European Stocks Tilt Upward as Greece Deal Forges Ahead

LONDON (TheDeal) -- Mainland European stock markets staged a modest rebound on Monday, as fears about a long-running plunge in the renminbi ...

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Europe Stocks Rise After Worst Week in Month as Greek Shares Up

… :01 a.m. in London. Greece’s ASE Index rallied 1 …

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FTSE 100 CLOSE — what you need to know

The FTSE 100 index of leading shares just closed down 0.07%, or 4.75 points at 6683.87, in London. Despite it looking like a boring day, there have actually been a lot of big movers. The stock market was dragged lower by drug maker Shire, which tanked 5.4% after announcing plans to buy New York-listed biotech firm Baxalta for $30 billion. Investors clearly don't back the deal. Baxalta was only spun out of Baxter International a month ago. Greek bottling company Coca Cola HBC was another big faller dropping 5.3%. It was dragged down by the continued slump on the Athens Stock Exchange. But those big falls were evened out by two big risers: Meggitt — up 7.7% after aerospace group announced 10% rise in first half revenue and new £10.2 million contract with Ministry of Defence. Smith Group — up 4.8% after reports that activist investor ValueAct, which has just bought a stake in Rolls Royce, has bought a stake. On the FTSE 250 index Vedanta Resources closed up 5% as investors piled in after a recent share price rout. Lonmin fell 8.3%, as the platinum miner was hit by fall in the price of the precious metal.Join the conversation about this story » NOW WATCH: The cheapest new Ferrari money can buy is absolutely gorgeous

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Europe ends higher, Greece plummets over 16%

Investors were shaken as talks between Greece and its negotiators stalled, once again. A special Eurogroup meeting was held on Wednesday, but ...

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China's stock market turbulence is over? Don't count on it

The extraordinary recent boom-bust trading pattern appears to be have been halted, but China’s growth model has to change and become less reliant on investmentThe numbers are mind-boggling. Ten days of falls on the Shanghai stock exchange resulted in losses that exceeded the GDP of Mexico. And 12 million Chinese citizens who opened share trading accounts in May were nursing potentially ruinous losses. Margin trading – speculating on the stock exchange with borrowed money – increased five-fold in a year to 2.3tn yuan (£230bn).While Europe’s focus has been the crisis in Greece, the Chinese stock market has been gripped by panic. The value of shares went up by 150% in little more than a year, then fell by 50% in just a few weeks. Continue reading...

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STOCKS RALLY INTO THE CLOSE: Here's what you need to know (SPY, DJI, IXIC, USO, WTI, OIL, VDE, GLD, SLV)

Stocks staged a comeback after heading for what would've been a second straight selloff this week. The Dow fell more than 200 points and the S&P 500 went red for the year, but stocks firmed in the final 90 minutes of trading and closed near their highs of the day. First, the scoreboard: Dow: 17,776.91, +93.33, (0.53%) S&P 500: 2,081.34, +12.58, (0.61%) Nasdaq: 4,997.46, +5.52, (0.11%) And now, the top stories on Tuesday: Oil turned green following a 4% drop. After plunging to a three-month low of around $50.75 per barrel, West Texas Intermediate crude rallied, touching $52.90. On Monday, crude fell more than 7%. Other commodities got smoked. Gold fell more than $15 an ounce to the weakest in nearly three months, at around $1146.80. Until today, gold had shrugged the global market selloff following the Greek referendum vote on Sunday, and a strengthening US dollar. Silver dropped more than 4% to a seven-month low of $14.62. Platinum sank even lower after falling to a seven-year trough on Monday, and it touched $1,039.60 today.  The trade deficit widened 2.9% to $41.9 billion, less than expected, in May. Exports had the biggest fall in three months. Economists had forecast a deficit of $42.7 billion from $40.9 in April. In a note to clients after the data, Pantheon Macroeconomics' Ian Shepherdson wrote, "in one line: Trade will add to Q2 GDP growth, but core exports remain very weak." Shake Shack shares fell 10% after Morgan Stanley analysts said the stock is too expensive. They cut their rating on the burger chain to "Underweight" from "Equal Weight." "While a powerful emerging brand executing on all its early commitments to its investors, [the] stock is overpriced, in our view, potentially reflecting both technical market dynamics as well as 'brand'-related optimism that is not supported by fundamentals," they wrote. Deutsche Bank downgraded Tesla shares to "Hold" from "Buy" while raising their price target 14% to $280 from $245. They believe the company has tremendous growth ahead, but much of it is already factored into the share price. Tesla shares fell more than 4%. Chinese stocks fell on Tuesday despite several measures authorities took over the weekend to rescue the market. On Monday, nearly 25% of all stocks stopped trading to "self preserve," state media reported. The Shanghai Composite index closed down 1.3%. On Saturday, the government announced a "market-stabilization fund" supported by about 21 Chinese brokerages, who pledged to buy shares worth around 120 billion yuan ($19.3 billion.)  DON'T MISS: JPMorgan's ultimate guide to the markets and the economy »Join the conversation about this story » NOW WATCH: Take a tour of the $367 million jet that will soon be called Air Force One

