World stock markets rose on Tuesday, helped by solid corporate earnings in Europe, progress on Greek debt talks, and a new pledge by Japan that it was prepared to weaken its currency. The MSCI All-Country World index climbed 0.4%, the pan-European FTSEurofirst 300 index advanced 1.3 percent, while the MSCI Emerging Market indexalso edged higher.
Like their counterparts in Europe, U.S. indices are expected to start the final trading session of the week in the red as earnings season continues to underwhelm on both continents and the economic data doesn’t give much to be happier about.
The reinstatement of a waiver to allow Greek banks to swap the country's government bonds for ultra-cheap European Central Bank funding is under consideration, Greece's deputy central bank governor said on Wednesday.
The U.S. dollar made gains this morning as markets anticipate that central banks around the world will ease monetary policy. The anticipation comes in the wake of the Federal Reserve’s decision last week to maintain its current rate level.
Prime Minister Alexis Tsipras resigned on Thursday, hoping to strengthen his hold on power in snap elections after seven months in office in which he fought Greece's creditors for a better bailout deal but had to cave in.