European stocks surged, fueled by the prospect that a deal for debt-burdened Greece may soon be reached. Key indices in France, Germany and UK were up 1.12% to 2.96%.
Greece has reportedly presented a new plan to stave off default before an emergency summit on the country's debt crisis. The Greek government's new proposals include tax increases and spending cuts to hit budget targets. The head of the cabinet to European Commission President Jean-Claude Juncker reportedly said in a tweet yesterday, 21 June 2015, that Greece's package is a good basis for progress at the euro summit.
An emergency euro zone summit has been scheduled today, to discuss Greece's fate. Greece is up against a June 30 deadline to make a 1.6 bililon ($1.8 billion) repayment to the International Monetary Fund, with larger payments to the European Central Bank falling due next month.
Asian markets edged higher today, on reports that Greece has presented a new plan to stave off default before an emergency summit on the country's debt crisis. Key indices in Japan, Hong Kong, Taiwan, Singapore and South Korea were up 0.4% to 1.34%. In Indonesia, the Jakarta Composite was off 0.52%. The Chinese stock market was shut for a holiday.
Trading in US index futures indicated that the Dow could jump 134 points at the opening bell. US stocks edged lower during the previous trading session on Friday, 19 June 2015, as the persistent deadlock in Greek debt talks made investors cautious heading into the weekend.
The Indian barometer index, the S&P BSE Sensex, and the 50-unit CNX Nifty, both, attained three-week closing high. Stocks rose across the globe on reports that Greece has presented a new plan to stave off default before an emergency summit on the country's debt crisis. The Sensex surged 414.04 points or 1.52% to settle at 27,730.21. Key benchmark indices traded in positive zone throughout the trading session.
Foreign portfolio investors (FPIs) sold shares worth a net Rs 108.11 crore into the secondary equity market during the previous trading session on Friday, 19 June 2015, as per data from National Securities Depository. Domestic institutional investors (DIIs) bought shares worth a net Rs 447.55 crore on Friday, 19 June 2015, as per provisional data released by the stock exchanges.
Greece has reportedly presented a new plan to stave off default before an emergency summit on the country's debt crisis. The Greek government's new proposals include tax increases and spending cuts to hit budget targets. The head of the cabinet to European Commission President Jean-Claude Juncker reportedly said in a tweet yesterday, 21 June 2015, that Greece's package is a good basis for progress at the euro summit.
An emergency euro zone summit has been scheduled today, to discuss Greece's fate. Greece is up against a June 30 deadline to make a 1.6 bililon ($1.8 billion) repayment to the International Monetary Fund, with larger payments to the European Central Bank falling due next month.
Asian markets edged higher today, on reports that Greece has presented a new plan to stave off default before an emergency summit on the country's debt crisis. Key indices in Japan, Hong Kong, Taiwan, Singapore and South Korea were up 0.4% to 1.34%. In Indonesia, the Jakarta Composite was off 0.52%. The Chinese stock market was shut for a holiday.
Trading in US index futures indicated that the Dow could jump 134 points at the opening bell. US stocks edged lower during the previous trading session on Friday, 19 June 2015, as the persistent deadlock in Greek debt talks made investors cautious heading into the weekend.
The Indian barometer index, the S&P BSE Sensex, and the 50-unit CNX Nifty, both, attained three-week closing high. Stocks rose across the globe on reports that Greece has presented a new plan to stave off default before an emergency summit on the country's debt crisis. The Sensex surged 414.04 points or 1.52% to settle at 27,730.21. Key benchmark indices traded in positive zone throughout the trading session.
Foreign portfolio investors (FPIs) sold shares worth a net Rs 108.11 crore into the secondary equity market during the previous trading session on Friday, 19 June 2015, as per data from National Securities Depository. Domestic institutional investors (DIIs) bought shares worth a net Rs 447.55 crore on Friday, 19 June 2015, as per provisional data released by the stock exchanges.