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Ashley Madison is close to abandoning its London IPO

Extra-marital affairs dating website Ashley Madison revealed that it could abandon its widely publicised London IPO, which was estimated to raise £135 million ($200 million) to fuel a massive expansion, because it has potentially found a "better option." Noel Biderman, CEO of Avid Life Media which owns Ashley Madison as well as a range of other niche dating websites, told Business Insider in a telephone interview that after a two-month roadshow, the number of potential options for the group's shareholders has widened and now listing on a stock exchange isn't necessarily the No.1 choice. The last time we spoke to Biderman in April, he seemed pretty deadset on his company launching an IPO in London. But after courting a number of unnamed London banking giants, Biderman said they haven't secured a bookrunner for the listing. "There is no change in securing a bank to lead an IPO but right now we are looking and assessing two different strategies. We can do a straight-up IPO, but since the news of the potential launch was made, we got a lot of attention and this has garnered a range of further options," said Biderman.  "With the kind of income we generated over the last eight years and if we remain as profitable as we are now over the next eight years, it may be in our current shareholders' interest to for us to use an investment vehicle to give them set dividends. For example, investing $1 a year, would give you $1 in return the following year, rather than investing $1 and potentially getting $5 some time down the road." Does this mean Ashley Madison will abandon its IPO completely? "We are not a typical tech company and we have a subscriptions model. We never wanted to launch an IPO because we had to, or to get funding to keep the lights on, we just thought it was one of the best options for expanding and giving good returns to shareholders. We generate tens of millions in cash flows," said Biderman.  "We always said that we would take the next few months to see what options there are for us and we don't want to rush and make a mistake, but we are looking to commit to a decision around August." In 2014, it had $115 million (£76 million) in revenues, which is almost a fourfold increase since 2009. This is largely pegged to a growth in female users, according to Biderman. He said that revenue is projected to reach over $150 million (£99 million) over the next year or so, as membership from culturally conservative parts of the world is surging. Since the IPO news was released in April, subscriptions have gone up. "We have increased our subscriptions by 20% in the last two months to 37 million users. I don't just attribute it to our potential IPO news from April, or that the listing news legitimised us, I just think it is part of the broader acceptance of how people hook up," said Biderman. So what are the factors for deciding whether Ashley Madison will abandon its IPO plans for the private investment vehicle? "Well, IPOs also depend on market conditions. At the moment there is the global macroeconomic situation with Greece, which could affect markets. Then we have seen this potential Match.com IPO news come up and this could be certainly very interesting for us down the line. So we have to see."Join the conversation about this story » NOW WATCH: This 1998 supercar could auction for $15 million

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European Markets Seen Better Positioned to Handle Greek Default

Investors are steering well clear of toxic Greek stocks and bonds—Athens' main stock index has lost almost half its value in the past year and the yield ...

