The greenback is mostly advancing vs. its main competitors on Wednesday, with the exception of the British pound. In the meantime, markets’ focus remains on the extraordinary Eurogroup meeting due later in the European evening.
EU finance ministers will discuss the recent Greek proposal ahead of tomorrow’s EU Leaders’ Summit and another (definitive?) Eurogroup meeting on Monday. It is worth recalling that both A.Tsipras and Y.Varoufakis point to a ‘bridge-loan’ when the current bailout ends on February 28th, in order to cover the funding needs until September. Market consensus still remains unbiased regarding the potential outcome of the meeting, although yesterday’s optimism from Greek officials left the door open for a positive agreement.
Stock markets in Euroland are trading on a cautious tone, reflected in the current drops of the DAX and the FTSE100, down 0.41% and 0.42%, respectively.
In addition, the barrel of crude oil is navigating sub-$50.00 levels and retreating almost 1%, whereas the ounce troy of Gold is posting meagre gains around $1,235.
EU finance ministers will discuss the recent Greek proposal ahead of tomorrow’s EU Leaders’ Summit and another (definitive?) Eurogroup meeting on Monday. It is worth recalling that both A.Tsipras and Y.Varoufakis point to a ‘bridge-loan’ when the current bailout ends on February 28th, in order to cover the funding needs until September. Market consensus still remains unbiased regarding the potential outcome of the meeting, although yesterday’s optimism from Greek officials left the door open for a positive agreement.
Stock markets in Euroland are trading on a cautious tone, reflected in the current drops of the DAX and the FTSE100, down 0.41% and 0.42%, respectively.
In addition, the barrel of crude oil is navigating sub-$50.00 levels and retreating almost 1%, whereas the ounce troy of Gold is posting meagre gains around $1,235.
