• Global Stocks: markets are waiting for news on Greece

Market news

22 June 2015

Global Stocks: markets are waiting for news on Greece

U.S. stocks have given up some of their gains and ended lower ahead of Monday meeting of the euro zone leaders. This meeting should produce a decision on Greece's debt crisis and remove uncertainty, which weighs on markets.


The Dow Jones industrial average dropped 99.89 points, or 0.55%, to 18,015.95. The Standard & Poor's 500 fell by 11.25 points, or 0.53%, to 2,109.99. The Nasdaq Composite retreated by 15.95 points, or 0.31%, to close at 5,117.


Asian stocks have started this week with cautious optimism. Hong Kong Hang Seng rose by 0.40%, or 107.37 points, to 26,867.90. Meanwhile the Nikkei rose by 0.99%, or 199.03 points, to 20,373.27. China mainland markets are on holiday today.


Hopes for a Greek deal were the key positive contributor ahead of today's meeting as a deadline for a 1.6 billion euro ($1.81 billion) payment to the International Monetary Fund expires on June the 30th.

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