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STOCKS FALL: Here's what you need to know (SPY, DJI, IXIC, USO, WTI, OIL, VDE, FOGO, FIT, TLT, RHT)

Stocks lost ground through the trading day after a record-setting session for the Nasdaq on Thursday, but managed to close in positive territory for the week. First, the scoreboard: Dow: 18,022.62, -93.22, (-0.51%) S&P 500: 2,111.44, -9.80, (-0.46%) Nasdaq: 5,118.42, -14.53, (-0.28%) And now, the top stories on Friday: The US oil rig count fell for a 28th straight week. The latest data from driller Baker Hughes showed that the number of oil rigs in operation fell by four to 631, the lowest level since August 6, 2010. The combined count of oil and gas rigs fell by two to 857, the lowest since January 17, 2003. US oil supply is still robust, although the Energy Information Administration forecasts that production will fall from this month through early 2016. Crude oil prices had slumped ahead of the rig count data and remained weak through the trading day. West Texas Intermediate crude oil fell more than 2% to as low as $59.25 per barrel. Brent crude slumped to as low as $62.35, roughly one year since the international benchmark topped near $107 per barrel.  Shares of Brazilian steakhouse chain Fogo de Chão surged 30% on the first day of trading. The company had priced its IPO at $20, and shares climbed as high as $26.55. That price values the company at about $719 million. The restaurant features an all-you-can-eat selection of slow-cooked meats. It earned $262 million in revenues last year, according to a regulatory filing. Fitbit shares rallied as much as 14% one day after a stellar IPO. On Thursday, the stock opened 52% higher than the IPO price of $20 a share. It climbed to as high as $33.95 today, and is now up about  60% from the IPO price. Shale oil drillers are spending a record amount of their revenues on bond interest payments, according to Bloomberg. The US shale boom was funded mostly with debt, not cash or equity. As interest payments to creditors loom and revenues shrink, a growing number of companies face the possibility of defaults, or even bankruptcy.  This week saw the most outflows on record from government bonds, according to Bank of America Merril Lynch. In a note Friday, strategists wrote that $2.7 billion was pulled out from the securities. They noted that concerns about Greece, higher interest rates, and the spike in German bund yields, have driven the flight from fixed income. Meanwhile, $1.8 billion flowed into European equities – the most in four weeks.  Red Hat surged to a 15-year high. The open-source software provider reported first-quarter earnings after the close on Thursday, beating on the top and bottom lines. It posted earnings per share of $0.44 (versus $0.41 expected) and sales of $481 million (versus $473 million expected.) The stock rallied to as high as $81.49; it hasn't traded near $80 since the peak of the internet bubble in 2000. DON'T MISS: 'Capital controls imminent' as money floods out of Greece's banks and default looms »Join the conversation about this story » NOW WATCH: Two models in Russia just posed with a 1,400-pound bear

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NASDAQ RECORD HIGH: Here's what you need to know (SPY, DJI, IXIC, USD, EUR, IBB, DWGC, USD, GLD, SLV, IBB)

