated at € 43,7bn.
The current market situation looks as follows:
· Stoxx Europe 600: + 0,5% up to 273,26.
· Dow Jones Euro Stoxx 50: +0,512% up to 2555,54.
· FTSE 100: + 0,49% up to 5814,94.
· CAC 40: + 0,58% up to 3521,34.
· DAX: + 0,60% up to 7335,57.
The chart below, courtesy of , reflects the current state of affairs in the market of EURO STOXX 50. The experts expect the index to finish consolidating around 2557 and to initiate another bullish momentum up to new highs.
Vlad Demochko
