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- European stock markets mid session: stocks traded higher on the results of the Greek parliament's vote
European stock markets mid session: stocks traded higher on the results of the Greek parliament's vote
Stock indices traded higher on the results of the Greek parliament's vote. The Greek parliament has approved reforms demanded by Greece's creditors in return for the third bailout programme on Wednesday. 32 Syriza members, including former finance minister Yanis Varoufakis, voted against new reforms.
Greek Prime Minster Alexis Tsipras said before the parliament that there is no alternative.
The ECB Governing Council will meet in Frankfurt on Thursday, and the German parliament on Friday votes on the resumption of talks on financial aid to Greece.
The European Central Bank will release its interest rate decision today. It is unlikely that there will be changes in the monetary policy. Market participants will closely monitor the press conference, looking for new details regarding Greece.
Meanwhile, the economic data from the Eurozone showed some weakness. Eurozone's final consumer price index was flat in June, in line with the previous estimate, after a 0.2% increase in May.
On a yearly basis, Eurozone's final consumer price inflation fell to 0.2% in June from 0.3% in May, in line with the previous estimate.
Eurozone's consumer price inflation excluding food, energy, alcohol and tobacco declined to an annual rate of 0.8% in June from 0.9% in May, in line with the previous estimate.
Eurozone's unadjusted trade surplus slid to €18.8 billion in May from €24.9 billion in April.
Exports rose at an annual rate of 3.0% in May, while imports were flat.
Current figures:
Name Price Change Change %
FTSE 100 6,788.93 +35.18 +0.52 %
DAX 11,718.1 +178.44 +1.55 %
CAC 40 5,128.53 +81.29 +1.61 %
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