The Nasdaq reached a 15-year intraday high and closed at a record peak on the best day for the US stock market this week.  First, the scoreboard: Dow: 18,139.76, +204.02, (1.14%) S&P 500: 2,122.28, +21.84, (1.04%) Nasdaq: 5,134.21, +69.33, (1.37%) And now, the top stories on Thursday: There is "no agreement yet is in sight" between Greece and its creditors. Eurogroup president Jeroen Dijsselbloem said this in a press conference after a meeting of Eurogroup finance ministers. Greece is due to pay €1.5 billion ($1.70 billion) to the IMF in less than two weeks, and most likely doesn't have the funds. Today's meeting had been considered the landmark moment preceding a serious fallout. There was a huge rally in Athens to press for a deal. After the press conference, Bloomberg reported that Dijsselbloem said Greece is headed for a Euro exit. The euro climbed to a one-month high of 1.1436 against the dollar. The Athens Stock Exchange General Index fell more than 18% to a three-year low before the meeting. Fitbit soared 52% above its IPO price of $20 per share at the open on its first day of trading. The opening price valued the company at about $6.3 billion. The company had raised its price range to $17 - $19 from $14 - $16 and the number of shares on offer, after investors showed strong demand. The average insider owns the stock at $0.37 a share, according to CNBC. Fitbit is trading on the New York Stock Exchange with the ticker FIT. On Thursday we also go our final 3 pieces of major economic data for the week: Inflation rose less than expected in May. Headline consumer prices rose 0.4% month-over-month and 0.1% year-over-year. Prices were flat month-over-month, and up 1.7% year-over-year on a "core" basis. May marked the first month since February that headline inflation didn't fall year-over-year, although the plunge in gas prices is still a factor. "We think that the brief and energy-driven deflation period in US inflation is likely behind us, and we expect inflation to gradually pick up in H2 15," Barclays economists wrote in a client note after the release. Initial jobless claims fell more than expected last week. Claims for unemployment insurance fell 12,000 to 267,000, marking the 15th straight week that the number read below 300,000. The four-week moving average now stands at 276,750, down 2,000 from the previous week.  The Philadelphia Fed's latest manufacturing report came in at 15.2, crushing expectations for a reading of 8.0. This was the highest reading for the measure since December. The report showed that demand for manufactured goods increased as employment expanded, and the number of firms increasing hiring exceeded the number of firms trimming staff.  Gold and silver rallied more than 2%. Gold crossed the key $1,200 per ounce level to around $1,205, the highest level in three weeks. Silver climbed to as high as $16.40 an ounce.  The iShares Nasdaq Biotechnology ETF rallied as much as 3% to a record high. The ETF, which tracks stocks in the industry, has seen two big plunges this year, including a major correction in April. It's up more than 50% since mid-July 2014, when Federal Reserve chair Janet Yellen said biotech stock valuations "appear substantially stretched." Some Wall Street firms including Citi have voiced concern that the industry is in a bubble. DON'T MISS: Here's when 17 Wall Street gurus think the Fed will hike rates »Join the conversation about this story » NOW WATCH: Two models in Russia just posed with a 1,400-pound bear

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Week ahead: Fed’s inflation view awaited

Greece talks with creditors in focus as deadline nears; also Fitbit set to price shares for IPO

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European shares fall amid Greek default fears

Shares on European stock markets have fallen sharply amid reports that senior EU officials have discussed a possible Greek default for the first time. The Athens stock exchange closed nearly 6% lower. Germany's Dax and France's Cac 40 ended more than 1% lower.

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STOCKS SOAR: Here's what you need to know (SPY, DJI, IXIC, USO, WTI, OIL, VDE, UST, USD, GPRO, ETSY, TGT, NFLX)

