LONDON, June 30 (Reuters) - European shares are set to rise for a fourth
straight day on Thursday, with investors' risk appetite rising on expectations
that an initial positive vote by Greece's parliament on austerity measures will
help the country in avoiding a default.
Britain's FTSE 100 was likely to open 17 to 21 points higher, or up
as much as 0.4 percent; Germany's DAX was set to gain 20 to 24 points,
or up as much as 0.3 percent and France's CAC-40 was set to rise 7 to 11
points, or as much as 0.3 percent higher, according to financial bookmakers.
"The successful passage of the Greek austerity measures has put traders in a
'risk on' mood. Whilst the parliamentary vote was only one of many hurdles, and
another crucial vote today on the implementation of the measures has to be
surpassed, traders are feeling confident that a default can be averted," said
Jonathan Sudaria, dealer at Capital Spreads.
MARKET SNAPSHOT AT 518 GMT
LAST PCT CHG NET CHG
S&P 500 1,307.41 0.83 % 10.74
NIKKEI 9,811.97 0.15 % 14.71
MSCI ASIA EX-JP 1.21 % 6.78
EUR/USD 1.4501 0.49 % 0.0070
USD/JPY 80.32 -0.53 % -0.4300
10-YR US TSY 3.104 -- -0.02
YLD
10-YR BUND YLD 2.988 -- 0.00
SPOT GOLD $1,512.5 0.06 % $0.96
1
US CRUDE CLc1 $95.27 0.53 % 0.50
* Stocks, euro climb as Greece votes for austerity
* Nikkei runs out of steam after hitting 7-week high
* Wall St posts biggest 3-day surge in three months
* Euro extends gains, cheered by Greek vote
* LME Copper steadies after Greek vote
* Gold inches up on weak dollar after Greek vote
* TREASURIES-Advance as Asian investors hunt bargains
* Brent stays above $112 on Greece vote, tight US stocks
(Reporting by Atul Prakash; Editing by Hans-Juergen Peters)
Originally Published On: www.reuters.com – Original Article Here