Asian stocks have gained some small ground today with the Nikkei up 0.14% and the Hang Seng up 0.66%, value that has been mirrored with a slight rise in Gold and Oil, again the Greeks are responsible for this move as there is some renewed optimism that they won’t cause the end of the world this week.  This  Greek optimism has come from opinion polls showing that the country is swaying towards Pro-Bailout political parties in their next round of voting to try to get a majority party in power, something they failed to do originally.  Perhaps the fear of no longer being in the Euro was enough to persuade voters to be more decisive.

The US is closed today as they have their Memorial Day so for many it will be a quiet start to the week, most markets are holding firm across the globe, including the overnight US index futures who still have the Facebook IPO losses hanging around their neck.

 

Posted by Jonathan Bristow | Account Executive