After several days of muted gains, stocks posted an impressive rally. The Dow finished green for the first time in five sessions, and the S&P 500 had its biggest percentage gain in a month. All sectors of the S&P 500 closed positive. First, the scoreboard: Dow: 18,000.40, +236.36, (1.33%) S&P 500: 2,105.20, +25.05, (1.20%) Nasdaq: 5,076.69, +62.82, (1.25%) And now, the top stories on Wednesday: Stocks opened higher but really gained momentum on news that Germany may be giving Greece the chance to come up with one economic reform that would attract bailout funds. Two people familiar with Germany's affairs told Bloomberg that the country still wants Greece to come up with a comprehensive package including higher taxes and lower retirement benefits. But this latest news could mean Greece could get a temporary breather. Treasuries continued selling off. The yield on the 10-year note rose to as high as 2.49%, the highest since October 1, and the long 30-year bond yield jumped to 3.22%, the highest since last September. PIMCO's Total Return Fund slashed its holdings of government bonds by two thirds in May, right before the sell off we've seen this month, according to Bloomberg. German bund yields also spiked; overnight, the benchmark 10-year yield crossed 1% for the first time since September. Crude oil prices sustained a rally from Tuesday. The Energy Information Administration reported that US commercial crude inventories fell for a fifth straight week last week, by 6.81 million barrels. Inventories remain at the highest level for this time of year in about 80 years, even as US production continues to soar. West Texas Intermediate crude oil rose to as high as $61.81 per barrel, while Brent crude, the international benchmark, climbed to $66.34 a barrel. The rally in oil supported energy stocks, according to Dave Lutz at Jones Trading. The Bureau of Labor Statistics released the latest data on employer costs for employee compensation, or ECEC. It showed that employer costs rose 4.9% year-over-year in March despite a general economic slowdown in Q1. In note to clients, UBS' Samuel Coffin wrote that investors ignore this at their own peril: "Private sector wages and salaries actually accelerated to 4.7%y/y from 4.6%. If Fed Chair Yellen is targeting 3-4% wage and salaries inflation as a signal of labor market repair, maybe she's there." Netflix exploded to a record high of $692.79 a share. The stock jumped by more than 6% in trading, and has nearly doubled in value year-to-date. The rally comes after the company's shareholder meeting on Tuesday, in which it authorized an increase in shares outstanding. This makes a stock split likely, in which the stock gets less expensive as shareholders get multiple shares for every one they currently own.  Etsy rallied more than 8%. In a regulatory filing made Monday, the company disclosed that hedge fund Tiger Global Management raised its holding of stock to 8.9% of all outstanding shares, from 7.3% as of mid-April. The rally still left the stock price around nearly half of the level it reached in trading on the day it went public in April – around $30 per share. Etsy had priced its IPO at $16. GoPro shares slumped 5% after Citi analysts wrote that the company's point-of-view cameras may never catch mainstream appeal. In a note Wednesday, the analysts slashed their forecast for product growth to 13.5 million units by 2018 from 16 million units. Following a survey, they noted that fewer people are planning to buy a GoPro camera in the next 12 months than a year ago. Also, the drone market is threatening to slowdown the action camera market. General Motors turned down a merger with Fiat Chrysler. The FT reported that GM CEO Mary Barra disclosed this at the annual shareholders' meeting in Detroit on Tuesday; she had received a letter from Fiat CEO Sergio Marchionne, who wished to create the world's top automobile company and cut costs. Barra had reportedly turned down a previous offer.  Egg prices are going nuts. Data released Wednesday from the US Department of Agriculture showed that the average price of a dozen eggs will rise to a record high this year, according to Reuters. That's because of the worst bird flu outbreak that we've ever seen. The USDA raised its forecast for the price of a dozen Grade A large eggs in New York to $1.60 to $1.66 in 2015, and between $1.73 to $1.87 on average in the fourth quarter. DON'T MISS: Something peculiar is going on in the final 30 minutes of trading, and it's not good »Join the conversation about this story » NOW WATCH: Two models in Russia just posed with a 1,400-pound bear

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STOCKS SOAR: Here's what you need to know (SPY, DJI, IXIC, USO, WTI, OIL, VDE, UST, USD, GPRO, ETSY, TGT, NFLX)

