- Tweet
- Share this
Mon Mar 25, 2013 2:19am EDT
PARIS, March 25 (Reuters) - Financial spreadbetters expect Europe's mainstock indexes to rally on Monday after Cyprus reached a deal with internationallenders for a 10 billion euro bailout. Spreadbetters expect London's FTSE 100 to open 33 to 39 pointshigher, or up 0.6 percent, Frankfurt's DAX to open 69 to 70 pointshigher, or up 0.9 percent, Paris' CAC 40 to open 38 to 40 points higher,or up 1.1 percent, Spain's IBEX to open 87 points higher, or up 1percent and Italy's FTSE MIB to open 198 points higher, or up 1.2percent. As part of the bailout plan, Cyprus will shut down its second largest bank,Popular Bank of Cyprus, also known as Laiki, and inflict heavy losseson uninsured depositors. "With the deal described as a banking restructure with haircuts imposed, itdoesn't have to be voted on by the Cypriot parliament, effectively taking thedecision out of the people's hands and into Brussels'," IG market strategistEvan Lucas wrote in a note. -------------------------------------------------------------------------------- MARKET SNAPSHOT AT 0614 GMT LAST PCT CHG NET CHG S&P 500 1,556.89 0.72 % 11.09 NIKKEI 12,546.46 1.69 % 207.93 MSCI ASIA EX-JP 539.31 1.21 % 6.45 EUR/USD 1.3038 0.42 % 0.0055 USD/JPY 94.71 0.22 % 0.2100 10-YR US TSY YLD 1.960 -- 0.03 10-YR BUND YLD 1.376 -- 0.00 SPOT GOLD $1,610.96 0.19 % $3.01 US CRUDE $94.23 0.55 % 0.52 > GLOBAL MARKETS-Euro, Asian shares rise on revamped Cyprus deal > Wall St rises on hopes for Cyprus deal, but dips for week > Tokyo's Nikkei share average rises 2.04 pct > TREASURIES-bonds drop on relief over Cyprus bailout > FOREX-Euro pushes higher on news of rescue deal for Cyprus > PRECIOUS-Gold edges up, after hitting 1-week low on Cyprus deal > METALS-Copper climbs as Cyprus deal boosts risk appetite > Brent climbs above $108 after Cyprus rescue plan approved
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Comments (0)
Be the first to comment on reuters.com.
Add yours using the box above.
