On Tuesday, world stock markets were sent lower, as debt talks in the highly indebted Greek nation dragged on. Up till now, there has been no sound measure taken by the indebted country’s officials to convince that it will not avert on its debt. If the situation persists, Greece will explode soon and it will impact many other economies in the world.
In Europe, shares opened lower, as the British FTSE 100 index dropped but the drop was observed to be of less than 0.1 percent. After the drop, the index settled at a value of 5,892.20. Moreover, DAX of Germany dropped by 0.2 percent, as it settled at a value of 6,751.13, whereas CAC-40 of France dropped marginally, as it settled at a value of 3404.75.
On the other hand, markets in New York showed a slightly higher trend prior to the opening bell, as the Dow Jones industrial futures increased by only a fraction, to settle at a value of 12,779 whereas S&P 500 futures were also higher, as they increased by less than 0.1 percent to settle at a value of 1,339.80.
During the early hours of trading, stock markets in Asia were lower. The Nikkei 225 index of Japan dropped by 0.1 percent, to settle at a value of 8,917.52, whereas Hang Seng of Hong Kong dropped to 20,669.19. On the other hand, S&P ASX/200 of Australia dropped by 0.5 percent, as it settled at a value of 4,274.20. One of the indexes that rose was Kospi of South Korea. Kospi rose by 0.4 percent, as it settled at a value of 1,981.59 and similarly, benchmark indexes in Taiwan, Malaysia and Singapore also reported to be higher but benchmark indexes in mainland China, Indonesia and India were also lower.
Until leaders in Greece can come up with a solid plan to convince that it can avert debt default, stock markets and oil prices will keep fluctuating.