After several days of muted gains, stocks posted an impressive rally. The Dow finished green for the first time in five sessions, and the S&P 500 had its biggest percentage gain in a month. All sectors of the S&P 500 closed positive. First, the scoreboard: Dow: 18,000.40, +236.36, (1.33%) S&P 500: 2,105.20, +25.05, (1.20%) Nasdaq: 5,076.69, +62.82, (1.25%) And now, the top stories on Wednesday: Stocks opened higher but really gained momentum on news that Germany may be giving Greece the chance to come up with one economic reform that would attract bailout funds. Two people familiar with Germany's affairs told Bloomberg that the country still wants Greece to come up with a comprehensive package including higher taxes and lower retirement benefits. But this latest news could mean Greece could get a temporary breather. Treasuries continued selling off. The yield on the 10-year note rose to as high as 2.49%, the highest since October 1, and the long 30-year bond yield jumped to 3.22%, the highest since last September. PIMCO's Total Return Fund slashed its holdings of government bonds by two thirds in May, right before the sell off we've seen this month, according to Bloomberg. German bund yields also spiked; overnight, the benchmark 10-year yield crossed 1% for the first time since September. Crude oil prices sustained a rally from Tuesday. The Energy Information Administration reported that US commercial crude inventories fell for a fifth straight week last week, by 6.81 million barrels. Inventories remain at the highest level for this time of year in about 80 years, even as US production continues to soar. West Texas Intermediate crude oil rose to as high as $61.81 per barrel, while Brent crude, the international benchmark, climbed to $66.34 a barrel. The rally in oil supported energy stocks, according to Dave Lutz at Jones Trading. The Bureau of Labor Statistics released the latest data on employer costs for employee compensation, or ECEC. It showed that employer costs rose 4.9% year-over-year in March despite a general economic slowdown in Q1. In note to clients, UBS' Samuel Coffin wrote that investors ignore this at their own peril: "Private sector wages and salaries actually accelerated to 4.7%y/y from 4.6%. If Fed Chair Yellen is targeting 3-4% wage and salaries inflation as a signal of labor market repair, maybe she's there." Netflix exploded to a record high of $692.79 a share. The stock jumped by more than 6% in trading, and has nearly doubled in value year-to-date. The rally comes after the company's shareholder meeting on Tuesday, in which it authorized an increase in shares outstanding. This makes a stock split likely, in which the stock gets less expensive as shareholders get multiple shares for every one they currently own.  Etsy rallied more than 8%. In a regulatory filing made Monday, the company disclosed that hedge fund Tiger Global Management raised its holding of stock to 8.9% of all outstanding shares, from 7.3% as of mid-April. The rally still left the stock price around nearly half of the level it reached in trading on the day it went public in April – around $30 per share. Etsy had priced its IPO at $16. GoPro shares slumped 5% after Citi analysts wrote that the company's point-of-view cameras may never catch mainstream appeal. In a note Wednesday, the analysts slashed their forecast for product growth to 13.5 million units by 2018 from 16 million units. Following a survey, they noted that fewer people are planning to buy a GoPro camera in the next 12 months than a year ago. Also, the drone market is threatening to slowdown the action camera market. General Motors turned down a merger with Fiat Chrysler. The FT reported that GM CEO Mary Barra disclosed this at the annual shareholders' meeting in Detroit on Tuesday; she had received a letter from Fiat CEO Sergio Marchionne, who wished to create the world's top automobile company and cut costs. Barra had reportedly turned down a previous offer.  Egg prices are going nuts. Data released Wednesday from the US Department of Agriculture showed that the average price of a dozen eggs will rise to a record high this year, according to Reuters. That's because of the worst bird flu outbreak that we've ever seen. The USDA raised its forecast for the price of a dozen Grade A large eggs in New York to $1.60 to $1.66 in 2015, and between $1.73 to $1.87 on average in the fourth quarter. DON'T MISS: Something peculiar is going on in the final 30 minutes of trading, and it's not good »Join the conversation about this story » NOW WATCH: Two models in Russia just posed with a 1,400-pound bear

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STOCKS FALL: Here's what you need to know (SPY, DJI, IXIC, USD, UST, AAPL, TSLA, DB, XU100)

Stocks failed to rally into the green on a relatively calm day for markets that saw no major economic data released. Monday afternoon, however, saw reports that Greece's creditors may have extended a new lifeline.  First, the scoreboard: Dow: 17,816.49, -32.97, (-0.18%) S&P 500: 2,085.18, -7.65, (-0.37%) Nasdaq: 5,033.16, -35.30, (-0.70%) And now, the top stories on Monday: Stocks climbed off their lows of the day following news that Greece's creditors have suggested extending the bailout plan until March 2016, according to the Wall Street Journal. Three people familiar with the negotiations told the Journal that as part of the extension, Greece would get access to €10.9 billion that had been set aside to recapitalize weak banks. Apple unveiled a bunch of upgrades and new services at its big annual Worldwide Developers Conference (WWDC) in San Francisco. Shares fell about 1% ahead of the conference but rallied from the lows during the event. Here's some of the highlights: Apple Music will let you stream any song on iTunes on demand for $9.99 a month from June 30. OS X El Capitan is the newest operating system for Macs, and iOS 9 will replace iOS 8 on iPhones and iPads. Apple Watch software also got an upgrade. We have all the details here. Deutsche Bank shares surged more than 6% after co-CEOs Anshu Jain and Jürgen Fitschen stepped down over the weekend, replaced by John Cryan. They resigned amid several regulatory and legal problems, including probes into rigging of benchmark interest rates, tax evasion, and money laundering. Fitschen had been in court over perjury charges. It's a big mess that's now in Cryan's hands for cleanup. McDonald's reported that US same-store sales fell more than expected in May. Sales at stores open for at least a year fell 2.2% compared to the prior year – more than the 1.7% decline that was expected. Global comparable store sales fell 0.3% May, however, less than the 0.9% decline that was expected. In Europe, comparable-store-sales rose 2.3% against expectations for a 0.6% increase. The company will only disclose these numbers for one more month. Tesla shares gained up to 3% after Baird analysts raised their price target to $335 from $275 with an "Outperform" rating. They wrote that the Model X SUV launch, Tesla Energy, and the upcoming shareholder meeting on Tuesday are likely positive catalysts. "We like the setup of news flow which should help drive the stock higher and improve sentiment, which is still not overly positive," they wrote. Tesla has surged 15% year-to-date. Investors are nervous about stocks and until they feel differently, we're probably not at the top. In a client note on Monday, Wells Fargo's Gina Martin Adams wrote: "At the market peak in 2000, 66% of individual investors were bullish. Likewise, at the peak in 2007, 55% were bullish. Today, just 25% of individual investors are bullish stocks. Until investors become significantly less nervous about the future for stocks, the longer-term bull market likely remains intact." Her  12-month fair value estimate for the S&P 500 is 2,222. Markets in Turkey tanked after president Tayyip Erdoğan lost big to the opposition party in elections. The Turkish lira fell to a record low, and was down against virtually every other currency. And, the Turkish stock market closed more than 5% lower in Istanbul. DON'T MISS: The hottest research team in economics has some great news about wage growth »Join the conversation about this story » NOW WATCH: Mark Cuban: Why perfection in business is a bad thing

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Greek brinkmanship drags European stocks lower

European shares dropped yesterday, led lower by a slump in the Athens stock market that took Greek stocks to one-month lows after the country delayed a debt payment due to the IMF. In Dublin the Iseq index of Irish shares closed down two-thirds of 1pc at ...

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Greek stocks lead Europe higher as investors look to bailout talks

Greek stocks headed for their biggest rally in a more than a month, leading European shares higher as investors awaited the outcome of the country’s debt talks.

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Stocks Fall Over Greece Default Jitters

Southern Europe led the continent’s stocks lower Monday, as jitters arose over the future of Greece ahead of a summit of European leaders later this week. The Stoxx Europe 600 was trading close to 0.6% around midday, dragged down particularly by losses ...

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Euro rose Monday on optimism over Greece

Wall Street shares fell on Monday, dragged lower by biotech and healthcare stocks, while European shares and the euro advanced on optimism over talks between Greece and its lenders after Greece reshuffled its negotiating team. The Nasdaq Biotech Index and the ...

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GLOBAL MARKETS-Wall St falls; European shares rise on optimism over Greece

Drop in healthcare stocks leads U.S. shares lower. * Reshuffled Greek negotiating team helps European shares. * Euro gains on Greece optimism.

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